--- title: PCORI Fee Reminder - Updated Form 720 description: Stay informed about the updated IRS Form 720 for 2025 and the new PCORI fee reporting requirements for self-funded health plans. image: https://www.q4intel.com/hubfs/2026%20Limits%20Announced%20for%20HSAs%2c%20HDHPs%2c%20and%20Excepted%20Benefit%20HRAs%20%20123rf.jpeg --- [![Novaura](https://novaurains.com/hs-fs/hubfs/Novaura%20Logos/01819-Novaura-Logo-NoTag-CC.png?width=250&height=39&name=01819-Novaura-Logo-NoTag-CC.png "Novaura")](https://novaurains.com) - [Home](https://novaurains.com) - Services - [Benefits & HR](https://novaurains.com/services) - [Case Study: Increased participation by 30%](https://novaurains.com/case-study-rebuilding-trust-in-ancillary-benefits-novaura) - [Case Study: Avoiding 120% Rate Increase](https://novaurains.com/case-study-employer-saves-over-221000-in-benefits-spend-novaura) - About - [About us](https://novaurains.com/about-us) - [Our journey to Novaura](https://novaurains.com/our-journey-to-novaura) - Resources - [Blog](https://novaurains.com/blog) - [Guide: Self-funding 101](https://novaurains.com/self-funding-101-a-beginners-guide) - [Contact](https://novaurains.com/contact) [![](https://novaurains.com/hs-fs/hubfs/Novaura%20Logos/01819-Novaura-Logo-NoTag-CC.png?width=200&height=31&name=01819-Novaura-Logo-NoTag-CC.png)](https://novaurains.com) [![01819-Novaura-Logo-NoTag-CC](https://novaurains.com/hs-fs/hubfs/Novaura%20Logos/01819-Novaura-Logo-NoTag-CC.png?width=300&height=47&name=01819-Novaura-Logo-NoTag-CC.png "01819-Novaura-Logo-NoTag-CC")](https://novaurains.com) - [Home](https://novaurains.com) - Services - [Benefits & HR](https://novaurains.com/services) - [Case Study: Increased participation by 30%](https://novaurains.com/case-study-rebuilding-trust-in-ancillary-benefits-novaura) - [Case Study: Avoiding 120% Rate Increase](https://novaurains.com/case-study-employer-saves-over-221000-in-benefits-spend-novaura) - About - [About us](https://novaurains.com/about-us) - [Our journey to Novaura](https://novaurains.com/our-journey-to-novaura) - Resources - [Blog](https://novaurains.com/blog) - [Guide: Self-funding 101](https://novaurains.com/self-funding-101-a-beginners-guide) - [Contact](https://novaurains.com/contact) [![](https://novaurains.com/hs-fs/hubfs/Novaura%20Logos/01819-Novaura-Logo-NoTag-CC.png?width=200&height=31&name=01819-Novaura-Logo-NoTag-CC.png)](https://novaurains.com) - [Home](https://novaurains.com) - Services - [Benefits & HR](https://novaurains.com/services) - [Case Study: Increased participation by 30%](https://novaurains.com/case-study-rebuilding-trust-in-ancillary-benefits-novaura) - [Case Study: Avoiding 120% Rate Increase](https://novaurains.com/case-study-employer-saves-over-221000-in-benefits-spend-novaura) - About - [About us](https://novaurains.com/about-us) - [Our journey to Novaura](https://novaurains.com/our-journey-to-novaura) - Resources - [Blog](https://novaurains.com/blog) - [Guide: Self-funding 101](https://novaurains.com/self-funding-101-a-beginners-guide) - [Contact](https://novaurains.com/contact) # PCORI Fee Reminder - Updated Form 720 2 Minutes Read *[![MZQ Logo](https://1652561.fs1.hubspotusercontent-na1.net/hub/1652561/hubfs/MZQ_logo_2019_FINAL-01%20copy%202.jpg?width=254&height=130&name=MZQ_logo_2019_FINAL-01%20copy%202.jpg)](https://www.mzqconsulting.com/)* *Prefer to listen instead of read? No problem! [Listen to the blog post at any time by clicking here](https://1652561.fs1.hubspotusercontent-na1.net/hubfs/1652561/PCORI%20Fee%20Reminder%20-%20Updated%20Form%20720%20Blog%20Narration.mp3).* ---   The IRS released the updated Form 720 for the second quarter of 2025, with updated dates and fees on Line 133 for reporting the PCORI fee. [The form, with a revision date of June 2025, can be found here](https://www.irs.gov/pub/irs-pdf/f720.pdf). Employers that sponsored self-funded medical plans that ended sometime during 2024 are required to report and pay the ACA Patient-Centered Outcomes Research Institute (PCORI) fee no later than July 31, 2025. Form 720 should be filed for the 2nd quarter ending June 30th, 2025.  ### Background  [General summary information for PCORI fees can be found here](https://www.irs.gov/newsroom/patient-centered-outcomes-research-institute-fee). Health insurance carriers pay the fee on behalf of fully insured plans, but employers are responsible for reporting and paying the fee for any self-funded group health plans, including HRAs. The PCORI fee applies to most group health plans, including retiree-only plans, but not to excepted benefits. [The IRS published a chart that describes the different types of plans subject to the fee here](https://www.irs.gov/newsroom/application-of-the-patient-centered-outcomes-research-trust-fund-fee-to-common-types-of-health-coverage-or-arrangements).  