The IRS has released Notice 2023-70 announcing a rise in the Patient-Centered Outcomes Research Institute (PCORI) fee for plan years concluding between October 1, 2023, and October 1, 2024. The revised PCORI fee stands at $3.22 per covered life under the plan. For plan years that ended on or after October 1, 2022, and before October 1, 2023, the PCORI fee amount is $3.00 multiplied by the average number of lives covered under the plan.
Patient-Centered Outcomes Research Institute (PCORI) fee Adjusted for 2024
Horton | May 2024
Notice 2023-70
About Form 720, Quarterly Federal Excise Tax Return
IRS
Law Firm Articles
IRS Announces Updated PCORI Fees for 2024
Pierce Group Benefits | Dec 2023
Self-Insured Health Plans: Adjusted PCORI Fee Announced for 2024
Jackson Lewis | Nov 2024
IRS Increases PCORI Fees Payable In 2024
Winston & Strawn | Oct 2023
SHRM Ask An Advisor
Get expert help on a wide range of HR topics. Access experienced, certified HR Knowledge
Advisors by phone, chat & email
Connect with An Advisor now: https://www.shrm.org/hrhelp
SHRM Members' Survey
Tell us what you think about the Express Request self-service feature in a few quick questions.
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.