This is a reminder your 2019 PCORI fee is due July 31, 2020.
What is a PCORI fee?
The Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to help patients, clinicians, payers and the public make informed health decisions by advancing comparative effectiveness research.
The institute’s research is to be funded, in part, by fees paid by health insurance issuers and sponsors of self-insured health plans. These fees are widely known as Patient-Centered Outcomes Research Institute fees (PCORI fees), although they may also be called PCOR fees or comparative effectiveness research (CER) fees.
We strongly advise you take the time to read through North Risk's Compliance Overview on PCORI Fees*. Directly below, you will find a PCORI fee payment schedule based on plan year start date. For easy reference, we’ve also included links to relevant forms and documents below. If you require assistance determining your member counts for your 2019 plan year, please contact your North Risk Partners' representative.
|Plan Year||Fee Per Average Covered Life||Due Date|
|2/1/18 – 1/31/19||$2.45||July 31, 2020|
|3/1/18 – 2/28/19||$2.45||July 31, 2020|
|4/1/18 – 3/31/19||$2.45||July 31, 2020|
|5/1/18 – 4/30/19||$2.45||July 31, 2020|
|6/1/18 – 5/31/19||$2.45||July 31, 2020|
|7/1/18 – 6/30/19||$2.45||July 31, 2020|
|8/1/18 - 7/31/19||$2.45||July 31, 2020|
|9/1/18 - 8/31/19||$2.45||July 31, 2020|
|10/1/18 - 9/30/19||$2.45||July 31, 2020|
|11/1/18 - 10/31/19||To be determined||July 31, 2020|
|12/1/18 - 11/30/19||To be determined||July 31, 2020|
|1/1/19 - 12/31/19||To be determined||July 31, 2020|
If you have questions related to this update, please contact your North Risk Partners advisor. Don’t have an advisor? No problem. We’ll help you find one.
This regulatory update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.
*Downloadable content is reserved for North Risk Partners clients. MyWave Connect login credentials are needed to download the bulletin.