PCORI Fees Due by July 31st

Employers who sponsor self-insured coverage—including HRAs and certain FSAs—are responsible for filing and paying the fee by July 31st of the calendar year following the end of the applicable plan year. The fee is paid as an excise tax, submitted to the IRS once per year on the second quarter Form 720.

The fee amount is based on the average number of covered individuals for the applicable plan year. The per-participant fee is adjusted each year for inflation.

Please note: Marshall & Sterling will provide participant counts and detailed instructions for making payment to our affected clients to assist with this filing. You will be contacted directly with this information shortly, if applicable.

As always, please do not hesitate to reach out with any questions or concerns.

Disclaimer: The information contained in this message is for general informational purposes only and does not constitute legal advice.