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Wednesday, 28 June 2017 14:11

Filing Deadline for PCORI Fees 7/31/2017

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The Patient Centered Outcomes Research Institute (PCORI) fee is due July 31, 2017 for employers with any type of self-funded plan and/or a Health Reimbursement Arrangement. 

The fee helps fund unbiased research that evaluates the clinical effectiveness of medical treatments regardless of the profit potential. This fee is also known as the Comparative Effectiveness Research Fee, or CERF.

The fee for February through October effective dates is $2.17 (last year’s rate). The fee for those with November, December, or January effective dates is this year’s fee of $2.26.

You need to calculate the average number of lives (employees and all dependents) over the plan year that ended in 2016. There are several allowable estimation methods for arriving at this average. 

Employers must submit payment for the PCORI fee along with the IRS Form 720. All Fall River clients who need to remit the PCORI fee were emailed detailed instructions and assistance several weeks ago.   For other employers here are the instructions for filing links.  

Let us know if you need help complying with this requirement, as the deadline is right around the corner! 

 
Read 408 times Last modified on Thursday, 29 June 2017 11:35