June 10, 2014

Comparative Effectiveness Fee Reminder

Related Service Tax & Business

Comparative Effectiveness Fee Reminder Tax & Business
Research Fee – Filing Reminder

The Research Fee filing deadline is July 31, 2014 for all selffunded medical plans and HRAs.

This is the second filing for plans with the following plan years:
November 1, 2012 – October 31, 2013;
December 1, 2012 – November 30, 2013;
January 1, 2013 – December 31, 2013.
The amount for these plan years is $2 per covered life.

 

This is the first filing for plans with the following plan years:
February 1, 2012 – January 31, 2013
March 1, 2012 – February 28, 2013
April 1, 2012 – March 31, 2013
May 1, 2012 – April 30, 2013
June 1, 2012 – May 31, 2013
July 1, 2012 – June 30, 2013
August 1, 2012 – July 31, 2013
September 1, 2012 – August 31, 2013
October 1, 2012 – September 30, 2013
The amount for these plan years is $1 per covered life.

The information is reported in Part II.

It should be noted that Form 720 is a tax form (not an informational return form such as Form 5500). As such, the employer or an accountant would need to prepare it. Parties other than the plan sponsor such as third party administrators and brokers cannot report or pay the fee.