Was the PCORI fee extended?

116-94), signed into law on December 20, 2019, has extended the Patient-Centered Outcomes Research Trust Fund fee imposed by Internal Revenue Code sections 4375 and 4376 for 10 years. As a result of this extension, the Patient-Centered Outcomes Research Trust Fund fee will continue to be imposed through 2029.

Are PCORI fees due 2021?

The PCORI fee payment deadline is July 31, 2021 for plan years that end in 2020. However, since the due date for 2021 falls on a Saturday, the traditional July 31 due date is extended to the next business day, which is August 2, 2021. The PCORI fee due differs based on the employer’s plan year(s).

When did the PCORI fee start?

Oct. 1, 2012
These fees are widely known as PCORI fees, although they may also be called PCOR fees or comparative effectiveness research (CER) fees. The fee originally applied to policy or plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2019.

What is the 2020 PCORI fee?

The Patient-Centered Research Institute (PCORI) fee rate for policy plan years that end on or after October 1, 2020 and before October 1, 2021 is $2.66 per covered individual.

What is the PCORI tax?

The fee, called the Patient-Centered Outcomes Research Institute (PCORI) fee, is calculated based on the average number of lives covered under the policy or plan. PCORI fees are reported and paid annually using IRS Form 720 ( Quarterly Federal Excise Tax Return).

When are PCORI fees due?

PCORI Fees are due July 31 2020 UPDATED 6/8/20 & 6/10/20 with newly released PCORI Fee Rates for plan years ending after October 2019.

When is the PCORI fee due?

For non-calendar year plans that ended between January 1 – September 30, 2019, PCORI fees will be due on July 31, 2020. The payment amount due according to current guidance is $2.45 per person based on the average number of covered lives under an applicable health plan.

Is the PCORI fee ending?

New PCORI Fee for Plan Years Ending. The IRS announced in Notice 2018-85 that the adjusted applicable amount for the Patient-Centered Outcomes Research Institute (PCORI) fee for policy or plan years ending on or after October 1, 2018, and before October 1, 2019, will be $2.45.