The New ‘PCORI’ Fee Is Due July 31

A little known expense incorporated into the Affordable Care Act, the “PCORI” fee, takes effect this year and is due on July 31. Although not financially burdensome, this fee may cause compliance and filing headaches.
The “PCORI” fee was designed to help fund the new Patient-Centered Outcomes Research Institute that was created to further medical innovation. The new fee is imposed on both issuers of certain health insurance policies and plan sponsors of self-insured health plans. It is levied on plan years ending after September 30, 2012 through October 1, 2019.
The fee is dependent on specific insurance situations, and there a number of exclusions and rules governing its applicability to different coverage arrangements. Employer tax advisors can assist with addressing any compliance concerns.
A complete review of the PCORI fee, including a list of exclusions, can be found in the Weaver newsletter article Which Employers Must Pay the New ‘PCORI’ Fee Due July 31?