The Affordable Care Act requires that in order for a plan to satisfy the Minimum Essential Coverage guidelines it must cover 63 preventive care services. These services must be covered at 100% without the employee having to pay a copayment or co-insurance or being applied to any deductible.
What is a MEC PLan?
The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or colloquially Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. .
What is Minimum Value?
What is the Affordable Care Act?
Protect your business from ALL ACA penalties for approx. $50 per employee per month
In order to avoid all PPACA penalties an employer must offer a plan that meets 60% actuarial value, covers all the MEC benefits and costs less than 9.5% of an employee's income. A self-funded employer is allowed to exclude Essential Health Benefits from their plan as long as the plan meets the 60% threshold.