Updated Form 720 for PCORI Filing Released
The IRS released an updated Form 720 for Patient-Centered Outcomes Research Institute (PCORI) filing.
Employers sponsoring self-insured (and level-funded) group health plans, including health reimbursement arrangements, must report and pay the 2025 PCORI fees by July 31, 2026, using the updated IRS form. Insurers are responsible for calculating and paying the fee for fully insured plans.
The following fees apply to plan years that ended in 2025 and are based on the number of covered lives:
$3.47 per covered life for plan years ending between January 1 and September 30, 2025
$3.84 per covered life for plan years ending between October 1 and December 31, 2025
Form 720 and Form 720-V should be completed for the second quarter of 2026.