News & Analysis as of September 19, 2024

Self-Insured Health Plans

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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 -

The Employer’s Playbook for Affordable Care Act Compliance: Self-Insured Plans - Remember - July 31, 2013 Deadline for Paying...

Saul Ewing LLP on 7/25/2013

Media coverage of the one year delay in certain Affordable Care Act provisions might mislead some employers into thinking they have no obligations. Many requirements still take effect this year and in 2014. Here is one of the...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

Healthcare Reform White Paper: Countdown To 2014

McNees Wallace & Nurick LLC on 6/27/2013

Although the Patient Protection and Affordable Care Act (“PPACA” or the “Act”) is now over three years old, the Act’s core requirements will not take effect until 2014....more

The Affordable Care Act’s Patient-Centered Outcomes Fee Deadline is Approaching - Many Employers with Self-Insured Plans Must...

Best Best & Krieger LLP on 6/25/2013

As part of the Affordable Care Act, insurance companies offering certain health insurance policies and employers, including public agencies, that sponsor certain self-insured plans may be responsible for reporting and paying...more

Guidance for Self-Insured Health Plans and Payment of PCORI Fees: IRS Revises Form 720

Davis Wright Tremaine LLP on 6/12/2013

For plan sponsors and insurers wondering how to pay the fee for the Patient-Centered Outcomes Research Institute (which is due by July 31, 2013 for calendar year plans), the IRS has revised Form 720 to provide needed...more

New Affordable Care Act Fees Impact Group Health Plans in 2013 and 2014

BakerHostetler on 4/16/2013

On July 31, 2013, the first of various fees will be due that are imposed by the Affordable Care Act on self-insured group health plans and/or issuers of insured health policies providing accident and health coverage. Beyond...more

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