The Affordable Care Act created a new entity in 2010 known as PCORI - Patient Centered Outcomes Research Institute. Part 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).
The IRS recently released Notice 2016-64 which, in part, states the adjusted applicable dollar amount for the fee imposed for policy years and plan years that end on or after October 1, 2016, and before October 1, 2017, is $2.26.
Click here for information about the excise tax imposed on these plans, how to calculate the amount due and the annual deadline date. If you have any questions about this, please contact a P&A sales representative or your plan administrator, Monday through Friday from 8:30 AM to 5:00 PM ET at (800) 688-2611.