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Agent News

  • PCORI Fees Due July 31, 2014

    The Affordable Care Act (ACA) requires health insurance issuers and sponsors of self-insured health plans to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return).

    PCORI fees are due by July 31, 2014, for plan years ending in 2013. The IRS provided instructions for filing form 720, which include information on reporting and paying the PCORI fees.


Client News

  • Benefits Buzz Newsletter – July 2014


    On May 13, 2014, the Internal Revenue Service (IRS) released FAQs addressing the dependent coverage requirement of the employer shared responsibility rules.

    The IRS stated that an employer may be liable for an employer-shared responsibility penalty only if a full-time employee receives a premium tax credit for Exchange coverage. Whether or not a full-time employee’s dependents receive a premium tax credit does not affect an employer’s liability.