The Affordable Care Act (ACA) established the Patient Centered Outcomes Research Institute (PCORI) as a private, nonprofit corporation to advance comparative clinical effectiveness research and to make available the findings of this research to assist patients, clinicians and health care policy makers in making informed health decisions. Comparative effectiveness research focuses on clinical effectiveness and health outcomes. It does NOT focus on cost effectiveness.
In addition, the ACA added a new section to the Internal Revenue Code to establish the PCORI Trust Fund as the funding source for the PCORI and additional new sections to impose fees on health insurers and self-insured health plan sponsors to finance the PCORI Trust Fund:
Patient Centered Outcomes Research Institute (PCORI) Trust Fund Fees:
Fee Amounts are also based on the Plan Year End Date:
Remitting the PCORI Fee:
You will not be invoiced for the PCORI Fee. You are required to file federal excise tax return Form 720 along with related payment voucher Form 720-V. In addition, instructions are available on how to fill out the form and calculate the fee.
Third-party administrators are prohibited under the health reform law from remitting the fee on your behalf.
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