The Internal Revenue Service (IRS) has issued Notice 2022- 59 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on or after Oct. 1, 2022, and before Oct. 1, 2023. The updated PCORI fee amount is $3.00 multiplied by the average number of lives covered under the plan.

For plan years that ended on or after Oct. 1, 2021, and before Oct. 1, 2022, the PCORI fee amount is $2.79 multiplied by the average number of lives covered under the plan.