Reminder: PCORI Fees Due July 31
The Affordable Care Act imposes a fee on issuers of health insurance policies and plan sponsors of applicable self-insured health plans including stand-alone Health Reimbursement Arrangements or HRAs, to help fund the Patient-Centered Outcomes Research Institute. Employers who sponsored self-funded medical plans or HRAs ending sometime in 2017 must report and pay the Affordable Care Act PCORI fees no later than July 31, 2018. The PCORI fee is based on the average number of lives covered under the policy or plan.