November 3, 2016

Reporting Minimum Essential Coverage

From our partner, United Benefit Advisors (UBA) by Danielle Capilla Minimum essential coverage (MEC) is the type of coverage that an individual must have under the […]
August 31, 2015

6055 Reporting, HRAs, and “Supplemental Coverage”

The Affordable Care Act (ACA) implemented section 6055 of the Internal Revenue Code, which requires IRS reporting from any entity that provides "minimum essential coverage" (MEC) to individuals. Employers who are applicable large employers (ALEs) have related reporting obligations under section 6056. Read more here...
December 3, 2014

Group Health Plans That Do Not Cover Inpatient Hospital or Physician Services

Some companies have been marketing a plan that they state satisfies the minimum value requirement (an actuarial value of 60%), based upon a calculator provided by the Department of Health and Human Services (HHS), even though the plan does not cover inpatient hospital charges. Read more here...