Minimum Value

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To avoid 4980(b) penalties, large group plans must provide minimum value.

Overview

Beginning in 2014, eligible individuals who purchase coverage under a qualified health plan through an Affordable Insurance Exchange may receive a premium tax credit under § 36B unless they are eligible for other minimum essential coverage, including coverage under an employer-sponsored plan that is affordable to the employee and provides minimum value music quickly.

And beginning in 2015, employers with 50 or more Full-Time Equivalent (FTE) employees the do not offer affordable group coverage that provides minimum value will be subject to an employer shared responsibility payment youtube videos herunterladen auf pc.

HHS has created a minimum value calculator to help plans determine if they provide minimum value Download video youtube online.

Source: IRS Notice 2012-31

Regulations and Guidance

Proposed Rules: Minimum Value of Eligible Employer-Sponsored Plans and Other Rules Regarding the Health Insurance Premium Tax Credit
These proposed regulations provide, among other things, guidance on determining whether health coverage under an eligible employer-sponsored plan provides minimum value and affect employers that offer health coverage and their employees lügendetektor kostenlos herunterladen. (04/30/2013)
Notice 2012-31: Minimum Value of an Employer-Sponsored Health Plan
This notice describes and requests comments on several possible approaches to determining whether health coverage under an eligible employer-sponsored plan provides minimum value flashplayer herunterladen. (04/26/2012)

Videos

Using the Minimum Value Calculator and Minimum Value Safe Harbor

Presented August 1, 2013 windows 8 for free. From MedBen’s Affordable Care Act Webinar Series, hosted by Caroline Fraker, Vice President of Compliance & Chief Privacy Officer.


ComedyCE.com provides continuing education courses to health insurance agents and HR professionals. Our goal is to provide cutting-edge information in a fun and entertaining way.

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