Department: Human Resources and Risk Management
Department Head/Elected Official: Shain Carrizal
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
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for approval to submit the annual Patient-Centered Outcomes Research Institute report and payment in the estimated amount of $125,577 to the Internal Revenue Service in compliance with the Affordable Care Act.
end
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 is required to 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 the plan year ending February 28, 2023, the fee is approximately $125,577 and is based on $3.00 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 County Community Supervision & Corrections, Harris County Sports & Convention Corporation, and Harris County Housing Authority). The fee will be paid from the Health Insurance Fund.
Alternative Options: N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
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Date |
Agenda Item # |
Action Taken |
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Location:
Address (if applicable): N/A
Precinct(s): Countywide
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Fiscal and Personnel Summary |
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Service Name |
Benefits & Wellness |
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Current Fiscal Year Cost |
Annual Fiscal Cost |
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Labor |
Non-Labor |
Total |
Recurring Expenses |
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Funding Sources |
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Existing Budget |
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Other |
$ |
$125,577 |
$125,577 |
$135,000 |
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Choose an item. |
$ |
$ |
$ |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Total Current Budget |
$ |
$125,577 |
$125,577 |
$135,000 |
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Additional Budget Request (Requires Fiscal Review Request Form) |
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Choose an item. |
$ |
$ |
$ |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Total Additional Budget Request |
$ |
$ |
$ |
$ |
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Total Funding Request |
$ |
$125,577 |
$125,577 |
$135,000 |
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Personnel (Fill out section only if requesting new PCNs) |
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Current Position Count for Service |
- |
- |
- |
- |
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Additional Positions Request |
- |
- |
- |
- |
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Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: June 25, 2024
Anticipated Implementation Date (if different from Court date): N/A
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Bridgett Sweeny, Finance Director, Human Resources & Risk Management
Attachments (if applicable): N/A