If a plan’s terms are consistent with or more generous than any one of the safe harbor checklists, the plan would be treated as providing minimum value. HHS and the IRS have indicated that they will provide an array of design-based safe harbors in the form of checklists that employers can use to compare to their plans’ coverage. HHS has released an MV Calculator that permits an employer to enter information about its health plan’s benefits, coverage of services and cost-sharing terms to determine whether the plan provides minimum value. In connection with the final rule, HHS also released its Minimum Value Calculator, or MV Calculator.Īn employer may use one of the following methods to determine whether its health plan provides minimum value. 25, 2013, the Department of Health and Human Services (HHS) issued a final rule outlining three approaches for determining whether an employer’s health coverage provides minimum value under ACA. An employer-sponsored plan provides minimum value under ACA if the percentage of the total allowed costs of benefits provided under the plan is no less than 60 percent. Linkedin HHS Releases Final Guidance Minimum Value/Calculatorīeginning in 2014, to avoid penalties under the Affordable Care Act (ACA), large employers must provide health coverage to their full-time employees (and dependents) that is affordable and provides minimum value.
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