How much can you save with MEC? Minimum Essential Coverage (MEC) is coverage that complies with ACA requirements. The Affordable Care Act (ACA) states that all employers with 50 or more full-time employees- Applicable Large Employers- are required to provide coverage to all eligible employees or they will be subject to fines/ penalties.
MEC plans generally cover preventative and wellness-related tests and treatments. These plans can be a great cost-effective option for larger employers. With a MEC plan, the premiums can be paid solely by the employers, the employee, or they can be co-funded. In order to be ACA compliant, employers must offer this coverage to all of their full-time or full-time equivalent employees.
For more information, check out our comprehensive guide to MEC and what it covers, here.
How much can you save with MEC? Check out our calculator!
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