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Under the Affordable Care Act (ACA) a fund was created to assist in clinical effectiveness research. To aid in the financial support for this endeavor certain health insurance carriers and health plan sponsors are required to pay fees based on the average number of lives covered by welfare benefits plans. These fees are referred to as Patient-Centered Outcome Research Institute (PCORI). View the attachment for the applicable fees based on policy year. 

As a reminder, fees are required for all group health plans including Health Reimbursement Arrangements (HRAs), but are not required for healthcare Flexible Spending Accounts (FSAs) that are considered excepted benefits.

Fees are reported and paid once per year with the submission of Form 720 (Quarterly Federal Excise Tax Return). The completed Form 720 is due by July 31, 2017.

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