PCORI Fees Due by July 31

Deadline Time Business Concept

 

In 2010, the Affordable Care Act created a new entity known as PCORI, the Patient Centered Outcomes Research Institute. ┬áPart of the Institute’s funding is through temporary fees imposed on group health plans, including Health Reimbursement Arrangements (HRAs) and Medical Expense Reimbursement Plans (MERPs). ┬áThese fees, which must be paid by the plan sponsor, are due by July 31 of the following plan year.

For example, a group with a calendar year plan of January 1, 2015 – December 31, 2015, must submit their fees by July 31, 2016.

View more details about the excise tax and the fee schedule imposed on the annual deadline.