As a valued Ansay & Associates contact, we are pleased to provide you with several compliance updates and reminders for the upcoming year, with a focus on the following:
EEOC Issues New FAQs on COVID-19 Vaccine Programs & Incentives
REMINDER: Compliance Deadline of August 2, 2021: PCORI Fees
As you may know, the Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to conduct research regarding healthcare issues (www.pcori.org). This fee was scheduled to end for plans or policies ending on or after Oct. 1, 2019, but was extended by Congress for an additional 10 years. In connection with PCORI, there is an upcoming filing and fee due on or before August 2, 2021.
In order to fund PCORI, the ACA imposed the PCORI fee, a tax assessed against major medical programs. For fully insured plans, the health insurance carrier pays the PCORI fee, but for self-funded plans, it is the obligation of the plan sponsor (the employer(s), employee organization, governmental entity, VEBA, or MEWA) to pay the PCORI fee.
To What Plans Does the PCORI fee apply?:
Who Must Pay the PCORI fee:
When the Fee Due and What is the Amount?
How is the Fee Calculated?: