This is an early reminder that employers with insured plans/HRA arrangements are required to report and pay the 2015 ACA Patient-Centered Outcomes Research Institute (PCORI) fees for the HRA plan no later than July 31, 2016. The IRS has adjusted the ACA fee amount for this year to $2.17 per insured life.
As in previous years, employers must report and pay the fee via IRS form 720 by July 31 of each year. The filing will cover the plan year that ended during the preceding calendar year.
If you have questions regarding the PCORI fees, call 1.800.250.2741 or email us at firstname.lastname@example.org to contact one of our Healthcare Reform subject matter specialists.