All of us are becoming more familiar with the mandated Health Care Bill. Below is information which arrived in my inbox this AM. Not sure of all the particulars yet, will include in the blog, once I'm 100% sure of what is expected.
Patient-Centered Outcomes Research Institute Fee
The Affordable Care Act imposes a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fee, required to be reported annually on the second quarter Form 720 and paid by its due date, July 31, is based on the average number of lives covered under the policy or plan.
The fee applies to policy or plan years ending on or after October 1, 2012, and before October 1, 2019.
To learn more visit this page on the IRS web site: Patient-Centered Outcomes Research Institute Fee
