The Internal Revenue Service (IRS) issued Notice 2018-85, stating the applicable dollar amount to determine the Patient-Centered Outcomes Research Trust Fund (PCORTF) fees for plan years ending on or after October 1, 2018 and before October 1, 2019, will go from $2.39 to $2.45.
The Affordable Care Act imposes fees on health insurance policy issuers and self-funded health plan sponsors from September 30, 2012 through October 1, 2019. The fees help fund the PCORTF. The fee amount per plan or policy is calculated using the average number of lives covered under the policy or plan and the applicable dollar amount for that policy year or plan year.
The annual fee increase is based on increases in the projected per capita amount of national health expenditures.