New PCOR Fee Announced

Last week, the IRS released Notice 2020-84, announcing that the adjusted applicable dollar amount used to determine the PCOR fee for plan years ending on or after October 1, 2020 and before October 1, 2021 is $2.66.
The PCOR filing deadline is August 2, 2021 for all self-funded medical plans and some HRAs for plan years ending in 2020. Carriers are responsible for paying the fee for insured policies.

For more information, please click on the attached.

New PCOR Fee Announced – 120420R (1)

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