Take the Complexity Out of PCORI Fee Filing – Quick, Accurate, and Secure

  • Upload all your staff details at once, avoiding the need for tedious manual calculations.
  • With automatic validation and proper calculations, you will always be in compliance with IRS regulations.
  • All your filings are saved safely, with instant confirmation from the IRS on submission.
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Roles of HR Professionals in PCORI Filings

Handling Employee Information
The HR must ensure the correct information is collected for all employees and the plan participants. Collecting data in its correct form helps in calculating the PCORI fee correctly.
Plan End Year Management
Each health plan has an ending date known as the policy end year. It is necessary to take care of the plan years while calculating the fee amount.
Overseeing Fee Calculations
The HR must oversee the calculations made for each individual covered under the plan. This helps prevent any errors while filing the fee.
Preparing Bulk Filings
All the collected information should be aggregated into the proper format before filing in bulk. It helps in reducing the mistakes at the time of filing.
Maintaining Documentation
It is necessary to maintain the records of all filings that were completed by the organization. It becomes necessary for further audits and references.
Working with Finances Team
Cooperation must be maintained with the finance team for checking the plan information and payments to avoid misfiling problems

Challenges Faced by Benefits Manager While Filing PCORI Fee

Claim Refunds or Credits
Precise Computation
The process of computing fees manually for numerous individuals is a difficult process. The slightest error could result in penalties from the IRS due to underpayment.
Preventing Double Taxation
Processing Large Quantities of Data
It becomes a tedious process trying to organize hundreds or even thousands of people's data. Organizing it properly is key.
Adherence to IRS Regulations
Data Organization and Accessibility
Organizing previous submissions and data on employees is a daunting task. HRs should have access to that information for auditing purposes.
Financial Savings
Correct Application of Fee Rate
There are different rates according to plan year. Computing these manually creates room for errors.
Streamlined Tax Processes
Avoidance of Errors and Validation
Errors can only be detected after submission. It becomes hard to organize the submission process.

Our PCORI Submission Portal Tailored for HR Professionals & Benefits Manager

1. Bulk Upload
Bulk upload facility is provided for uploading employee data across different plans together. It enables the HRs to upload data in bulk without compromising on accuracy. The template for bulk uploads can easily be downloaded from the portal.
2. Auto Calculation
The system calculates the PCORI fees automatically based on the plan year and covered lives. No more manual calculation of fees by HRs.
3. Secure Record Keeping
All records are kept secure in the system. Any historical record can be accessed at any time by the HRs for auditing or other purposes.
4. In-built Validations
Simple720 carries out automatic validations and flags errors in the data entered by the user. Basic errors can be easily corrected before submitting the record.
5. Appropriate Fee Calculation
The system ensures the right PCORI fee for every plan year used. HRs can have confidence in every report generated.

Simple Steps to File PCORI Fee with Simple720

STEP 1
Log In and Add Company Information
Log in toSimple720, and enter all information regarding the business to make sure that the filing is linked to the correct company.
Filing Steps Image 1
Filing Steps Image 2
STEP 2
Provide Information About Employees and Plan
Provide the total number of employees (Average number of lives covered) and choose the appropriate year of plan or policy termination date so that Simple720 can calculate the fee.
STEP 3
Verify and Submit Your Filing
Review your automatic fee calculation for the PCORI fee and submit your filing to the IRS. Make the payment online and receive instant acknowledgment of submission.
Filing Steps Image 3

Benefits HR Professionals Gain Filing with Simple720

Eliminates Errors
There will be no room for human error in filing with automated validation and calculations.
Saves Time and Effort
With bulk upload and auto calculations, you save time and effort in your administrative work. HRs will have more free time to do more important work.
Enhanced Reporting and Analysis
Reporting and analysis will allow you to track compliance and fees as well as budget plans.
Security of Data
Filing data is kept safe in our storage facility at all times. HRs have full visibility over historical submissions and approvals.

Frequently Asked Questions

You receive confirmation immediately once the IRS approves your filing. In most cases, it is processed within a few minutes.

Yes, Simple720 is an AICPA SOC 2 compliant website. Your data will be encrypted and will be stored in a very safe manner.

Simple720 has various subscription packages, which are economical and money-saving. It will make multiple filing processes easier.
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What Clients Are Saying

Manage your PCORI filings efficiently and accurately for your entire workforce.
Reduce manual errors and save valuable HR time with automated bulk filing.

File PCORI Fee Online Now
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