Minimum Value

One of the requirements for an employer that is mandated to offer health insurance is that it must meet a “Minimum Value” 60% actuarial value requirement.

This means that “on average” a plan must pay for 60% of covered claims for a large set of individuals.   Starting in 2014 all health plans must fit in to specific Metal Levels.  This type of plan would be called a Bronze plan.

The IRS has issued some proposed Safe Harbor Plan Designs that would meet the 60% actuarial value requirement.  Below are the plans described by the IRS which will give you a good idea of what a Bronze plan will look like.

SafeHarbor AV

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