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IRS Increases PCORI Fee for Health Plans
On December 22, 2021, the Internal Revenue Service (IRS) issued Notice 2022-04, adjusting the fee paid by insurance carriers and self-insured health plans to fund the Patient-Centered Outcomes Research Trust Fund (PCORI).
Under Notice 2022-04, the dollar amount that must be used to calculate the PCORI fee for plan years that end on or after October 1, 2021, and before October 1, 2022, is $2.79.
The increase to the PCORI fee is calculated by multiplying the adjusted applicable dollar amount for policy years and plan years ending in the previous Federal fiscal year, $2.66, by the percentage increase of the projected per capita amount of National Health Expenditures published by HHS on March 19, 2020.
About Amy Donovan
Amy is AP Keenan's Vice President of Legislative and Regulatory Affairs, authoring the firm's Briefings and position papers on legislation, regulation, and litigation that impact the firm and its clients.
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