Advantage of PCORI Filing Online
- Efficiency and Time-Saving Benefits
- Accuracy and Error Reduction
- Convenience and Accessibility
- Enhanced Security Measures
Pay your PCORI Fee Online through
Simple 720 Portal
- Filing your PCORI fee can be a daunting task for you.
- Get your IRS-approved Form 720 in minutes!
- Submitting PCORI filings via mail carries the risk of potential loss in transit!
- The IRS may levy penalties on you for non-submission in the coming years.
2025 PCORI Fee Amount by IRS
- As per sections 4375 and 4376, Notice 2024-83, the PCORI fee for 2025 (October 1, 2024, and before October 1, 2025) is $3.47.
- The new rate is applicable from October 1st, 2024.
- PCORI Filing Deadline: July 31st, 2025.
Why Simple 720 for 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.
Just a Few Steps to Complete Your PCORI Fee Payment Online!
STEP 1
Business Information
Business Name, EIN, Business Type, Address,Signing Authority Name, Email, Phone, etc..
STEP 2
Tax Information
Tax Year and Quarter, Type of Policy which Specifies Plan and Policy Year END DATE, Average Number of Lives Covered
STEP 3
Payment Information
For Tax payments - Account Information is required For submission Fee payment - either Bank info or credit/debit card information is required
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
What Our Customers Say?
CEO of a leading Trucking Company
Last quarter, I used the Simple 720 Portal for my PCORI filings, and the process was incredibly smooth—I completed everything in just a few minutes. I used to worry a lot about the filing process, but now I feel at ease knowing I can get it done with just a few clicks. I've also started using Simple 720 for both PCORI and complete excise tax filings.
A CPA of a Logistics Company
We’ve been filing excise taxes online through Simple 720 for the past three quarters, and it has saved us a significant amount of time and energy. This efficiency has allowed my team to focus more on other critical operational tasks. Thanks to Simple 720 for their excellent product and outstanding customer support—I just processed another e-file effortlessly!
Chief Financial Officer of a Tanning Company
Over the past three quarters, we’ve successfully transitioned to filing our excise taxes online, leading to substantial time and energy savings. This streamlined approach has enabled our team to focus more on other essential operational tasks. We greatly appreciate Simple 720 for the exceptional quality of their product and the invaluable support provided by their customer service team.
The Best IRS Approved Site for
Filing Your PCORI Fee
IRS Authorized
E-File Provider
E-File Provider
No Software
Download
Download
100% Data
Secured
Secured
Easy
Navigation
Navigation
Expert
Customer Support
Customer Support
Frequently Asked Questions
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, 2024, and September 30, 2025, the PCORI fee is $3.47 per covered life, due by July 31, 2025.
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.
Begin Your 720 Filing Today by Registering with Simple720
File Federal Excise Tax Online