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For many employers, the month of July presents multiple employee benefits program compliance deadlines. For instance, if you have a calendar-year plan, you have probably spent time over the past couple of months preparing your Form 5500 filing.
Another deadline you may face at this time of year is the Patient-Centered Outcomes Research Institute (PCORI) fee filing. Part of the Affordable Care Act, this requirement generally applies to health insurance issuers and plan sponsors of self-insured health plans. Employers offering a Health Reimbursement Arrangement (HRA) alongside a fully-insured health insurance plan also are generally required to comply with the PCORI fee filing requirement.
If you have any questions about what your organization may need to do to meet this compliance requirement, please reach out to a member of our Employee Benefits division. Below is a brief overview to help you understand what’s involved.
If you have a moment, we encourage you to review the resources provided by the IRS to find answers to questions such as those.
We hope you find this brief overview regarding the PCORI fee filing requirement helpful. Please note that the Risk Strategies Employee Benefits team is here to help. Reach out to a representative today to find out how we can help you to manage the compliance requirements associated to your employee benefits program. Connect with our team today: firstname.lastname@example.org