Minimum Value

Minimum Value

Fri, 02/14/2020 - 16:05

A standard of minimum coverage that applies to job-based health plans.

If your employer’s plan meets this standard and is considered “affordable,” you won’t be eligible for a premium tax credit if you buy a Marketplace insurance plan instead.

A health plan meets the minimum value standard if both of these apply:

• It’s designed to pay at least 60% of the total cost of medical services for a standard population

• Its benefits include substantial coverage of physician and inpatient hospital services

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Minimum Essential Coverage

• Why minimum value is important?