Tagged: Minimum Value

Beginning in 2014, eligible individuals who purchase coverage under a qualified health plan through an Affordable Insurance Exchange may receive a premium tax credit under ยง 36B unless they are eligible for other minimum essential coverage, including coverage under an employer-sponsored plan that is affordable to the employee and provides minimum value. And beginning in 2015, employers with 50 or more Full-Time Equivalent (FTE) employees the do not offer affordable group coverage that provides minimum value will be subject to an employer shared responsibility payment. HHS has created a minimum value calculator to help plans determine if they provide minimum value.