Today’s update is about the Comparative Effectiveness Fee for 2017/2018 plan years. The Internal Revenue Service recently released the Comparative Effectiveness Fee for the 2017/2018 plan years:
- For plan/policy years ending October 1, 2017 and before October 1, 2018 the annual fee is $2.39 multiplied by the average number of covered lives.
For an overview of the requirement, click the link here for more information.
Please note that EBS is sharing this information to assist you with your compliance planning. We recommend that you contact your legal counsel with specific questions relating to this law.
Ellen E. McPherson
Employee Benefits Solution