On November 4th, the IRS provided the 2017 fee to fund the Patient-Centered Outcomes Research Institute, which researches clinical effectiveness and advances evidence-based medicine.
Created by the Affordable Care Act (ACA), the fee is paid by July 31st annually by the issuer of insured group health plans and sponsors of applicable self‐insured group health plans, regardless of grandfathered status.
Group health plans ending on or after October 1, 2016 and before October 1, 2017 will pay $2.26 per covered life, which is an increase of 9 cents per covered life from 2016.
For PrimePay clients: There are several methods for determining the number of covered lives; go to support.primepay.com and search for “pcori.”
To learn more, click here to view the IRS Notice 3016-64.