Employers who sponsor self-insured coverage—including health reimbursement arrangements (HRAs) and certain flexible spending accounts (FSAs)—are responsible for filing and paying the Patient-Centered Outcomes Research Institute (PCORI) fee by July 31st of the calendar year following the end of the applicable plan year.
The fee is paid as an excise tax, submitted to the IRS once per year on the second quarter Form 720. The fee amount is based on the average number of covered individuals for the applicable plan year. The per-participant fee is adjusted each year for inflation.
The PCORI fee amounts for 2025 filings are as follows:
For plans that ended January 1, 2024 through September 30, 2024, the fee is $3.22 per covered life
For plans that ended October 1, 2024 through December 31, 2024, the fee is $3.47 per covered life
The current Instructions to Form 720 are available here, and the IRS website has a page dedicated to the PCORI fee, here.
Please Note: Marshall+Sterling will provide participant counts and detailed instructions for making payment to our affected clients to assist with this filing. You will be contacted directly with this information shortly, if applicable.
Please note: The information contained above is for general informational purposes only and does not constitute legal advice.
