PCORI Filing Made Simple: File Your PCORI Fee with Excise720 (Step-by-Step Guide)

 

Filing your PCORI fee doesn’t have to be complicated, time-consuming, or expensive. Whether you’re an employer with a self-insured health plan or an insurer managing multiple policies, understanding the filing process is essential to avoid penalties and stay compliant.

In this guide, we’ll walk you through what PCORI filing is, who needs to file, the filing process using Excise720, and why it offers the lowest-cost PCORI filing solution compared to other providers.






What is PCORI Filing?

The Patient-Centered Outcomes Research Institute (PCORI) fee is a federal fee imposed on certain health insurance policies and self-insured health plans. It helps fund research that improves healthcare decision-making and patient outcomes.

The PCORI fee is reported and paid using IRS Form 720 (Quarterly Federal Excise Tax Return), typically due once a year by July 31.

Who Needs to File PCORI Fee?

You must file the PCORI fee if you fall under one of these categories:

1. Insurance Providers

Health insurance issuers must file for:

  • Fully insured health plans
  • Individual or group health coverage

2. Employers with Self-Insured Plans

Employers must file if they offer:

  • Self-funded group health plans
  • HRAs (Health Reimbursement Arrangements)
  • Certain FSAs (Flexible Spending Accounts)

 Important: Only one filing per plan is required, and duplicate filings should be avoided.

How to File PCORI Fee Using Excise720

Filing PCORI using Excise720 is designed to be fast, accurate, and user-friendly. Here’s a simple step-by-step breakdown:

Step 1: Create Your Account

Sign up on Excise720 and log in to your dashboard.

Step 2: Start a New Filing

Select Form 720 filing and choose the applicable quarter (usually Q2 for PCORI).

Step 3: Enter PCORI Details (IRS No. 133)

Fill in:

  • Type of policy (insured or self-insured)
  • Policy year end date
  • Average number of lives covered

Step 4: Automatic Tax Calculation

Excise720 automatically calculates:

  • Applicable PCORI tax rate
  • Total fee based on IRS guidelines

No manual calculations required — reducing errors.

Step 5: Review & Submit

  • Double-check your data
  • E-file directly with the IRS
  • Get instant confirmation

Step 6: Make Payment

Use IRS payment options like EFTPS or direct debit.

Why Use Excise720 for PCORI Filing?

There are many platforms offering Form 720 filing, but Excise720 stands out for simplicity, speed, and cost-effectiveness.

 Lowest PCORI Filing Cost

Excise720 offers one of the lowest filing fees in the market, making it ideal for:

  • Small businesses
  • CPAs managing multiple clients
  • Employers looking to reduce compliance costs

 User-Friendly Interface

No complex tax jargon. The platform is built for:

  • Beginners
  • Non-tax professionals
  • Business owners

Automatic Calculations

Avoid manual errors with built-in tax logic for:

  • PCORI rates
  • Number of covered lives
  • Total fee computation

 IRS-Authorized E-Filing

Excise720 is an IRS-authorized e-file provider, ensuring:

  • Secure filing
  • Faster processing
  • Immediate submission confirmation

Real-Time Status Tracking

Track your filing status instantly without waiting or uncertainty.

Excise720 vs Other PCORI Filing Providers

FeatureExcise720Other Filers
Filing Cost Lowest pricing Higher fees
Ease of Use Simple interface Complex forms
Auto Calculations Yes Limited
IRS Authorization Yes Yes
Support Responsive limited

 Many traditional providers charge premium prices for basic filing. Excise720 focuses on affordability without compromising accuracy.

Common Mistakes to Avoid in PCORI Filing

Even though PCORI filing is annual, many businesses make errors. Here’s what to avoid:

  •  Choosing the wrong policy type
  •  Incorrect average number of lives
  •  Missing the July 31 deadline
  •  Filing duplicate claims
  •  Manual miscalculations

Using Excise720 helps eliminate most of these issues automatically.

PCORI Tax Rates (Quick Insight)

The PCORI fee varies depending on the policy year end date. For example:

  • Policies ending before Oct 1, 2024 → Lower rate
  • Policies ending after Oct 1, 2024 → Slightly higher rate

Excise720 automatically applies the correct rate — no need to look it up.

Why PCORI Compliance Matters

Failing to file your PCORI fee correctly can result in:

  • IRS penalties
  • Interest charges
  • Compliance issues

By filing accurately and on time, you:

  • Stay compliant
  • Avoid penalties
  • Maintain financial clarity

Final Thoughts

Filing your PCORI fee using Excise720 is one of the easiest and most cost-effective ways to stay compliant with IRS requirements. With its lowest filing cost, automatic calculations, and simple interface, it removes the complexity from Form 720 filing.

Whether you’re filing for a single plan or managing multiple clients, Excise720 ensures a smooth, accurate, and stress-free PCORI filing experience.

Ready to File Your PCORI Fee?

Skip the confusion and high fees.

👉 File your PCORI fee today with Excise720 — fast, secure, and affordable.

Location: United States

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