An employer that is liable for, or responsible for collecting, certain federal excise taxes must file Form 720 with the IRS for each quarter of a calendar year. Sponsors of self-insured health plans and health insurance issuers must report the Patient-Centered Outcomes Research Institute (PCORI) fee on Form 720 annually by July 31.
Entities that provide prescription drug coverage to Medicare Part D-eligible individuals must disclose to the Centers for Medicare and Medicaid Services (CMS) whether coverage is "creditable prescription drug coverage."