Last Call - 2019 PCORI Fee Deadline Approaching

By July 31, 2019, health insurance policy issuers and sponsors of self-insured health plans must report and pay the annual PCORI fee on Form 720. The good news is that the PCORI fee is only effective for policy and plan years ending after Sept. 30, 2012, and before Oct. 1, 2019, meaning that the July 31, 2019 payment will be the last PCORI payment for plan years ending in October, November and December 2018. (A July 2020 PCORI payment will still be due for those plans with plan years ending from January 2019 through September 2019.) The amount of the PCORI fee is equal to the average number of lives covered during the policy or plan year multiplied by the applicable dollar amount. For policy and plan years ending after Sept. 30, 2018, and before Oct. 1, 2019, the applicable dollar amount is $2.45. 

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