Reminder: PCORI Fee Due July 31 – NRECA Employee Benefits Weekly

The annual fee to fund the Patient-Centered Outcomes Research Institute (PCORI), known as the PCORI fee, is due by July 31, 2022, for the 2021 plan year. Sponsors of fully-insured health plans as well as certain self-insured health plans, including health reimbursement arrangements (HRA) and non-HIPAA-excepted 125 plan health flexible spending accounts (health FSA) must pay the fee.

For NRECA health plans and co-op-sponsored HRA and health FSA plans:

NRECA, as the plan sponsor, reports and pays the PCORI fee for the NRECA Medical Plan.
Cooperatives, as plan sponsors, report and pay the PCORI fee for their HRA and non-HIPAA-excepted health FSA plans. A non-HIPAA-excepted health FSA is a plan that has an employer contribution of more than $500, and the employer and employee contributions aren’t equal to a one-to-one match.

The fee for the 2021 plan year is $2.79 per covered plan participant (up from $2.66).

For more information and resources, visit the PCORI Fee page on the BA Guide.