As a reminder, the Patient-Centered Outcomes Research Institute (PCORI) fee deadline is coming up. For 2021 the deadline will be August 2, instead of the usual July 31 deadline, since the 31st falls on a Saturday. The Affordable Care Act (ACA) requires health insurers and sponsors of self-funded group health plans (including health reimbursement arrangements) to pay this fee and file IRS Form 720 each year. The fee is $2.66 per covered life for plan years that ended on or after October 1, 2020 (including calendar year plans). For plan years that ended on or after January 1, 2020 through September 30, 2020, the fee is $2.54 per covered life.
Contact your Cowden representative for more information on this or other compliance issues.