The PCORI Fee must be paid by issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans every year by July 31st until 2029.
The Patient-Centered Outcomes Research Institute (PCORI) is an independent, non-profit organization dedicated to assisting patients and caregivers in making more informed health decisions through research.
The Patient-Centered Outcomes Research Institute (PCORI) is an independent, non-profit research organization created to help patients and those who care for them make better-informed health decisions.
The PCORI Filing must be done by issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans. The PCORI Filing is done with Form 720. Usually, Form 720 Excise tax is filed quarterly, but PCORI filing is required yearly and is due by July 31st every year.
PCORI filing can be done in two ways: manual or online. However, filing online simplifies the process and provides you with additional benefits. Use the coupon code to save money on your filing, available exclusively through the IRS-approved portal Simple720.
1) In general the health insurance providers should pay the PCORI fee for their respective policies. 2) Individual employers should pay the fee for the self-insured plan they are enrolled with. 3) Plan sponsors must pay the fee for their self-insured plan.
When you decide to do PCORI filing online with the IRS-approved portal Simple 720, you may have some questions about making payments online. Here is detailed clarity on how you can do the PCORI filing online. Our portal provides two payment methods
How much is the PCORI Fee for 2024? For each year, the PCORI fee may change, so it is always advised to check the current fee before paying it. The current year is from October 1, 2023, to September 30, 2024. For plans or policy years that fall within this period, the PCORI fee needs to be paid. The PCORI fee for 2024 is $3.22 per covered life.
What are PCORI Fees? PCORI stands for the Patient-Centered Outcomes Research Institute. It is an independent, non-profit research organization established to help address the challenges clinicians and their patients face in getting answers to daily healthcare questions and making better health-related decisions.
PCORI Online vs. Paper - Which is better? Planning to file your PCORI Fee manually? Let’s compare manual vs. online filing to understand which has greater advantages in this blog.