Self-funded Minimum Essential Coverage (MEC) plans are low cost alternatives to major medical coverage plans. They appeal to many employers because of their preventive care benefits, Affordable Care Act (ACA) compliance, and because the self-funding mechanism ensures that employers receive a refund when their groups file less claims than were funded.
In 2016, The average penalty for uninsured people who are eligible for coverage was $969 per household. That’s 47% higher than the 2015 estimated average of $661. Staying compliant with the ACA doesn’t have to break the bank for your clients. Ask us about our MEC offerings today.