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Feb 09, 2023
The annual mandated fee to fund the Patient-Centered Outcomes Research Institute (PCORI) is increasing to $3.00 per member, up from $2.79 last year. It’s mandated by the Affordable Care Act and due July 31st, 2023.
Fees are paid annually with the submission of IRS Form 720. We pay it for fully insured employers. Self-insured clients pay it directly to the IRS. Small Group Anthem Balanced Funding (ABF) and Multiple Employer Welfare Arrangement (MEWA) clients may need your guidance on calculating and paying the fees.
The fees can be calculated by:
Be ready to share this information with your clients who may need your assistance.
Please join us for a half-hour webinar on Wednesday, April 24, 2024, at 2 p.m. ET / 10 a.m. PT. The head of Strategy and Solutions for Carelon Digital Platforms, Milind Shah, will discuss how we are focusing on digital transformation and leveraging new tools such as AI and digital technology resp...
Time Well Spent Wellness Calendar resources for March focus on kidney and bladder health. Our kidneys and bladder operate like our body’s cleaning department, silently preserving our well-being. They generally work without us noticing. When problems occur, they can cause discomfort and could lea...