Form 720 and PCORI fee FAQs

Mardy Gould • May 23, 2024

If you're a small business owner, you may have heard of the acronym PCORI and the fees that come with it. But what is PCORI, and how does it apply to your organization?

Under the Affordable Care Act (ACA), sponsors of self-insured health plans must pay a fee to fund the federal Patient-Centered Outcomes Research Institute (PCORI). PCORI is an independent organization the ACA created to conduct research to help healthcare consumers make better decisions for their specific needs and outcomes. It also performs research related to clinical effectiveness.

Employers offering a self-insured medical reimbursement health plan, such as a health reimbursement arrangement (HRA), must pay this fee by July 31 each year via Form 720 1 . This fee was initially set to expire in 2019, but Congress extended it through September 30, 2029 2 , due to the Further Consolidated Appropriations Act of 2020 3 .

Employee burnout: what it is and how to prevent it

By Mardy Gould • May 24, 2024
Employee burnout has become an epidemic in today’s modern workplace. So much so that the World Health Organization (WHO) officially recognizes it as an “occupational phenomenon.”1 While many used to consider mounting workplace stress an individual employee problem, these days, it’s become an employer’s responsibility to prevent burnout before it hurts productivity and business performance—not to mention your employees’ physical and mental health. Luckily, you can prevent burnout from affecting your workforce in several ways. This article will explore the causes and signs of employee burnout and the steps you can take to create a positive work environment where employees feel safe from toxic stress levels.

The top five types of employee benefits

By Mardy Gould • May 21, 2024
Employee benefits are important for enhancing job satisfaction and engagement within an organization. From health insurance to retirement plans, employers can offer several common types of benefits to their employees. However, not all employee benefits are created equal. Based on results from PeopleKeep's 2024 Employee Benefits Survey, we've compiled a list of the top five types of benefits that are most important to employees. In this article, we'll cover which employee benefit offerings give the best return on investment. By offering these benefits, employers can create a more attractive and competitive benefits package that will help them stand out in the labor market.
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