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Board approves $1,975 PCORI excise tax filing for county health plan
Summary
The Cerro Gordo County Board of Supervisors approved filing the federal PCORI excise tax for its self-insured health plan; the presenter said the fee is $3.40 per member, equating to $1,975, and must be filed by the end of July for the preceding year.
The Cerro Gordo County Board of Supervisors on July 13 approved the county's federal PCORI excise-tax filing for its self-insured health plan.
A presenter explained that PCORI, the Patient-Centered Outcomes Research Institute, levies an excise tax on entities with self-insured or partially self-insured plans and that the tax is calculated per average plan member. "This year, the fee is $3.40 per member, which equates to $1,975," the presenter said, and noted the return must be filed by the end of July for the preceding plan year.
Board members moved to approve the filing as presented and the motion was carried by voice vote. The board did not record a roll-call vote or identify individual yes/no votes in the transcript; names were not specified.
The filing completes the county's annual compliance step for the PCORI requirement; staff indicated the return will be submitted before the end-of-July deadline.
