Alaska Employment Law Update – July 2018
July 2, 2018Preparation Aids Prevention
July 10, 2018Alaska Employment Law Update – July 2018
July 2, 2018Preparation Aids Prevention
July 10, 2018Employers that self-insured any group health plans in 2017, including health reimbursement arrangements (HRAs), are responsible for determining whether the annual PCORI fee applies to their plan. If so, use Form 720 to calculate, report, and pay the fee by July 31, 2018.
PCORI stands for the Patient-Centered Outcomes Research Institute. Federal law imposes a small annual fee on most health plans that include medical benefits in order to raise revenue to finance the Institute’s work. See our blog for details on which employer-sponsored plans are subject to the PCORI fee, how to calculate the 2017 amount, complete Form 720, and make payment.
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ThinkHR customers can find a wealth of information about the PCORI fee and other ACA requirements by logging on to Comply.
About Kathleen A. Berger, CEBS
Kathy Berger is ThinkHR’s principal benefits consultant. She is a Certified Employee Benefits Specialist (CEBS) with over 25 years of experience working with brokers and employers. Kathy uses her extensive knowledge of ERISA, HIPAA, the ACA, and other benefits laws and regulations to assist our clients with practical information in clear language.