California Benefit Advisors, California Employee Benefits, Employers, Fees, Health plans, HRA, Human Resources, PCORI, Utah Benefit Advisors, Utah Employee Benefits

Reminder: Health Plan PCORI Fees Are Due July 31


Employers that self-insured any group health plans in 2017, including health reimbursement arrangements (HRAs), are responsible for determining whether the annual PCORI fee applies to their plan. If so, use Form 720 to calculate, report, and pay the fee by July 31, 2018.

PCORI stands for the Patient-Centered Outcomes Research Institute. Federal law imposes a small annual fee on most health plans that include medical benefits in order to raise revenue to finance the Institute’s work. See our blog for details on which employer-sponsored plans are subject to the PCORI fee, how to calculate the 2017 amount, complete Form 720, and make payment.

By Kathleen A. Berger

Originally published by www.ThinkHR.com

 

Leave a Reply

Your email address will not be published. Required fields are marked *