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EXCISE TAX ON HEALTH INSURANCE PLANS

There is a tax that is required under the Affordable Care Act on employers who provide a self-insured health plan (commonly referred to as medical reimbursement plans or health reimbursement arrangements).

If you sponsor a medical expense reimbursement plan or health reimbursement plan, talk with the administrator of your plan to see if the Patient Centered Outcomes Research Institute (PCORI) tax applies to your plan, and if the administrator is handling the filing of the required forms.

This excise tax requires a filing of Form 720 and usually a small payment, due July 31 of each year.

If you have any questions, please feel free to call our office.

What Others Say

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