The PCORI fee under the ACA has increased to $2.17 per covered life for plan years that end on or after October 1, 2015, and before October 1, 2016.
Insurance carriers pay the fee for insured plans. Employers sponsoring self-insured plans, including HRAs, must file the Form 720 and pay the fee directly to the IRS. The Form 720 and fees are due by July 31 of the calendar year following the last day of the plan year. For your plan year that ended anytime in 2015, your Form 720 is due by July 31, 2016.
Keller assists our self-insured clients with counting covered lives and form preparation. For more information, please reference Paying the PCORI Fee or contact your Keller account team.