The Affordable Care Act (ACA) created a new fee called the Patient-Centered Outcomes Research Institute (PCORI) fee. This fee is to be used to fund research on medical treatment effectiveness and is to be paid by both fully insured and self-funded group health plans.
The fee for the first year is $1 per person enrolled in the plan. A person enrolled in the plan includes the participating employee, spouses, domestic partners and dependents. COBRA and retiree participants also must be counted.
The fee is due based on the year-end of the plan, beginning with plans ending on or after October 1, 2012. For plans with years ending in October, November or December 2012, a filing will be due on or before July 31, 2013. The fee must be reported on IRS Form 720, "Quarterly Federal Excise Tax Return." Read more
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Katz, Sapper & Miller’s Healthcare Resources Group serves healthcare providers, including physicians, hospitals and health systems, surgery centers, and long-term care facilities. Our team of healthcare professionals has the scope and depth to meet client needs. Learn more.
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