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Medical Plans Have PCORI Fee Extended 10 Years

Fringe Benefit Analysts

As the saying goes, “Once a tax, always a tax.” At the end of 2019, Congress reauthorized the annual payment of the PCORI fee until 2029. While Form 720 is filed quarterly for several other federal excise taxes, the PCORTF fee is only required annually, on the second-quarter filing. This fee is currently $2.54

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June HR News Worth Review

Higginbotham

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. The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). Employer Takeaway. Calculating the PCORI Fee Payment.