The PCORI fee due date is quickly approaching. While carriers pay this fee on behalf of fully-insured plans, all self-funded plans and health reimbursement arrangements (HRA) need to make sure to have this completed by July 31st.
PCORI fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). These fees are due each year by July 31 of the year following the last day of the plan year. This means that, for plan years ending in 2016, the PCORI fees are due by July 31, 2017.
Click here for the IRS instructions for filing form 720, which were revised in January 2015, include information on reporting and paying the PCORI fees.
Please contact your Stellar representative with further questions regarding this information.