MEC, What does that mean?
MEC stands for Minimum Essential Coverage.
This is the Minimum Coverage that can be offered in accordance with the regulations under Healthcare Reform.
What is really is however, is a perfect solution to the Pay or Play Mandate for the company with over 50 employees that doesn’t offer a Traditional Health plan and for the company that needs a solution for its variable hour workers that can’t afford to offer a Traditional Health Plan that meets Minimum Value standards.
Not only with the Minimum Essential Coverage solution can you help to avoid the $2000 per employee penalty of the Employer Shared Responsibility provision (Pay or Play), you can still allow an employee to choose the option to go “On-Exchange” and receive affordable or enriched Health plans from their State’s Public Exchange or through Healthcare.gov
Watch the Video to learn about the plan and then set up a consultation for your company.