Human Resources
PCORI Fee Due July 31; IRS Updates Form 720

PCORI Fee Due July 31; IRS Updates Form 720


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Without much fanfare, the Internal Revenue Service (IRS) published the long-awaited update to Form 720 on June 3, 2013. Plan sponsors of applicable self-insured health plans and health insurance issuers must pay the first annual Patient-Centered Outcomes Research Institute (PCORI) fee by July 31, 2013 for the plan year ending in 2012. The annual fee is paid using IRS Form 720 “Quarterly Federal Excise Tax Return.”

The Aon Hewitt bulletin below discusses the updated form and PCORI fee.

Download PCORI Fee Due July 31; IRS Updates Form 720