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Anthem's HCR Minimum Plan Value Certification
Aug 21, 2013
The Affordable Care Act (ACA or health care reform law) added a section to the Fair Labor Standards Act (FLSA) that said an "applicable employer" must give a written notice to every worker that tells of the choice they have to buy insurance through the new health insurance marketplace (also known as the exchange). Part of this notice tells workers if the employer plan(s) meet minimum value (MV) of 60%.
The Minimum Value (MV) provision applies to all 2014 group plans with a new or renewing effective date of January 1, 2014 and later. All of Anthem's non-grandfathered small group plans will meet the 60% MV level, as will most of non-grandfathered large group plans.
As for the Summary of Benefits and Coverage (SBC) form, SBCs Anthem creates for standard plans for the 2014 plan year will use an updated template, which adds two questions to page 4 of the form for Minimum Value (MV) and Minimum Essential Coverage (MEC). Groups with custom plans will be responsible for supplying this information. HHS has created a Minimum Value calculator to help groups figure out minimum value. See this fact sheet
for more information.
For inquiries regarding Anthem quotes or Health Care Reform, contact your b&p Sales Representative - 888.722.3373.