News & Analysis as of September 18, 2024

Health Reimbursement Account

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Form 720 is a United States Internal Revenue Service form that is typically submitted quarterly. Businesses engaged in the sale of particular types of products must use the form to report the collection of excise taxes. The Affordable Care Act made some revisions to Form 720 which relate to the payment of Patient-Centered Outcomes Research Institute (PCORI) fees. The revisions require sponsors of self-funded insurance plans to submit the form yearly to report and pay PCORI fees. less -

Reminder – Annual Deadline (July 31) to Report and Pay PCORI Fee is Approaching [Again!]

Bass, Berry & Sims PLC on 6/11/2020

Yes, that PCORI Fee—it’s back! About this time last year, we let you know that this filing and fee was coming due, and that it was the last time it would be required for a calendar year plan. Since that time, however, the...more

First Payment Of Employer's PCORI Fees For Self-Insured Health Insurance Plans Due July 31

Pullman & Comley, LLC on 7/26/2013

The first payment of the Patient-Centered Outcomes Research Institute (PCORI) fee imposed by the Affordable Care Act is due next week on July 31st. While the U.S. Treasury Department has delayed implementing certain health...more

PCOR Trust Fund Fee Due Soon for Many Plans

Morgan Lewis on 7/25/2013

Calendar-year plans should use updated IRS Form 720 and related instructions to file by July 31 deadline. Under the Affordable Care Act (ACA), for plan years ending on or after October 1, 2012, plan sponsors of...more

Navigating Health Care Reform: Health Care Reform’s New Research Fees: What Employers Need to Know

Snell & Wilmer on 8/9/2012

Now that the Supreme Court has upheld the constitutionality of the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act (collectively, the “Act”), employers must move...more

Self-Insured and Insured Medical Plans, Including Stand-Alone Retiree Plans and HRAs, Are Subject to $1 Fee per Covered...

Davis Wright Tremaine LLP on 5/21/2012

The IRS recently issued a proposed regulation explaining a new fee imposed by the Patient Protection and Affordable Care Act (PPACA). For calendar year plans, the fee begins this calendar year and remains in effect through...more

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