Cafeteria Plan Direct
  • Home
  • $79 Cafeteria Plan
  • About $79 POP
  • HSA Savings Calc
  • About Us
  • Blog

PCORI Fees Due by August 1st for Employers Sponsoring HRAs and Other Self-Insured Plans

7/14/2016

0 Comments

 
As a reminder, fees to fund the Patient-Centered Outcomes Research Institute (PCORI) are due no later than August 1, 2016 from employers who sponsor certain self-insured health plans, including health reimbursement arrangements (HRAs) that are not treated as excepted benefits. Under Health Care Reform, PCORI fees are imposed for each plan year ending on or after October 1, 2012, and before October 1, 2019.
 
How to Calculate the Fee
For plan years ending on or after October 1, 2015 and before October 1, 2016, the fee for an employer sponsoring anapplicable self-insured plan is $2.17 ($2.08 for plan years ending on or after October 1, 2014 and before October 1, 2015) multiplied by the average number of lives covered under the plan.
 
Permissible methods for determining the average number of lives covered under a plan are explained in IRS guidance.
 
Reporting and Payment Deadline
In general, plan sponsors of applicable self-insured health plans are required to report and pay the fee no later than July 31st of the calendar year immediately following the last day of the plan year to which the fee applies. However, because July 31st falls on a Sunday this year, the due date is August 1, 2016. Fees are reported and paid using IRS Form 720, Quarterly Federal Excise Tax Return.
 ​
0 Comments



Leave a Reply.

    Small Business blog

       

    Archives

    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    January 2019
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    September 2014
    June 2014
    January 2014

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • $79 Cafeteria Plan
  • About $79 POP
  • HSA Savings Calc
  • About Us
  • Blog