PCORI Fees, imposed by the Affordable Care Act to employers who provide health insurance to their employees, are due Tuesday to the IRS. The fee is the amount of money paid by employers who provide health insurance to their employees and imposed by the ACA to fund the Patient-Centered Outcomes Research Institute (PCORI).

The fee is required to be reported only once a year on the second quarter Form 720 and is based on the average number of lives covered under the policy or plan.

For most 2017 plans, the PCORI fee is set at $2.26 per covered life per year. The PCORI fee will be indexed yearly to national health expenditures until it ends in 2019.

For plan years ending from October 1, 2017 through December 31, 2017, the PCORI fee is $2.39 per covered life, with the fee due on July 31, 2018.

For plan years ending from January 1, 2018 through September 30, 2018, the PCORI fee is $2.39 per life, with the fee due on July 31, 2019.

Please refer to the following chart for the filing due date and applicable rate depending upon the month a specified health insurance policy or an applicable self-insured health plan ends.

Contact us

Have questions regarding the PCORI fee for 2018? Contact a Plexus client service team representative in Deer Park, Ill. (847-307-6100), Chicago (312-606-4800), Dallas (972-770-5010) or Oklahoma City (405-840-3033).

We’re here to help – and we’re happy to help.

Reminder: PCORI filings due July 31

With July 31 around the corner, it’s time to start thinking about the Patient‐Centered Outcomes Research Institute (PCORI) Fee. To support clinical effectiveness research, the Affordable Care Act (ACA) imposes an annual fee per enrollee on most insured and self‐insured group health plans through 2019. The PCORI fee is due by July 31 of the calendar year following the close of the plan year. For plan years ending in 2014, the fee is due by July 31, 2015.

PCORI fees are required to be reported annually on the second‐quarter Form 720, Quarterly Federal Excise Tax Return. Filings must be submitted by July 31.

The PCORI fee is assessed based on the number of lives covered by the plan. For plan years ending before Oct. 1, 2014, the fee is $2 per covered life, and $2.08 per covered life thereafter.

Per the IRS, the fee is tax‐deductible as a business expense.