Here is the minimum value calculator developed by HHS to help carriers and employers determine if their plans provide minimum value. As explained in IRS Notice 2014-69, plans that fail to cover in-patient hospitalization services, even if they meet the 60% actuarial value threshold, will not be considered minimum value plans.
Tagged: Minimum Value
To avoid shared responsibility penalties under section 4980(b) of the tax code, applicable large employers must provide minimum essential coverage that is both affordable and provides minimum value. Generally, a minimum value plan is one with an actuarial value of at least 60% and provide hospitalization coverage.
What’s the difference between Minimum Essential Coverage and Minimum Value? [6:12]