---
title: 2024 PCORI Fees
description: Health insurance issuers and plan sponsors must report and pay the PCORI fees annually using IRS Form 720. Fees are due on July 31, 2024.
---

[Employee Benefit News for School, City and County Employers ](https://blog.nisbenefits.com)

# [2024 PCORI Fees](https://blog.nisbenefits.com/2024-pcori-fees)

 Written by [Adam Kuck](https://blog.nisbenefits.com/author/adam-kuck) | Jun 3, 2024 6:32:22 PM

*1.5 minute read*

The Affordable Care Act imposes a fee on health insurance issuers and self-insured plan sponsors to fund comparative effectiveness research. These fees are called PCORI fees and are paid annually using [IRS Form 720](https://www.irs.gov/forms-pubs/about-form-720). PCORI fees are due by July 31st of each year. For plan years ending in 2023, fees are due by July 31, 2024.

** **

## **PCORI Fee Overview**

The PCORI fees, originally set to expire in 2019, were extended for an additional 10 years by a federal spending bill in 2019. This extension means the fees will apply for fiscal years 2020-2029.

 

## **Calculating the PCORI Fee Payment**

PCORI fees are collected like taxes, based on the average number of covered lives. Issuers and plan sponsors report this number separately for specified health insurance policies and self-insured health plans. The total tax owed is calculated by multiplying the number of covered lives by the applicable rate for that tax year ($3.00 for plan years ending on or after October 1, 2022, and before October 1, 2023, or $3.22 for plan years ending on or after October 1, 2023, and before October 1, 2024). The fees for health insurance policies and self-insured health plans are combined to determine the total tax owed.

 

## **Action Steps**

To assess their obligations, employers should:

- Determine which plans are subject to PCORI fees;
- Assess funding status (insured vs. self-insured) to determine fee responsibility; and
- For self-insured plans, select an approach for calculating average covered lives.

 

The IRS offers helpful resources, including a [chart](https://www.irs.gov/newsroom/application-of-the-patient-centered-outcomes-research-trust-fund-fee-to-common-types-of-health-coverage-or-arrangements) on fee application to specific health coverage types. Download the [bulletin](https://blog.nisbenefits.com/hubfs/blog-supporting-docs/bulletin-pcori-fees-july-31.pdf) for more details.

 

[View full post](https://blog.nisbenefits.com/2024-pcori-fees)

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