Under the Affordable Care Act, certain employers have an annual obligation to pay the PCORI fee. Generally, this fee applies to employers that have a self-insured group health plan and to employers that have a Health Reimbursement Arrangement (HRA) alongside their fully-insured group health plan. Sponsors of any applicable plans that ended in 2016 must [...]Continue Reading →
Posts Tagged 'Health Reimbursement Arrangement'
Under the Affordable Care Act, many employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs), are subject to what is known as the PCORI Fees. Affected employers must typically report and pay the required fees via IRS Form 720, Quarterly Federal Excise Tax Return, no later than July 31st of the year [...]Continue Reading →
On December 18th, 2015, President Barack Obama signed into a law a bill that delays implementation of the Cadillac Tax until 2020. Beginning in 2018, the Affordable Care Act (ACA) imposes a 40 percent excise tax on high-cost group health coverage, also known as the “Cadillac tax.” On July 30, 2015, the IRS issued additional [...]Continue Reading →
I want to provide you with a reminder about the upcoming PCORI (Patient-Centered Outcomes Research Trust Fund) Fee deadline, which is a requirement under the Affordable Care Act. It is a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans that helps to fund PCORI, which is designed [...]Continue Reading →
With the fall season soon approaching, the thoughts of many employers have turned towards their employee benefits open enrollment period. According to a report, one significant way employers will seek to manage health care costs in 2015 is through consumer-driven health plans. The article, which highlights a recent survey from the National Business Group on Health, [...]Continue Reading →
Would you like to increase the choices available to employees in your benefits program? Many employers may answer “yes” to that question. However, two significant concerns are often raised that may stop companies from adding additional options: It would increase the amount of education needed It would make the enrollment process more challenging in terms [...]Continue Reading →
Does your company need to pay Health Care Reform’s PCORI Fee? This fee was established by the Affordable Care Act to help patients, clinicians, payers, and the public make informed health decisions by advancing comparative effectiveness research. However, not all employers are required to pay it themselves. To help your company assess whether this fee [...]Continue Reading →