The Patient-Centered Outcomes Research Trust Fund Fee

PCORI FeeThe Patient-Centered Outcomes Research Trust Fund Fee:
PCORTF fee will be collected by the IRS for the first time on July 31,  2013. All questions about this fee should be referred to the Internal Revenue Service.

PCORI is funded through the Patient-Centered Outcomes Research Trust Fund (PCORTF), which was authorized by Congress as part of the Patient Protection and Affordable Care Act of 2010 and receives income from two funding streams:  the general fund of the Treasury and a small fee assessed on Medicare, private health insurance and self-insured plans. PCORI is expected to receive an estimated $3.5 billion from the PCORTF to fund patient-centered outcomes research through September 30, 2019, the date through which the Act authorizes it to remain in operation.

The PCORTF fee will be collected by the IRS for the first time on July 31,  2013. PCORI does not establish, collect or otherwise administer the fee. All questions about this fee should be referred to the Internal Revenue Service. The final regulations addressing the fee provide this IRS contact information:

  •   For self-insured health arrangements: Lisa Mojiri-Azad at 202-622-6080
  •   For health insurance policies (fully insured): Rebecca L. Baxter at 202-622-3970

You may also wish to visit the section of the IRS website  that contains guidance and regulations related to the Patient Protection and Affordable Care Act. The website, under the heading “Patient-Centered Outcomes Research Institute,” also includes the following resources: Questions and AnswersSummary ChartFinal Regulations. The IRS has released a revised version of Form 720 that includes two new lines for the PCORTF fee (one line for plan sponsors of self-insured plans and one line for health insurance issuers). You may also opt to report this fee online using TaxExcise.com an IRS authorized efile service provider. Available at http://www.TaxExcise.com

Call us and Talk to our Tax Consultants +1(866) 245 – 3918 or email to support@TaxExcise.com

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