Full Definition
Under the ACA, a health plan provides minimum value if it covers at least 60% of the total allowed costs of benefits provided under the plan. Employers must offer at least one plan that meets minimum value to avoid the 4980H(b) ESRP.
Under the ACA, a health plan provides minimum value if it covers at least 60% of the total allowed costs of benefits provided under the plan. Employers must offer at least one plan that meets minimum value to avoid the 4980H(b) ESRP.