PCORI Fees Due August 01, 2016

The Affordable Care Act (ACA) requires health insurance issuers and sponsors of self-insured health plans to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return).

Issuers and plan sponsors are generally required to pay the PCORI fees annually on IRS Form 720 by July 31 of each year. However, because July 31, 2016, is a Sunday, PCORI fees will be due by Aug. 1, 2016, for plan years ending in 2015. IRS instructions for filing Form 720 include information on reporting and paying the PCORI fees... Read More