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