Employers with self-funded health plans (including HRAs) ending in 2020 should use the 2nd quarter Form 720 to file and pay the PCOR fee by August 2, 2021. The information is reported in Part II.
Please note that Form 720 is a tax form (not an informaiton return form such as Form 5500). As such the employer, accountant or payroll tax service needs to prepare it. Other parties, e.g. the broker, cannot report or pay the fee.
For plans with plan years November 1, 2019-October 31,2020, December 1, 2019 through November 30, 2020 and January 1, 2020-December 31, 2020 the fee is $2.66/covered life/year.
