To determine what works in providing medical care, the Affordable Care Act health care reform law created the Patient-Centered Outcomes Research Institute (PCORI). For seven plan years, PCORI will be funded with fees on plan sponsors of self-insured plans, including retiree-only and COBRA plans.
Key: Sponsors of insured plans who offer employees health reimbursement arrangements (HRAs) and certain health flexible spending accounts (FSAs) must also pay fees. Final regulations implementing this provision became effective Dec. 6, 2012, and apply to plan years ending after Oct. 1, 2012, and before Oct. 1, 2019.
Heads up: Calendar year plans must begin to collect data now. (77 F.R. 72721, 12-6-12)
$1 and counting
The fee is $1 per average number of covered lives for plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2013, and $2 for plan years ending on or after Oct. 1, 2013, and before Oct. 1, 2014. After that...(register to read more)