PCORI Fees, imposed by the Affordable Care Act to employers who provide health insurance to their employees, are due Tuesday to the IRS.
The fee is the amount of money paid by employers who provide health insurance to their employees and imposed by the ACA to fund the Patient-Centered Outcomes Research Institute (PCORI).
The fee is required to be reported only once a year on the second quarter Form 720 and is based on the average number of lives covered under the policy or plan.
For most 2017 plans, the PCORI fee is set at $2.26 per covered life per year. The PCORI fee will be indexed yearly to national health expenditures until it ends in 2019.
For plan years ending from October 1, 2017 through December 31, 2017, the PCORI fee is $2.39 per covered life, with the fee due on July 31, 2018.
For plan years ending from January 1, 2018 through September 30, 2018, the PCORI fee is $2.39 per life, with the fee due on July 31, 2019.
Please refer to the following chart for the filing due date and applicable rate depending upon the month a specified health insurance policy or an applicable self-insured health plan ends.
Contact us
Have questions regarding the PCORI fee for 2018? Contact a Plexus client service team representative in Deer Park, Ill. (847-307-6100), Chicago (312-606-4800), Dallas (972-770-5010) or Oklahoma City (405-840-3033).
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