PCORI Fee and Filing Deadlines Released for 2024-2025
The PCORI fee established by the ACA helps fund research to evaluate and compare health outcomes, clinical effectiveness, risks, and benefits of medical treatment and services.
Published: 12.16.2024
The Patient-Centered Outcomes Research Institute (PCORI) fee established by the Affordable Care Act helps fund research to evaluate and compare health outcomes, clinical effectiveness, risks, and benefits of medical treatment and services. The fee is currently in place through 2029. In Notice 2024-83, the IRS announced that the PCORI fee for plan years ending between October 1, 2024, and September 30, 2025, is $3.47. This is an increase from the $3.22 payment for policy or plan years that ended between October 1, 2023, and September 30, 2024. Employers and plan sponsors with self-funded plans are typically responsible for submitting IRS Form 720 and paying the PCORI fee by July 31 of the calendar year immediately following the last day of the plan year, meaning that payments for plan years that end in 2024 will be due in July of 2025.PCORI fees for self-funded plans are assessed on all covered lives, not just on employees. Plan sponsors can use one of three methods to calculate the average number of covered lives for the fee: the actual count method, the snapshot method, and the Form 5500 method. The fee for employers with fully-insured plans is assessed per employee, as opposed to per covered life. Many fully-insured employers do not need to take any action, as the insurer will submit the payment on their behalf. However, remember that fully-insured employers with self-funded HRAs must pay the fee for each employee covered under the account.
| PCORI Filing and Payment Date Deadlines for 2025 | ||
| Plan Year End Date | PCORI Fee Rate | Filing and Payment Date |
| January 2024 | $3.22/covered life | July 31, 2025 |
| February 2024 | $3.22/covered life | July 31, 2025 |
| March 2024 | $3.22/covered life | July 31, 2025 |
| April 2024 | $3.22/covered life | July 31, 2025 |
| May 2024 | $3.22/covered life | July 31, 2025 |
| June 2024 | $3.22/covered life | July 31, 2025 |
| July 2024 | $3.22/covered life | July 31, 2025 |
| August 2024 | $3.22/covered life | July 31, 2025 |
| September 2024 | $3.22/covered life | July 31, 2025 |
| October 2024 | $3.47/covered life | July 31, 2025 |
| November 2024 | $3.47/covered life | July 31, 2025 |
| December 2024 | $3.47/covered life | July 31, 2025 |
