What is a skinny medical plan?
“Skinny” healthcare plans are group plans created to provide coverage solely for non-catastrophic health events, ranging from preventive and routine medical care to wellness benefits.
What is the MEC plan?
Any insurance plan that meets the Affordable Care Act requirement for having health coverage.
How much do MEC plans cost?
As low as $133.75 per month employee-only coverage.
Do MEC plans meet minimum value?
As we noted above, an employer that offers minimum essential coverage that does not provide minimum value faces penalty exposure, though of a likely smaller magnitude than would otherwise be the case if the employer failed to offer any coverage. MEC plans do not provide minimum value.
Is MEC plan good?
Not only is this good for the employee who is now able to manage his/her health conveniently, but it is also good for the employer who does not have an interruption in productivity due to office visits or absences that could have been prevented by better management of medical conditions.
What is covered under MEC?
They include:
- Stand-alone dental and vision plans.
- Accident or disability income insurance.
- Short-term medical or temporary insurance.
- Travel insurance.
- Medical discount plans.
- Specific disease policies.
- Worker’s compensation insurance.
- Certain types of limited Medicaid.
Are MEC plans good?
Is Obamacare considered a group health plan?
The group health insurance market is composed of small groups and large groups. Under the Affordable Care Act, different regulations apply to each segment. The ACA — otherwise known as Obamacare — changed all that.
What is non ESI?
If your eligibility notice indicates that you need to confirm that you do not have Non-ESI Minimum Essential Coverage, it means that according to Pennie data sources, you are enrolled in health coverage from a source other than an employer, including Medicare, Medicaid, or the military.
How do you qualify for MEC?
To qualify, an individual must have had at least 10 years in Medicare-covered employment. Full-scope Medicaid or Medi-Cal: These options are federal and state programs that provide health coverage to low-income individuals and families or to those who are pregnant or have a disability and qualify for the programs.
