E-File Your PCORI Fee Quickly and Securely with Simple720Tax
The Patient-Centered Outcomes Research Institute (PCORI) fee is a federal fee required from certain health insurers and employers who provide self-insured health plans. This fee helps fund research that improves the quality, effectiveness, and value of healthcare services across the United States.
To stay compliant with IRS regulations, the PCORI fee must be reported annually using IRS Form 720 (Quarterly Federal Excise Tax Return), Part II, Line 133.
Simple720Tax provides a secure and easy-to-use platform that allows you to complete and submit your PCORI filing online without confusion or delays.
Understanding the PCORI Filing Requirement
Although Form 720 is filed quarterly, the PCORI fee is reported only once per year.
Key Timing Details:
Reported in:
Second Quarter (April – June)
Filing Deadline:
July 31
Filing Method:
Form 720, Part II, Line 133
This means even though the form is quarterly, PCORI applies exclusively to the second-quarter filing cycle.
Submit Your PCORI Fee OnlinePCORI Fee Rates and Who Must File
PCORI Fee Rate Details
The PCORI fee is calculated based on the average number of covered lives and the IRS-set rate for the applicable plan year.
For recent filing periods, the IRS has established the following rates:
$3.22 per covered life
For plan years ending before October 1, 2024
$3.47 per covered life
For plan years ending on or after October 1, 2024, and before October 1, 2025
These rates apply to both:
- ✓Specified health insurance policies
- ✓Applicable self-insured health plans
Accurate rate selection is essential to avoid underpayment or IRS notices.
Step-by-Step PCORI Filing with Simple720Tax
Step 1 – Start Your Filing
Create a new Form 720 return and select the second quarter (April–June).
Step 2 – Choose Filing Type
PCORI-Only Filing – Best for reporting only this fee Standard Filing – Use if reporting additional excise taxes
Step 3 – Enter Plan Information
Provide: Plan type (insured or self-insured) Policy details Coverage period
Step 4 – Input Covered Lives
Enter the average number of covered individuals. The system calculates your total fee automatically.
Step 5 – Add Additional Plans (if needed)
Report multiple plans within a single filing.
Step 6 – Review and Submit
Verify all entries Confirm payment details Electronically submit to the IRS You’ll receive confirmation once your return is accepted.
Why Use Simple720Tax for PCORI Filing?
Simple720Tax is designed to simplify complex IRS filings with features that save time and reduce risk:
Easy-to-Follow Interface
No tax expertise required—each step is clearly guided.
Built-In Accuracy Checks
Prevents common filing mistakes before submission.
Automatic Calculations
Ensures compliance with current IRS rates and rules.
Secure E-Filing
Your data is encrypted and transmitted through authorized channels.
Instant Filing Confirmation
Get proof of submission immediately after IRS acceptance.
Benefits of Filing PCORI Online
Filing electronically through Simple720Tax offers several advantages over paper filing:
- ✓Faster processing times
- ✓Reduced risk of IRS rejection
- ✓Immediate confirmation receipt
- ✓Easy access to past filings
- ✓No manual paperwork
Common Mistakes to Avoid
When filing the PCORI fee, businesses often make errors such as:
- •Filing in the wrong quarter
- •Using outdated IRS rates
- •Miscalculating covered lives
- •Forgetting to include dependents
- •Missing the July 31 deadline
Stay Compliant Without the Stress
PCORI filing may only happen once a year, but missing deadlines or making errors can lead to penalties. Using a reliable e-filing system ensures your return is accurate and submitted on time.
Simple720Tax gives you everything you need to handle your PCORI obligation efficiently—from calculation to submission—all in one place.
Get Started Today
Make your PCORI filing simple, accurate, and fast with Simple720Tax.
Start your Form 720 PCORI filing now and stay compliant with IRS requirements.
Begin Your Form 720 PCORI Filing