Self Insured Plans Must Pay PCORI Fee by August 1
July 13, 2022
Self-insured health plans are required by the Patient Protection and Affordable Care Act (ACA) to pay a fee to help fund the Patient-Centered Outcomes Research Institute (PCORI). The fee for the 2021 plan year is due by August 1, 2022. The amount of the fee is based on the average number of lives covered under the plan. This August 1, self-insured plan sponsors will be responsible for paying the fee for plan years ending in 2021. If the plan ended on or after October 1, 2021, through October 1, 2022 (including calendar year plans), the fee per covered life is $2.79. Plan sponsors should use IRS Form 720 to pay the PCORI fee.