Fees Apply to Employers Sponsoring Certain Self-Insured Plans

By Phil Buchanan on June 13th, 2019 in Human Resources

As a reminder, employers that sponsor certain self-insured health plansare responsible for Patient-Centered Outcomes Research Institute (PCORI) fees. Fees for plan years that ended in 2018 are due July 31, 2019. Employers must report and pay the required PCORI fees annually via IRS Form 720. For plan years that ended between January 1, 2018 and September 30, 2018, the fee is $2.39 multiplied by the average number of lives covered under the plan. For plan years that ended between October 1, 2018 and December 31, 2018, the fee is $2.45 multiplied by the average number of lives covered under the plan. For more information on filing due dates and applicable rates, click here.