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Tag Archive for: minimum value

Penalties vs the Cost of MEC- How Much Can You Save?

January 10, 2021/in ACA Compliance, Employee Retention, Healthy Living, MEC, Personal, Voluntary Benefits, Worksite Benefits

Under the Affordable Care Act, applicable large employers (ALE) are required to provide minimum essential coverage to 95% of their full-time or full-time equivalent employees. If you fail to do so, your company will be subject to various penalties that could cost you! If you do a cost-benefit analysis, investing in MEC for your employees can save you millions, while also increasing employee engagement.

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https://www.sbmabenefits.com/wp-content/uploads/2021/01/Untitled-design-2021-01-06T160126.343.png 1080 1080 Jackie Berens https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Jackie Berens2021-01-10 07:00:002021-12-03 11:37:53Penalties vs the Cost of MEC- How Much Can You Save?

What is MEC and What Does it Cover?

August 31, 2020/in ACA Compliance, MEC, News, Voluntary Benefits

Understanding Minimum Essential Coverage (MEC) can be complicated when compared to minimum value, essential health benefits, and actuarial value.
Let’s start by answering what is it and what does it cover? Minimum Essential Coverage is a plan that meets the Affordable Care Act (ACA) requirements for health coverage.

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https://www.sbmabenefits.com/wp-content/uploads/2020/07/Asian-doctor-is-using-a-stethoscope-listen-to-the-heartbeat-of-the-elderly-patient.-1126835434_2125x1416.jpeg 1414 2121 Jackie Berens https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Jackie Berens2020-08-31 07:00:002022-01-26 14:42:48What is MEC and What Does it Cover?

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