An updated version of the FAQ about the PCORI fee is now available. While no significant updates have occurred since the fall of 2015, further resources have been provided to enhance the document.
The IRS has yet to update the Form 720 instructions with the PCORI fee figures that employers will be paying in 2016 ($2.08 and $2.17) and the form still shows the 2015 fee amounts of $2.00 and $2.08, despite being updated in January 2016. The IRS has been historically slow at updating this form prior to July 31. Employers should ensure they pay the correct amount in 2016. If you would like the update, please contact us.