Archive for PCORI’ Category

REMINDER: HEALTH PLAN PCORI FEES ARE DUE JULY 31 | Texas Benefits Team
Jul

22

2019

REMINDER: HEALTH PLAN PCORI FEES ARE DUE JULY 31 | Texas Benefits Team

Employers that self-insured any group health plans in 2018, including health reimbursement arrangements (HRAs), are responsible for determining whether the annual PCORI fee applies to their plan. If so, use Form 720 to calculate, report, and pay the fee by July 31, 2019. PCORI stands for the Patient-Centered Outcomes Research Institute. Federal law imposes a small annual fee on most health plans that include medical benefits in order to raise…

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Health Plan PCORI Fees Are Due July 31 | Houston Benefit Advisors
May

29

2018

Health Plan PCORI Fees Are Due July 31 | Houston Benefit Advisors

Do you offer coverage to your employees through a self-insured group health plan? Do you sponsor a Health Reimbursement Arrangement (HRA)? If so, do you know whether your plan or HRA is subject to the annual Patient-Centered Research Outcomes Institute (PCORI) fee? This article answers frequently-asked questions about the PCORI fee, which plans are affected, and what you need to do as the employer sponsor….

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Latest IRS ACA Round Up (Including 2018 Cost-of-Living Adjustments) | Houston Benefit Advisors
Nov

20

2017

Latest IRS ACA Round Up (Including 2018 Cost-of-Living Adjustments) | Houston Benefit Advisors

Recently, the Internal Revenue Service (IRS) issued the instructions for Forms 1094/1095 for the 2017 tax year, announced PCORI fees for 2017-18, and announced cost-of-living adjustments for 2018. The IRS provided additional guidance on leave-based donation programs’ tax treatment and released an information letter on COBRA and Medicare. Here’s a recap of these actions for your reference. IRS Announces Cost-of-Living Adjustments for 2018 The IRS…

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PCORI Fee Increase for Health Plans | Houston Benefit Advisors
Oct

9

2017

PCORI Fee Increase for Health Plans | Houston Benefit Advisors

On October 6, 2017, the Internal Revenue Service (IRS) released Notice 2017-61 to announce that the health plan Patient-Centered Outcomes Research Institute (PCORI) fee for plan years ending between October 1, 2017 and September 30, 2018 will be $2.39 per plan participant. This is an increase from the prior year’s fee of $2.26 due to an inflation adjustment. Background The Affordable Care Act created the…

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