Prescription Drug Reporting Reminder
November 5, 2022
Updated Guidance on Election Changes to Include Calendar Year Plans
November 30, 2022
On November 14, 2022, the IRS released Notice 2022-59, announcing that the adjusted applicable dollar amount used to
determine the PCOR fee for plan years ending on or after October 1, 2022 and before October 1, 2023 is $3.00.
The PCOR filing deadline is July 31, 2023 for all self-funded medical plans and some HRAs for plan years (including short
plan years) ending in 2022. Carriers are responsible for paying the fee for insured policies.
PCOR Fee due July 31, 2023:
Employer Action
No action by employers with self-funded health plans (or an HRA) is required. We will send a reminder in mid-2023 of
the fee and additional information for filing and paying the PCOR fee with the IRS.
