How Does A Minimum Value Plan Offer ACA Compliance?
The Minimum Value Plan is our plan that provides protection against the “part b” penalty under the Affordable Care Act or ACA. We have fully insured options for this plan and we actively monitor ACA regulations to ensure employers stay in compliance with the ACA while providing a low-cost solution for health benefits.
The MVP is designed to meet the ACA's Employer Mandate requirements, which requires large employers (those with 50 or more full-time employees) to offer affordable health insurance that covers 60% of the total allowed benefits costs under the plan. Our Minimum Value Plan offers the minimum level of benefits, including preventive care services, hospitalization, and prescription drugs.
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