On November 14, 2022, the IRS released Notice 2022-59, announcing that the adjusted applicable dollar amount used to determine the PCOR fee for plan years ending on or after October 1, 2022 and before October 1, 2023 is $3.00.
The PCOR filing deadline is July 31, 2023 for all self-funded medical plans and some HRAs for plan years (including short plan years) ending in 2022. Carriers are responsible for paying the fee for insured policies.
Plan Years Ending on | Amount of PCOR Fee |
---|---|
January 31, 2022 | $2.79/covered life/year |
February 28, 2022 | $2.79/covered life/year |
March 31, 2022 | $2.79/covered life/year |
March 31, 2022 | $2.79/covered life/year |
April 30, 2022 | $2.79/covered life/year |
May 31, 2022 | $2.79/covered life/year |
June 30, 2022 | $2.79/covered life/year |
July 31, 2022 | $2.79/covered life/year |
August 31, 2022 | $2.79/covered life/year |
September 30, 2022 | $2.79/covered life/year |
October 31, 2022 | $3.00/covered life/year |
November 30, 2022 | $3.00/covered life/year |
December 31, 2022 | $3.00/covered life/year |
No action by employers with self-funded health plans (or an HRA) is required. We will send a reminder in mid-2023 of the fee and additional information for filing and paying the PCOR fee with the IRS.
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