PCORI Fee Filing Made Simple with Excise720 Everything You Need to Know About PCORI Fees and Form 720 Filing
Businesses that sponsor self-insured health plans often have important federal tax reporting obligations, including the Patient-Centered Outcomes Research Institute (PCORI) fee. While the filing requirements may seem straightforward, many employers and plan sponsors find themselves confused about deadlines, calculations, and IRS filing procedures.
Fortunately, Excise720 provides a fast, secure, and IRS-authorized solution for filing PCORI fees online through Form 720.
What Is the PCORI Fee?
The Patient-Centered Outcomes Research Institute (PCORI) fee was established under the Affordable Care Act (ACA) to fund research that helps patients and healthcare providers make informed medical decisions.
The fee applies to:
Self-insured health plans
Health Reimbursement Arrangements (HRAs)
Certain employer-sponsored health plans
Plan sponsors are required to calculate and report the PCORI fee annually using IRS Form 720, Quarterly Federal Excise Tax Return.
Who Must Pay the PCORI Fee?
Generally, employers and organizations that maintain self-insured health plans are responsible for paying the PCORI fee. This includes:
Private employers
Government employers
Nonprofit organizations
Organizations offering Health Reimbursement Arrangements (HRAs)
Insurance companies typically pay the fee for fully insured health plans, while employers pay the fee for self-insured arrangements.
How Is the PCORI Fee Calculated?
The PCORI fee is based on the average number of covered lives under the plan during the policy year.
The IRS allows several methods for determining the average number of covered lives, including:
Actual Count Method
Snapshot Method
Form 5500 Method
Using the correct calculation method is essential to ensure compliance and avoid filing errors.
Why File PCORI Fees Through Excise720?
IRS-Authorized E-Filing
Excise720 is an IRS-authorized e-file provider that allows businesses to submit Form 720 electronically with confidence.
Quick and Easy Filing
The platform simplifies the entire filing process by providing step-by-step guidance, helping users complete their PCORI fee filing in just a few minutes.
Accurate Calculations
Excise720 helps eliminate common filing mistakes through built-in validation checks and automated calculations.
Secure Submission
All taxpayer information is protected through advanced encryption and secure IRS-approved transmission methods.
Real-Time Filing Status
Users receive instant confirmation and can track their filing status directly through the Excise720 dashboard.
Common PCORI Filing Mistakes to Avoid
Many organizations encounter issues when filing PCORI fees. Common mistakes include:
Using incorrect covered-life counts
Missing annual filing deadlines
Reporting fees on the wrong tax forms
Miscalculating average covered lives
Filing incomplete Form 720 returns
Using a specialized filing platform like Excise720 helps reduce these risks and ensures accurate submission.
Affordable PCORI Filing Solution
Excise720 offers a dedicated PCORI Fee Filing package for only $39.95.
This package includes:
Complete PCORI fee preparation
IRS electronic filing
Confirmation email after submission
Customer support assistance
Secure online filing process
The pricing is transparent with no hidden fees, making it an affordable solution for businesses of all sizes.
Benefits of Filing PCORI Fees Online
Electronic filing provides several advantages over paper filing:
Faster IRS processing
Reduced filing errors
Secure document transmission
Immediate filing confirmation
Easy record retention
Convenient online access
With Excise720, businesses can complete their PCORI filing from anywhere without mailing paper forms or manually tracking submissions.
Stay Compliant with Excise720
PCORI fee reporting is an important annual compliance requirement for many employers and plan sponsors. Missing deadlines or filing incorrect information can result in unnecessary penalties and administrative burdens.
Excise720 simplifies the process by providing an easy-to-use, IRS-authorized platform specifically designed for Form 720 and PCORI fee filing. Whether you're filing for a small business, nonprofit organization, or large employer-sponsored health plan, Excise720 helps ensure accuracy, security, and compliance.
File Your PCORI Fee Today
Don't wait until the deadline approaches. File your PCORI fee quickly and securely with Excise720. Our platform provides everything you need to prepare, submit, and track your Form 720 filing with confidence.
Visit Excise720.com today and experience the easiest way to file your PCORI fee online.