The Patient-Centered Outcomes Research (PCOR) fee filing deadline is August 1, 2022, for all self-funded medical plans and HRAs for plan years ending in 2021. The IRS issued Notice 2022-04 announcing the adjusted fee amount for this year.
The plan years and associated amounts are as follows:
| Plan Year END Date | Amount of PCOR Fee | Payment and Filing Date |
|---|---|---|
| January 31, 2021 | $2.66/covered life/year | August 1, 2022 |
| February 28, 2021 | $2.66/covered life/year | August 1, 2022 |
| March 31, 2021 | $2.66/covered life/year | August 1, 2022 |
| April 30, 2021 | $2.66/covered life/year | August 1, 2022 |
| May 31, 2021 | $2.66/covered life/year | August 1, 2022 |
| June 30, 2021 | $2.66/covered life/year | August 1, 2022 |
| July 31, 2021 | $2.66/covered life/year | August 1, 2022 |
| August 31, 2021 | $2.66/covered life/year | August 1, 2022 |
| September 30, 2021 | $2.66/covered life/year | August 1, 2022 |
| October 31, 2021 | $2.79/covered life/year | August 1, 2022 |
| November 30, 2021 | $2.79/covered life/year | August 1, 2022 |
| December 31, 2021 | $2.79/covered life/year | August 1, 2022 |
Employers with self-funded health plans ending in 2021 should use the 2nd quarter Form 720 to file and pay the PCOR fee by August 1, 2022. The information is reported in Part II.
Please note that Form 720 is a tax form (not an informational return form such as Form 5500). As such, the employer or an accountant would need to prepare it. Parties other than the plan sponsor, such as third-party administrators, cannot report or pay the fee.
For additional information, please visit the following IRS sites:
- Form 720, Quarterly Federal Excise Tax Return, instructions and forms:Â https://www.irs.gov/forms-pubs/about-form-720
- Patient-Centered Outcomes Research Trust Fund Fee, Questions and Answers:Â https://www.irs.gov/newsroom/patient-centered-outcomes-research-institute-fee
- PCOR Filing Due Dates and Applicable Rates Chart:Â https://www.irs.gov/affordable-care-act/patient-centered-outreach-research-institute-filing-due-dates-and-applicable-rates
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