ARTICLE
11 December 2024

2024 IRS PCORI Fee Increase

GG
Groom Law Group

Contributor

Groom Law is the nation’s preeminent benefits, retirement, and health care law firm. We built our success over decades of solving complex ERISA/employee benefits challenges in the public and private sectors, providing innovative legal solutions, value, and true partnership to our clients every step of the way.
On December 2, the IRS issued Notice 2024-83, which increased the PCORI fee from $3.22 per covered life to $3.47 per covered life for policy and plan years...
United States Food, Drugs, Healthcare, Life Sciences

On December 2, the IRS issued Notice 2024-83, which increased the PCORI fee from $3.22 per covered life to $3.47 per covered life for policy and plan years that end on or after October 1, 2024 and before October 1, 2025. Group health plans and health insurance issuers must generally pay the PCORI fee on each covered life under the plan or policy. The fee is due to the IRS annually on July 31 using Form 720.

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