Through the passage of the Patient Protection and Affordable Care Act (“Act”), the Patient-Centered Outcomes Research Institute (“Institute”) was created to promote research to advance the quality of evidence-based medicine. The Institute is funded through the Patient-Centered Outcomes Research Trust Fund, which is financed, in part, by fees paid by plan sponsors of applicable self-insured health plans and issuers of specified health insurance policies. For the first year of applicability, the fee is $1 per covered life and increases for later years.
The first deadline for payment of the Patient-Centered Outcomes Research Institute (PCORI) fee is July 31, 2013.
Click here to learn more about PCORI fees
Click here for Form Instructions
Click here for Form 720
If you have questions regarding the application of this fee to your plans, please contact attorney Beth Latchana at elatchana@fraserlawfirm.com or 517.377.0826.