Congress recently extended for another 10 years the Patient-Centered Outcomes Research Institute (PCORI) fees under IRC Sections 4375 and 4376. The fees apply to issuers of certain health insurance policies and employers that self-insure employee health coverage.
The PCORI fees, along with the PCORI trust established under IRC Section 9511, which is funded in part by the fees, were enacted under the Affordable Care Act in 2010. As originally enacted, the fees were applicable for policy years (insured plans) and plan years (self-insured plans) ending on dates falling on or between Oct. 1, 2012, and Sept. 30, 2019. However, the Further Consolidated Appropriations Act, 2020, enacted on Dec. 20, 2019, extends the PCORI fees such that applicable health insurance issuers and applicable employers continue to be subject to the fees for policy and plan years ending on dates falling on or between Oct. 1, 2019, and Sept. 30, 2029.