What Does ‘Minimum Value’ Mean under ACA?

A plan provides minimum value if it covers at least 60 percent of the total allowed cost of benefits that are expected to be incurred under the plan. The Department of Health and Human Services (HHS) and the IRS have produced a minimum value calculator (downloadable Excel spreadsheet). By entering certain information about the plan, such as deductibles and co-pays, employers can get a determination as to whether the plan provides minimum value.

Prepared by Jamie M. Brabston, senior counsel with Lehr Middlebrooks Vreeland & Thompson, P.C.

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