This is a reminder that, if you have established a Health Reimbursement Arrangement (HRA) that is utilized to fund deductibles or co-insurance under your medical plan, check with your accountant about the mandated annual fee that is due on July 31st.
The fee is either $1 or $2 per person($2 for the second filing; $1 for the first filing depending on plan year, see below)and does NOT apply to Flexible Spending Accounts/Health Care Spending Accounts that are funded solely with employee contributions.
Utilize form 720 (Quarterly Federal Excise Tax Return) with the information report in Part II. Visit http://www.irs.gov/uac/Form-720,-Quarterly-Federal-Excise-Tax-Return
Second filing for plans with the following plan years: 11/1/12-10/31/13; 12/1/12-11/30/13; 1/1/13-12/31/13
First filing for plans with the following plan years: 2/1/12-1/31/13; 3/1/12-2/28/13; 4/1/12-3/31/13; 5/1//12-4/30/13; 6/1/12-5/31/13; 7/1/12-6/30/13; 8/1/12-7/31/13; 9/1/12-8/31/13; 10/1/12-9/31/13