July 2, 2023

PCORI fees for plan years ending between January 1, 2023, to December 31, 2023, are due by July 31, 2024. The PCORI fee is filed using IRS Form 720.

December 20, 2023

On October 18, 2023, the IRS issued Notice 2023-70, announcing the adjusted applicable dollar amount for determining the Patient-Centered Outcomes Research Trust Fund (PCORTF) fee for policy years and plan years ending on or after October 1, 2023, and before October 1, 2024.

February 17, 2021

The IRS has released Notice 2020-84, updating the amount of the Patient-Centered Outcomes Research Institute (PCORI) fee that self-insured health plans must pay for plan years ending on or after October 1, 2020, and before October 1, 2021. PCORI fees are due by July 31 of the year following the end of the plan year.

June 11, 2020

Employer Payments Due by July 31, 2020

A less-talked-about piece of the SECURE Act was the extension of PCORI fees to continue through plan years ending before October 2029. On June 8, 2020, the IRS announced an increase to the PCORI fee amount to be paid by plan sponsors with a plan year end date between October 1, 2019 and December 31, 2019.

May 17, 2018

To support research on healthcare plans, including Flexible Spending Accounts (FSA) and Health Reimbursement Arrangements (HRA) that are not excepted benefits, employers are required to file and pay applicable PCORI fees using IRS Form 720 by July 31, 2018 for plan years that ended January 1, 2017 through December 31, 2017.