News & Analysis as of September 18, 2024

Internal Revenue Service

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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: PCORI Fees Due By July 31, 2024

Woodruff Sawyer on 6/12/2024

Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2024 deadline for paying fees that fund the Patient-Centered Outcomes...more

PCORI Fee Deadline is Almost Here

Bricker Graydon LLP on 7/5/2023

If you sponsor a self-insured group health plan (including an HRA), make sure you set a calendar alert for July 31 to pay the annual PCORI fee (Patient-Centered Outcomes Research Institute fee) for the 2022 plan year. The...more

Self-Insured Health Plans: August 1st PCORI Fee Due Date is Rapidly Approaching

Jackson Lewis P.C. on 7/15/2022

The Patient-Centered Outcomes Research Institute (“PCORI”) is an independent nonprofit research organization that funds comparative clinical research, among other things. PCORI is funded through annual fees — provided for in...more

You’ve Got Another PCORI Fee Coming!: Congress revives the PCORI fee and filing obligations

Holland & Hart - The Benefits Dial on 3/5/2020

In the wee hours of December 2019, Congress revived the PCORI fee and filing obligations of employer sponsors of self-insured group health plans. In accordance with the requirements of the Affordable Care Act, employer...more

PCORI Fee Resurrected

Burr & Forman on 1/8/2020

In the summer of 2019, I wrote a short blog on the death of the PCORI fee — Ding, Dong, the PCORI Fee is Dead!. When enacted as part of the Affordable Care Act, the fee was set to expire with plan/policy years ending after...more

2017 End of Year Plan Sponsor “To Do” List (Part 1) Health & Welfare

Snell & Wilmer on 10/18/2017

As 2017 comes to an end, we are pleased to present our traditional End of Year Plan Sponsor “To Do” Lists. This year, we are presenting our “To Do” Lists in four separate Employee Benefits Updates. This Part 1 will cover...more

PCORI Fee Due by July 31, 2017

McDermott Will & Emery on 6/20/2017

The Patient-Centered Outcomes Research Institute (PCORI) fee was established under the Affordable Care Act (ACA) to advance comparative clinical effectiveness research. The PCORI fee is assessed on issuers of health insurance...more

Reminder: PCORI Fee Due July 31 for Employers With Self-Insured Health Plans

Dechert LLP on 7/31/2013

As previously reported, the Patient Protection and Affordable Care Act (the “ACA”) established the Patient Centered Outcomes Research Institute (the “PCORI”) for the purpose of assisting patients, clinicians, purchasers and...more

PCORI Fee Payment and Filing Deadline is July 31, 2013

Mintz - Employment, Labor & Benefits... on 7/26/2013

The Affordable Care Act has established a new annual fee, imposed on group health plans, which will be used to fund the Patient Centered Outcomes Research Institute. The amount of the fee is $1 times the average number of...more

IRS Guidance Released on the Delayed Implementation of the Affordable Care Act's Play or Pay Rules - Penalties Will Not Apply to...

Best Best & Krieger LLP on 7/11/2013

On the heels of last week’s announcement that the Affordable Care Act’s (ACA) reporting requirements and Play or Pay penalties will not go into effect until 2015, the IRS has released transition relief clarifying that the...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

IRS Issues Q&As On Affordable Care Act Research Trust Fund Fees – First Filings Due July 31, 2013

Stinson - Benefits Notes Blog on 6/14/2013

The 2010 Affordable Care Act (ACA) includes a number of new taxes and fees to be assessed to pay for many of the new federal health care mandates....more

IRS Says PCORI Fees Are Deductible

Proskauer - Employee Benefits & Executive... on 6/13/2013

As employers plan for paying various health care reform fees, one question that arises is whether the fees owed are tax deductible. In particular, it has been unclear whether the fees paid pursuant the Affordable Care Act to...more

Health Care Reform Update: July 31 Fee Deadline for Most Self-Insured Plans

Pillsbury Winthrop Shaw Pittman LLP on 6/13/2013

The IRS has released a revised version of Form 720 “Quarterly Federal Excise Tax Return” for sponsors of self-insured health plans to pay annual fees imposed under the Affordable Care Act. The fee for 2013 is $1 per covered...more

Revised IRS Form 720, Updated For Reporting Patient-Centered Outcomes Research Institute (PCORI) Fees, Now Available: Due By July...

Perkins Coie on 6/13/2013

The Affordable Care Act (the ACA) established the Patient-Centered Outcomes Research Institute (the Institute) in order to provide comparative clinical effectiveness research data so that patients, health care providers,...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

IRS Revises Form for Payment of Fee To Fund Patient-Centered Outcomes Research

Ballard Spahr LLP on 6/11/2013

The Internal Revenue Service (IRS) has issued an updated version of IRS Form 720 and the instructions. Self-funded group health plan sponsors and health insurers must use this form to report and pay the fee required to fund...more

Reporting and Filing for the PCORI Fee

Ogletree, Deakins, Nash, Smoak & Stewart,... on 6/11/2013

As you may know the Affordable Care Act imposed a new fee on issuers of individual and group health insurance policies and plan sponsors of self-funded plans. As previously noted in our blog, on December 5, 2012, the Internal...more

IRS Form 720 for Remittance of PCORI Fees Is Available Now

BakerHostetler on 6/5/2013

Sponsors of self-insured health plans are notified that on June 3, 2013, the Internal Revenue Service (IRS) posted an updated Form 720 and accompanying instructions on its website. The new Form 720 (with a revision date of...more

Employers Need to Plan Now for the Next Phase of Health Care Reform

K&L Gates LLP on 2/22/2013

Although most employers have implemented the initial phases of Health Care Reform as they became effective over the past couple years, many of them have taken a “wait-and-see” approach to the next phase of Health Care Reform....more

New Health Care Reform Fees—Will You Be Required to Pay?

Ogletree, Deakins, Nash, Smoak & Stewart,... on 1/10/2013

The Patient Protection and Affordable Care Act established two fees to be paid by insurers and self-insured plans: (1) the Transitional Reinsurance Program (TRP) fee to raise revenue for health insurance issuers that cover...more

IRS Issues Final Regulations Implementing the Affordable Care Act’s Medical Device Excise Tax

King & Spalding on 12/12/2012

On December 5, 2012, the Internal Revenue Service (IRS) published final regulations regarding the implementation of the excise tax applicable to the sale of certain medical devices, enacted by the Patient Protection and...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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Form 720 › Patient Protection and Affordable Care Act (PPACA) › Internal Revenue Service

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