Primary Department: Human Resources and Talent
Primary Department Head/Elected Official: Andrea Coughlin Rowley, Chief People Officer
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Financial Authorization
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption): Affordable Care Act Patient-Centered Outcomes Research Institute Fee
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Request for approval to submit the annual Patient-Centered Outcomes Research Institute report and payment in the estimated amount of $154,706.48 to the Internal Revenue Service in compliance with the Affordable Care Act.
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Background and Discussion:
The Affordable Care Act assesses an annual fee on issuers of health insurance policies and certain self-insured health plans to help fund the Patient-Centered Outcomes Research Institute (P-CORI). The Institute was established to research and assist patients, clinicians, purchasers, and policymakers in making informed health decisions by advancing the quality and relevance of evidence-based medicine. The fee must be reported annually on the second-quarter Internal Revenue Service Form 720 (Quarterly Federal Excise Tax Return) and paid by July 31st.
Expected Impact:
For plan year 2025, the fee is approximately $154,706.48 and is based on $3.47 per the average number of covered lives during the plan year and includes all active employees, retirees, dependents and COBRA participants for all entities covered under the medical plan (Harris County, Harris County Flood Control District, Greater Harris County 9-1-1 Emergency Network, Harris ...
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