Notice 2015-60: Self-insured health insurance annual fee

Self-insured health insurance annual fee

Notice 2015-60, set to appear in the edition of the Internal Revenue Bulletin on Monday, October 26, 2015, provides that $2.17 is the dollar amount to be used for purposes of determining fee (excise tax) imposed by sections 4375 and 4376 for policy years and plan years that end on or after October 1, 2015, and before October 1, 2016.

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Read Notice 2015-60 [PDF 18 KB] that also appears in IRB 2015-43.

Summary

Sections 4375 and 4376 impose the Patient-Centered Outcomes Research Institute (PCORI) fee on issuers of a health insurance policy and on plan sponsors of applicable self-insured health plans for each plan year ending after September 30, 2012, and before October 1, 2019. 

The fee imposed by sections 4375 and 4376 is calculated using the average number of lives covered under the policy or plan, and the applicable dollar amount for that policy year or plan year. 

Last year, the fee was $2.08. 

With today’s release, Notice 2015-60 provides that the applicable dollar amount years that end on or after October 1, 2015, and before October 1, 2016, is $2.17. 

The fee is reported and paid with a Form 720, filed each July and based on the number of lives covered. 

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