Insurance

MEC Made Simple

The Basics What is Minimum Essential Coverage (MEC)? Minimum Essential Coverage is the minimum coverage a large employer must offer to at least 95% of its full‐time employees to SATISFY the “A” Tax Penalty imposed by ACA (IRC Section 4980H(a) and the minimum coverage most US Citizens must have to satisfy their individual mandate. It is not major medical …

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Basic Health Insurance May Cost Nothing for Some Employers

There are very compelling reasons for an employer to offer affordable basic or *incentive-based health insurance plans to hourly workers. Chief among them is compliance with the Affordable Care Act Employer Mandate. However, many employers are misled into the belief that limiting contributions (within the constraints of ACA) or offering plans that technically comply with ACA …

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