First Health Network Minimum Essential Coverage

For plan years through 2018 to avoid the penalty for not having insurance you must be enrolled in qualifying health coverage sometimes called minimum essential coverage.

First health network minimum essential coverage.

Minimum essential coverage is defined as coverage that is deemed acceptable for fulfilling the aca s individual shared responsibility provision aka the individual mandate. The mec advantage plan is a strategy that is compiled of a mec plan composite rated indemnity plans and major medical plans. This can be known as pay or play or employer shared responsibility. Plans with access to essential health benefits like doctor visits lab tests prescription drugs hospitalization urgent care emergency care and more plus options for vision and dental benefits all for a 0 or low monthly plan premium.

Minimum essential coverage mec any insurance plan that meets the affordable care act requirement for having health coverage. How much of these benefits they cover depends on your plan s actuarial value. Although there is no longer a federal penalty for not having minimum essential coverage the individual mandate still exists and the concept of minimum essential coverage is still important. We offer minimum essential coverage plans which help you avoid irs penalties as both an individual employer.

In order to be considered minimum essential coverage all health plans regardless of price insurance company or metal tier cover ten essential health benefits we ll get into those later. To avoid the penalty for not having insurance for plans 2018 and earlier you must be enrolled in a plan that qualifies as minimum essential coverage sometimes called qualifying health coverage. We help protect instead of penalize businesses. Minimum essential coverage is health insurance coverage that satisfies the affordable care act s shared responsibility provision individual mandate.

These plans are for qualified individuals ages 19 64. Qualifying health care coverage is also called minimum essential coverage. What is a mec plan. Starting january 1 2014 the individual shared responsibility provision called for each individual to have minimum essential health coverage known as minimum essential coverage for each month qualify for an exemption or make a payment when filing his or her federal income tax return.