The fee is paid for self-funded group health plans using quarterly excise tax Form 720, Line 133(c) and (d), and must be paid by July 31st of the year following the last day of the plan year. The PCORI fee should be reported in the 2nd quarter of the calendar year following the end of the plan year, rather than filing sooner, to avoid any confusion for the IRS over which plan year the reporting applies to. If any corrections need to be made for prior years, use Form 720X.  ### Fee amount Payment amounts due in 2024 will differ based on the employer’s plan year. The fees due in July 2025 are as follows:  $3.22 per covered life for plan years ending in January – September 2024.  $3.47 per covered life for plan years ending in October – December 2024.  ### Calculating the average covered lives Self-funded plans may use one of three methods to determine the average covered lives used for reporting and paying the PCORI fee: (i) the actual count method; (ii) the snapshot method; or (iii) the Form 5500 method. It is okay to switch between counting methods from one year to the next to use whichever method results in the lowest number of covered lives.  There are special rules that apply for employers offering multiple self-funded plans and for employers paying the fee for a stand-alone HRA or for an HRA integrated with a fully insured plan. These special counting rules are outlined below.  **Multiple Self-Funded Plans** – If one plan sponsor maintains more than one self-funded health plan with the same plan years, the arrangements can be treated as a single plan for purposes of the fee, in which case each unique participant is counted for purposes of calculating the fee. For example, if the employer offers a self-funded group medical plan and an HRA, where the participants in both plans are the same, the PCORI fee is calculated based on the covered lives in the self-funded group medical plan (the HRA is disregarded).  **HRAs** – For an employer paying the PCORI fee solely for an HRA, the employer is required to pay the fee only with respect to participating employees (not required to count dependents or beneficiaries).  Please reach out to our team at [engage@mzqconsulting.com](mailto:engage@mzqconsulting.com) if you would like more information about our PCORI filing service.    *© 2025 MZQ Consulting, LLC. All rights reserved.* *Content provided to [Q4intelligence](https://www.q4intel.com) members by MZQ Consulting, LLC* Photo by [Pamela Au](https://stock.adobe.com/contributor/203150215/pamela-au?load_type=author&prev_url=detail)     [Next post](https://novaurains.com/blog/what-kind-of-leader-are-you) [All posts](https://novaurains.com/blog) [Previous post](https://novaurains.com/blog/the-power-and-peril-of-mirroring-how-to-stay-true-to-yourself-at-work) ## Recommended For You [![](https://q4intel.com/hubfs/PCORI%20Reminder.jpeg)](https://novaurains.com/blog/employers/pcori-reminder-updated-form-720) 2 Min Read #### [PCORI Reminder – Updated Form 720](https://novaurains.com/blog/employers/pcori-reminder-updated-form-720) [![](https://1652561.fs1.hubspotusercontent-na1.net/hubfs/1652561/Guidance%20Released%20for%20Form%201095-C%20Alternative%20Distribution%20Option%20%20123rf.jpg)](https://novaurains.com/blog/guidance-released-for-form-1095-c-alternative-distribution-option) 2 Min Read #### [Guidance Released for Form 1095-C Alternative Distribution Option](https://novaurains.com/blog/guidance-released-for-form-1095-c-alternative-distribution-option) [![](https://1652561.fs1.hubspotusercontent-na1.net/hubfs/1652561/123820195_m.jpg)](https://novaurains.com/blog/aca-employer-reporting-relief-issued-additional-guidance-needed) 2 Min Read #### [ACA Employer Reporting Relief Issued, Additional Guidance Needed](https://novaurains.com/blog/aca-employer-reporting-relief-issued-additional-guidance-needed) ![](https://novaurains.com/hubfs/Novaura%20Logos/01819-Novaura-Logo-NoTag-WH.png) Novaura builds stronger businesses by giving you solutions that go above and beyond the usual numbers and quotes. With our solutions-based benefits approach, you'll be able to invest in your employees and meet everyone’s needs—and then some. [Follow us on Facebook](https://www.facebook.com/NovauraIns/) [Follow us on LinkedIn](https://www.linkedin.com/company/novaura) - RESOURCES: - [Read the Blog](https://novaurains.com/blog) - [Effective Onboarding Checklist](https://novaurains.com/effective-onboarding-checklist) - [Guide: Self-Funding 101](https://novaurains.com/self-funding-101-a-beginners-guide) - [Case Study: Increased participation by 30%](https://novaurains.com/case-study-rebuilding-trust-in-ancillary-benefits-novaura) - [Case Study: Avoiding 120% rate increase](https://novaurains.com/case-study-employer-saves-over-221000-in-benefits-spend-novaura) **GET IN TOUCH:** ###### Novaura 718 S. 17th St. Temple, TX 76504 Phone: (254) 791-8221 