Is your company responsible for paying the PCORI fees that are a part of the Affordable Care Act? Ted Haughey, Vice President of CBG Benefits, recently outlined how companies can determine their responsibility.
If you are responsible, then it’s important to note that the IRS has released an updated Form 720, which is needed to report and pay the fee. There is a new section on the form devoted to PCORI for issuers and plan sponsors to fill out.
In addition to releasing an updated document, the IRS also released updated instructions to help companies in their efforts. Please use the links below to download these documents.
If you have any questions on your company’s responsibilities towards the PCORI fees, please contact the CBG Benefits team at 877-332-6387.