PCORI Fees are Due July 31, 2019
PCORI Fees are not owed by all employers. Please read below for details.
The ACA created the Patient-Centered Outcomes Research Institute (PCORI) to help patients, clinicians, payers and the public make informed health decisions by advancing comparative effectiveness research. The Institute’s research is funded, in part, through fees known as Patient Centered Outcomes Research Institute Fees.
An employer with an HRA or a self-insured health plan reports and pays PCORI fees annually using IRS Form 720. These fees are due by July 31 of the calendar year following the last day of the plan year. This means that, for employers who sponsored an HRA or a self-insured plan with a plan year ending in 2018, the PCORI fees are due by July 31, 2019.
For more information and instructions on how to file PCORI fees please visit the IRS website. For more information on the PCORI fees you can continue reading here. As always, your Towne Benefits team is here to assist should you have any questions regarding PCORI fees but we also recommend consulting your tax advisor.
Filed Under: Benefits Briefs