Copyright © 2025 Novaura [Privacy Policy](https://novaurains.com/privacy-policy)  | Designed by [Q4intelligence ](http://q4intel.com) ```json { "@context" : "https://schema.org", "@id" : "https://novaurains.com/blog/pcori-fee-reminder-updated-form-720/#article", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Novaura" }, "dateModified" : "2025-09-05T16:44:19Z", "datePublished" : "2025-06-12T10:53:07Z", "description" : "Stay informed about the updated IRS Form 720 for 2025 and the new PCORI fee reporting requirements for self-funded health plans.", "headline" : "PCORI Fee Reminder - Updated Form 720", "image" : { "@type" : "ImageObject", "height" : "3471", "url" : "https://www.q4intel.com/hubfs/2026%20Limits%20Announced%20for%20HSAs%2c%20HDHPs%2c%20and%20Excepted%20Benefit%20HRAs%20%20123rf.jpeg", "width" : "5206" }, "inLanguage" : "en", "isPartOf" : { "@id" : "https://novaurains.com/blog/#blog", "@type" : "Blog", "name" : "Blog", "publisher" : { "@id" : "https://novaurains.com/#organization" } }, "mainEntityOfPage" : { "@id" : "https://novaurains.com/blog/pcori-fee-reminder-updated-form-720/#webpage" }, "publisher" : { "@id" : "https://novaurains.com/#organization" }, "url" : "https://novaurains.com/blog/pcori-fee-reminder-updated-form-720" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://novaurains.com/blog/pcori-fee-reminder-updated-form-720/#breadcrumb", "@type" : "BreadcrumbList", "itemListElement" : [ { "@type" : "ListItem", "item" : "https://novaurains.com", "name" : "Home", "position" : 1 } ] } ``` ```json { "@context" : "https://schema.org", "@id" : "https://novaurains.com/#organization", "@type" : "InsuranceAgency", "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "Temple", "addressRegion" : "TX", "postalCode" : "76504", "streetAddress" : "718 S. 17th St." }, "alternateName" : "Texas Benefit Alliance", "areaServed" : [ { "@type" : "State", "name" : "Texas" }, { "@type" : "City", "name" : "Dallas" }, { "@type" : "City", "name" : "Austin" } ], "contactPoint" : { "@type" : "ContactPoint", "areaServed" : "US", "availableLanguage" : "English", "contactType" : "customer service", "telephone" : "+1-254-791-8221" }, "description" : "Novaura is an employee benefits and insurance agency based in Temple, Texas, serving businesses throughout the Dallas and Austin area. Formerly Texas Benefit Alliance, the agency helps companies design and manage group health insurance, self-funded health plans, and ancillary benefits while controlling healthcare spend and simplifying HR administration and compliance. Through a consultative, five-step process—analyze, identify, establish, implement, and review—Novaura builds people-first benefits programs that drive employee engagement, retention, and work/life balance.", "employee" : [ { "@id" : "https://novaurains.com/#person-tim-davis", "@type" : "Person", "jobTitle" : "President, Agency Principal", "name" : "Tim Davis", "sameAs" : "https://www.linkedin.com/in/timothy-davis-9879012b/", "worksFor" : { "@id" : "https://novaurains.com/#organization" } }, { "@id" : "https://novaurains.com/#person-luke-davis", "@type" : "Person", "jobTitle" : "Benefits Strategist", "name" : "Luke Davis", "sameAs" : "https://www.linkedin.com/in/luke-davis513/", "worksFor" : { "@id" : "https://novaurains.com/#organization" } } ], "image" : { "@id" : "https://novaurains.com/#logo" }, "knowsAbout" : [ "Employee benefits", "Group health insurance", "Self-funded health plans", "Benefits strategy and consulting", "HR administration", "Employee benefits compliance", "Employee retention and engagement", "Ancillary benefits" ], "logo" : { "@id" : "https://novaurains.com/#logo" }, "name" : "Novaura", "sameAs" : [ "https://www.facebook.com/NovauraIns/", "https://www.linkedin.com/company/novaura/" ], "telephone" : "+1-254-791-8221", "url" : "https://novaurains.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://novaurains.com/#website", "@type" : "WebSite", "inLanguage" : "en-US", "name" : "Novaura", "publisher" : { "@id" : "https://novaurains.com/#organization" }, "url" : "https://novaurains.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://novaurains.com/#logo", "@type" : "ImageObject", "caption" : "Novaura", "contentUrl" : "https://novaurains.com/hubfs/Novaura%20Logos/01819-Novaura-Logo-NoTag-CC.png", "url" : "https://novaurains.com/hubfs/Novaura%20Logos/01819-Novaura-Logo-NoTag-CC.png" } ``` ```json { "@context" : "https://schema.org", "@type" : "Article", "author" : { "@type" : "Organization", "name" : "Q4intelligence, LLC" }, "datePublished" : "2025-06-12T10:00:00+00:00", "headline" : "PCORI Fee Reminder - Updated Form 720", "mainEntityOfPage" : { "@id" : "https://insights.q4intel.com/employers/pcori-fee-reminder-updated-form-720", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "name" : "Q4intelligence, LLC", "url" : "https://www.q4intel.com" } } ```