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2023 PCORI fees announced: Who pays which one?

Updated: Apr 12, 2023


The IRS has issued IRS Notice 2022-59 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on or after Oct. 1, 2022, and before Oct. 1, 2023. The updated PCORI fee amount is $3.00 multiplied by the average number of lives covered under the plan.


For plan years that ended in 2022 but before October 1, 2022, the fee is $2.79 multiplied by the average number of lives covered under the plan. For plan years that ended between October 1, 2022, and October 1, 2023, the fee is $3.00 multiplied by the average number of lives covered under the plan.


Here’s a list to help illustrate the fee based on plan year:

Plan Years ending in 2022; Fee Owed as of July 31, 2023:

  • Feb 2021 – Jan 2022 $2.79

  • Mar 2021 – Feb 2022 $2.79

  • Apr 2021 – Mar 2022 $2.79

  • May 2021 – Apr 2022 $2.79

  • Jun 2021 – May 2022 $2.79

  • July 2021 – Jun 2022 $2.79

  • Aug 2021 – July 2022 $2.79

  • Sept 2021 – Aug 2022 $2.79

  • Oct 2021 – Sept 2022 $2.79

  • Nov 2021 – Oct 2022 $3.00

  • Dec 2021 – Nov 2022 $3.00

  • Jan 2022 – Dec 2022 $3.00

The PCORI fee must be reported each year on IRS Form 720 for the second quarter of the calendar year and can be paid electronically or mailed to the IRS using the Form 720-V payment voucher.

Employers that are subject to PCORI fees but no other types of excise taxes should file Form 720 only for the second quarter. In other words, no filings are needed for the other quarters, only the second quarter.

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