Posts Tagged: PCOR

Never Fear, PCOR is Here

in Affordable Care Act

Just like a hero from the latest Star Trek-themed training video, the IRS has released additional PCOR guidance just in time to save the world. As many of you know, PCOR stands for the Patient Centered Outcome Research (PCOR) Fee that is paid annually. The fee is $1.00 per covered life this first year, and $2.00 per covered life for later years. The fee is paid on IRS Form 720 by July 31st of each year. Earlier today, the IRS released an updated Form 720, along with updated instructions. The forms and instructions are also linked below. Employers have less… Continue Reading

PCOR and Reinsurance Fees

in Affordable Care Act

Yesterday I spoke at the 2013 Legislative Meeting of the Society of Professional Benefit Administrators (SPBA) here in Washington DC. One of my co-speakers was Dr. Sharon Arnold from CCIIO – one of the architects of the reinsurance fee program. We were very honored to have such a high-level and knowledgeable person on the panel. The meeting also featured representatives from the IRS discussing the Patient Centered Outcome Research (PCOR) Fee. My discussion focused on the differences between the PCOR Fee and the transitional reinsurance fee. Many of you have already seen and enjoyed our comparative chart (attached). Two quick… Continue Reading

Final PCOR Fee Regulations

in Affordable Care Act

Yesterday the IRS released final regulations regarding the PCOR fee that applies to insured and self-insured health coverage. The PCOR fee is intended to fund research and other grants. The final regulations adopted the proposed regulations, but the final regulations do provide additional details on certain types of questions, including the following – • COBRA coverage is included in determining the PCOR fee. • A self-insured plan can exclude coverage provided through insured options in calculating the fee. • Only US residents are included in the PCOR fee, who are persons with a place of abode in the United States…. Continue Reading

PCOR Fee Proposed Regulations

in Affordable Care Act, Tax Issues

Yesterday, Treasury released proposed regulations that establish standards for the PCOR Excise Tax.  The PCOR Excise Tax impose fees on issuers of certain health insurance policies and self-insured plan sponsors.  The fees are to be used to fund the Patient-Centered Outcomes Research (PCOR) Trust Fund.  The excise tax must be paid for plan years that end after October 1, 2012, but the proposed regulations contain special rules for plan years currently in existence. The proposed regulations can be found here https://s3.amazonaws.com/public-inspection.federalregister.gov/2012-09173.pdf and will be published in the April 17th edition of the Federal Register.