IRS Increases PCORI/CERF Fee Again
With the release of IRS Notice 2015-60, the IRS provided the adjusted applicable dollar amount for the next filing of the Patient-Centered Outcomes Research Institute fee [Research Fee, PCORI or CERF (Comparative Effectiveness Research Fee)].
The adjusted dollar amount for will increase to $2.17 from plan years November 1, 2015 through October 1, 2016 (that’s up from the prior years’ rate of $2.08).
As you will recall, for self-insured plans and HRAs, the Research Fee is due by July 31st of the calendar year following the end of the applicable plan year. It is paid on the 2nd quarter Form 720 filing. The next payment and filing deadline is July 31, 2016.
PCORI fees are used to fund research on patient-centered outcomes and apply to plan and policy years ending after October 1, 2012 and before October 1, 2019.
For insured plans, the insurer is responsible for paying PCOR fees and reinsurance contributions.
For self-insured plans, PCORI fees are imposed on the plan sponsor and generally cannot be paid from plan assets, while reinsurance contributions are imposed on the plan itself and may be paid from plan assets (if otherwise permitted).
- Prior AP Benefit Advisors Guidance: PCORI or CERF? Whatever you call it, remember that the IRS raised the fee
- (Revised 06/01/2016): Multi-Year Reference Chart