Skip to main content
Sign in

How do I know how many participants (average lives) to report on the IRS 720 PCORI form?

Dani Oneil
  • Updated

Your company’s administrator page includes a calculator to provide you with the number of participants (average lives) to report. 

 

From the blue menu bar near the top of your page, hover your cursor over the Reports Tab, and select IRS Reporting Tools. 

 

IRSreportingtools.png

 

Towards the bottom of the IRS Reporting Tools page, you will see a section labeled Counting Method and Date Range. To use the calculator - 

 

  1. Keep Method as Actual Count
  2. Date Range will be the plan year ending in 2023. (For most plans, the date range will be 01/1/2023 - 12/31/2023)
  3. Select Run Report 

 

After selecting Run Report, a table labeled Detailed Counting Report will appear below the calculator. The number to report on Form 720 is the Total Participants (first row). This number should be rounded to the nearest whole number when reported on Form 720. 

 

720.png

 

See also: How to complete IRS Form 720 for the Patient-Centered Outcomes Research Institute (PCORI) Fee

Related articles