When the IRS released the final PCORI fee for the remaining plan years it is due for, all indications were that all fees would be due on the Form 720 that is due by July 31, 2019. However, the IRS has since updated the fee schedule to align with the initial requirement that the payment is due by July 31st of the year following the last day of the policy or plan year. This means that some plan years will pay their PCORI fee in the Form 720 that will be due by July 31, 2020. The chart below reflects the updated due dates.
Please contact your Assurance representative if you have any questions.