For the year 2025, the applicable fee is $3.47 per covered life. The adjusted applicable dollar amount for the PCORI fee has increased from $3.22 to $3.47 for the period from 2024 to 2025.
The PCORI fee may vary each year, so it is always recommended to verify the current fee before making a payment. For the current period, spanning from October 1, 2024, to September 30, 2025, the PCORI fee applies to all plans or policy years that fall within these dates.
The PCORI fee must be reported and paid using Form 720. There are two methods available for filing:
Manual Filing
Download the latest version of Form 720 from the official IRS website.
Complete the required details for the PCORI fee.
Mail the completed form along with a payment check to the PCORI Mailing Address
Online Filing
Use any IRS-approved online portal to file Form 720.
This method allows you to complete your PCORI filing in just a few minutes.
The IRS strongly recommends using the online filing option, as it is faster, more secure, and more convenient than manual filing.
Explore our blog on PCORI Online vs Paper Filing to discover why the online method is a superior choice for filing your PCORI fee. Learn about its advantages, including speed, convenience, and security, compared to the manual filing process.
WRAP:
After reading the blog, you will gain a clear understanding of the PCORI fee for 2025, along with the associated due date and filing options.
File your PCORI Fee Online with Simple720 PCORI Submission Portal and complete your filing in a few minutes.