IRS releases 2016 PCORI fee

The IRS has provided the adjusted applicable dollar amount to be multiplied by the average number of covered lives for purposes of the fee imposed by Code Secs. 4375 and 4376 on the issuer of a specified health insurance policy for policy years and plan years that end after September 30, 2012, and before October 1, 2019. The fee helps to fund the Patient-Centered Outcomes Research Institute (PCORI).

Based on the percentage increase in the projected per capita amount of the National Health Expenditures published by HHS on July 22, 2015, the applicable dollar amount that must be used to calculate the fee imposed for policy years and plan years that end on or after October 1, 2015, and end on or before October 1, 2016, is $2.17.

SOURCE: Notice 2015-60, October 12, 2015.

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