Don’t Forget to Pay PCORI Fees

07/09/2018

Employers that sponsor certain self-insured health plans, including some health reimbursement arrangements (HRAs) and health flexible spending arrangements (health FSAs), are reminded that they are responsible for Patient-Centered Outcomes Research Institute (PCORI) fees. Fees for self-insured plans with plan years that ended in 2017 are due July 31, and are required to be paid via IRS Form 720. Employer-sponsored self-insured plans with plan years that ended between January 1, 2017 and September 30, 2017 must pay a fee of $2.26 multiplied by the average number of lives covered under the plan. Employer-sponsored self-insured plans with plan years that ended between October 1, 2017 and December 31, 2017 must pay a fee of $2.39 multiplied by the average number of lives covered under the plan. Questions about this may be directed to OMA’s employee health plan partner, One Source Advisors. 7/4/2018

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