Obamacare Fee Due July 31
| The Patient Protection and Affordable Care Act (PPACA) imposes a fee for clinical research. The Patient Centered Outcomes Research (PCOR) fee is effective for plan years ending on or after October 1, 2012 and before October 1, 2019. Insurance carriers will pay and report the fee for fully insured plans through insurance companies such as Blue Cross, Humana, United Healthcare, etc. However, plan sponsors of applicable self-insured health plans will need to report and pay the fee themselves.
To learn more about the PCOR fee, please click here. The fee must be reported on IRS Form 720. For the IRS Form 720, click here. For Form 720 instructions, click here. |