The Internal Revenue Service (IRS) has announced the Patient Centered Outcomes Research Institute (PCORI) Fee, applicable dollar adjustment for 2022. Established by the Affordable Care Act (ACA), PCORI was implemented to support research on clinical effectiveness and is funded, in part, by fees paid by certain health insurers and self-insured plan sponsors.
The fee itself is determined by multiplying the average number of covered lives for the plan year by the applicable dollar amount. The fee is paid annually to the IRS via form 720, on the July quarterly return (no later than July 31 of each year). This year, the applicable dollar amount is $2.79 per enrollee, for plan years ending on or after October 1, 2021 and before October 1, 2022.
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