Attention: Do you have a Self-Insured Plan?
JULY 31st Deadline for Reporting and Paying PCORI Fees
For plans with plan years ending between October 1, 2012 and December 31, 2012, the initial fee is due by July 31, 2013. The PCORI Fee is required to be remitted with a Form 720 to the IRS. Please contact us if you need assistance. Our clients with Self-Insured plans are affected by this provision.
The Affordable Care Acte stablished the Patient-Centered Outcomes Research Institute (Institute) in order to provide comparative clinical effectiveness research data so that patients, health care providers, purchasers of health care and insurance products, and policy-makers can make informed decisions. To fund the Institute, fees paid by health insurance issuers and sponsors of self-insured health plans are used. This is a temporary fee which will run through 2019.
Again, please contact the Lewis & Knopf team if you have questions or need assistance at 810-238-4617 or toll-free at 877-244-1787.