Advantage of PCORI Filing Online
- Efficiency and Time-Saving Benefits
- Accuracy and Error Reduction
- Convenience and Accessibility
- Enhanced Security Measures
PCORI
Why Organizations Trust Us
Why PCORI?
Domain Expertise
With over a decade of experience in tax compliance and Form 720 filing, we possess in-depth knowledge of PCORI fee requirements. You can count on us for accurate and reliable service.
Simplified Process
Filing Form 720 and paying the PCORI fee doesn't have to be complicated. We streamline the entire process, guiding you through each step and addressing any questions you may have. Our goal is to save you valuable time and effort.
Affordable Solution
We recognize the financial considerations involved in tax compliance. Our services provide cost-effective solutions that help you avoid potential penalties and fines for non-compliance.
INDUSTRIES WE SERVE
Streamline Your PCORI Filings Across Diverse Industry Verticals!
PCORI Fee Filing for Educational Institutes - Including Schools, Colleges, and
Universities - is Now Easier Than Ever with Our Secure, IRS-Authorized Online Portal.
PCORI Filing for Healthcare Organizations Made Simple than ever - From Hospitals to
Medical Groups, Submit Online with Confidence and Stay Ahead of Deadlines.
From Advocacy Groups to Charitable Organizations, Simplify Your PCORI Filing Online and
Stay Compliant with Ease.
Large self-insured corporations trust Simple720 for fast, accurate PCORI filing - ensuring
compliance without the administrative burden.
PCORI Filing Made Easy for Legal, Accounting & Consulting Firms - File Online in
Minutes and Stay Fully Compliant.
ONLINE FILING ADVANTAGES
Why PCORI Fee Filing Online Instead of Paper Filing?
Drawbacks of Paper Filing
- Loss in Transit, Compliance Risks
- Time-Consuming Process
- Increased Risk of Errors
- Delayed Processing
FAQs
Yes, filing PCORI online is a smart and efficient choice. It is not only fast
and secure but also offers additional benefits such as enhanced accuracy,
cost-effectiveness, and streamlined processing. Using an IRS-approved e-filing
provider ensures compliance and minimizes errors, making the entire filing
process more reliable and hassle-free.
To calculate the PCORI fee, multiply the average number of covered lives by the
IRS-set rate for that year. The three IRS-approved methods for determining
covered lives are:
- 1. Actual Count : Total lives covered each day, averaged over the year.
- 2. Snapshot : Average count from specific dates each quarter.
- 3. Form 5500 : Uses participant data from Form 5500.
The Patient-Centered Outcomes Research Institute (PCORI) fee is mandated by the
Affordable Care Act to fund research that informs healthcare decisions.
Responsibility for paying this fee depends on the type of health plan:
- Fully Insured Plans : Insurance issuers are responsible for reporting and paying the PCORI fee.
- Self-Insured Plans : The plan sponsors, typically employers who provide self-insured health coverage, are responsible for reporting and paying the PCORI fee.
The Patient-Centered Outcomes Research Institute (PCORI) fee is due annually by
July 31 of the year following the end of the plan year. For plan years ending
between October 1, 2025, and September 30, 2026, the PCORI fee is $3.84 per
covered life, due by July 31, 2026.
To file PCORI fees online, choose an IRS-approved e-file provider that supports
Form 720 filing. Ensure the platform is secure and compliant with IRS
regulations for accurate and hassle-free submission. Enter the required tax
details, pay the provider's service fee, and submit the form electronically.
Upon successful filing, you will receive confirmation from the IRS.
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Ready to Simplify Your PCORI Filing Process?
Manage your PCORI fee filing with confidence through a streamlined online solution designed to save time, reduce errors, and help you meet IRS deadlines. Whether you're filing for a self-insured health plan, educational institution, healthcare organization, or nonprofit, our platform makes PCORI compliance simple, secure, and efficient.
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