Although a number of Affordable Care Act (ACA) taxes/fees were repealed by the 2019 SECURE Act (see – https://smstevensandassociates.com/aca-taxes-repealed/) , the PCORI fee (also known as the Comparative Effectiveness Research Fee (CERF)) was not, and was in fact extended for an additional 10 years. So in addition to plan years ending prior to October 1, 2019, the PCORI fee will now apply to plan years ending in 2020-2029.
In light of the COVID-19 pandemic, the Departments of Health/Human Services, Labor and Treasury (DHS, DOL & DOT), along with the IRS have issued (April 29, 2019) guidance that extends many of the deadline dates associated with various employee benefits related time frames.
There is never a dull moment in congress, particularly as it relates to healthcare reform! While we have been reading and hearing, for most of the year, about congressional efforts to eliminate so called “surprise medical bills”, and reduce escalating drug prices, what we ultimately got were ACA tax cuts. In total, $373 billion worth of ACA related tax cuts are coming as a result of the House and Senate passed spending/funding bill.
Both the pace and scope of changes in the healthcare/health insurance space accelerated this past week (7/15/19-7/19/19) with several important developments. Here’s a recap of what all took place…