With August 1 on the horizon, some employers will need to file an IRS Form 720 and submit the applicable payment for their Patient Centered Outcomes Research Institute (PCORI) fees. Employers with self-funded health plans and those with HRAs are generally responsible for filing and paying the fee. Employers with fully-insured health plans are generally not responsible for the filing or paying, unless they also sponsor an HRA.
The fee is normally due by July 31 each year for a plan that ended in the preceding calendar year, but because that date falls on a Sunday in 2016, it will not be due until August 1.
Remember, the cutoff for figuring the amount you may owe is determined by the month and year in which your plan ends, not when it begins. For example, a plan or policy that renewed on January 1, 2016 technically ended on December 31, 2015 and would owe $2.17 per member.
More information about what types of plans are required to file, who is responsible for the filing/payment and when the filings must be submitted can be found in these documents:
ACA Overview: PCORI Fees
PCORI Filing Due Dates and Applicable Rates