The fee for February through October effective dates is $2.17 (last year’s rate). The fee for those with November, December, or January effective dates is this year’s fee of $2.26.
You need to calculate the average number of lives (employees and all dependents) over the plan year that ended in 2016. There are several allowable estimation methods for arriving at this average.
Employers must submit payment for the PCORI fee along with the IRS Form 720. All Fall River clients who need to remit the PCORI fee were emailed detailed instructions and assistance several weeks ago. For other employers here are the instructions for filing links.
Let us know if you need help complying with this requirement, as the deadline is right around the corner!
