Tag: form 720

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,…

Question: We forgot to file and pay our Patient Centered Outcomes Research Institute (PCORI) fee last year; how can we correct this? Answer: We cannot provide tax advice as this is not our area of expertise. We recommend consulting with a professional tax advisor prior to relying on this information. However, as general information our…

Question: For a self-insured client with a 12/1/12 plan year renewal date, do they have to pay the CER fee on July 31, 2013 on IRS form 720? Or should the fee be paid sooner, since the plan year begins prior to the start of the fiscal year? Answer: Our understanding is that the PCORI…