New PCOR Fee Announced

On December 3, 2024, the IRS released Notice 2024-83, which announced the adjusted applicable dollar amount used to determine the PCOR fee for plan years ending between October 1, 2024, and September 30, 2025. The adjusted fee is $3.47 per covered life/year.

Filing Deadline

The PCOR filing deadline is July 31, 2025, applicable to:

  • Self-funded medical plans (including level-funded plans)

  • Some HRAs (including ICHRAs) for plan years ending in 2024

For insured policies, carriers are responsible for paying the fee.

PCOR fee due July 31, 2025:

Employer Action Required

Currently, no immediate action is required for employers with self-funded health plans or HRAs. A reminder will be sent in mid-2025 with detailed filing and payment instructions for the PCOR fee.

Note: The IRS has increased enforcement for missing PCOR fees. Employers may receive CP161 notices for prior year filings, requesting payment, including interest and penalties.

Dexter Dible