AssuredPartners

NOVEMBER 15, 2022

The annual fee is paid using quarterly excise tax Form 720 and must be remitted to the IRS no later than July 31st of the year following the last day of the plan year, which includes calendar-year plans. You may recall that PCORI was previously due to sunset in 2019 but was extended by Congress through 2029. The fee will now be $3.00

Insurance 98

Insurance Utilities Medical Taxes 98

AssuredPartners

DECEMBER 27, 2021

The annual fee is paid using quarterly excise tax Form 720 and must be remitted to the IRS no later than July 31st of the year following the last day of the plan year, which includes calendar-year plans. You may recall that PCORI was previously due to sunset in 2019, but was extended by Congress through 2029. The fee will now be $2.79

Insurance 75

Insurance Utilities Medical Taxes 75

Higginbotham

JUNE 9, 2023

The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). As a result, these fees will continue to apply for the 2020-2029 fiscal years. Calculating the PCORI Fee Payment In general, the PCORI fees are assessed, collected and enforced like taxes. February 2022 July 31, 2023 $2.79

Deductions 52

Deductions Deductible Health Insurance Taxes 52

Higginbotham

JUNE 7, 2022

Employer Takeaway. Most employers have already been contacted by their carrier or third-party administrator (TPA) and will rely on their insurance carriers or TPAs to provide the MRFs. Still, these employers remain legally liable for compliance under the TiC Final Rules. 1, 2022, since July 31, 2022, is a Sunday.

Family and Medical Leave Act 52

Family and Medical Leave Act Health Insurance Insurance Carriers Insurance 52

AssuredPartners

MAY 17, 2019

{"ops":[{"attributes":{"bold":true},"insert":" When the President signed the 2020 spending legislation (the 2020 Further Consolidate Appropriations Act), that repealed the ACA’s Cadillac Tax, the 2.3% excise tax on medial devices, the HIT (Health Insurance Tax).

Flexible Spending Account 40

Flexible Spending Account Insurance Taxes Flexible Spending 40

AssuredPartners

DECEMBER 30, 2019

{"ops":[{"insert":"On December 20, 2019, President Trump signed into law the "},{"attributes":{"link":"[link] Further Consolidated Appropriations Act"},{"insert":"—spending legislation which also included important changes for employer-sponsored health plans, repealing several taxes enacted as part of the Affordable Care Act (ACA) and extending one.

Taxes 40

Taxes Health Insurance Medical Insurance 40