The deadline for the PCORI fee is right around the corner. As a reminder, this fee must be paid by impacted plans* for plan years ending before October 1, 2029. The amount of the PCORI fee for plan years ending on or after October 1, 2020, and before October 1, 2021, will be $2.66 multiplied by the average number of covered lives.
IRS Form 720 and any associated payments must be made to the IRS by July 31 of the calendar year following the end of the plan year. As in years past, you may contact your Meritain Health® representative to request a report to assist with your PCORI fee filing.
*Exempt plans include stop-loss policies, stand-alone dental and/or vision plans, integrated HRAs, HSAs, FSAs, Employee Assistance Plans, disease management and wellness programs, Medicare Part C and Part D products, employer-provided health coverage that pays secondary to Medicare, Expatriate plans and Medicaid plans.