Filed Under:Markets, Employee Benefits

IRS completes health research fee regulations

Treasury Secretary Timothy Geithner (AP Photo/Manuel Balce Ceneta)
Treasury Secretary Timothy Geithner (AP Photo/Manuel Balce Ceneta)

The Internal Revenue Service (IRS) has tried to give insurers and plans a little temporary help in paying the new Patient-Centered Outcomes Research Institute (PCORI) tax.

Drafters of the Patient Protection and Affordable Care Act (PPACA) created the PCORI tax, which will start at $1 or $2 per insured individual, to pay for the cost of running a research institute that will try to analyze whether various medical treatments provide enough value to justify their cost.

The regulations are supposed to take effect immediately and apply to plan years that end on or after Oct. 1, 2012, and before Oct. 1, 2019.

The regulations implement three sections added to the Internal Revenue Code (IRC) by PPACA -- IRC Section 4375, IRC Section 4376 and IRC Section 4377

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Nichole Morford

Nichole Morford
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