Employers and business owners are looking for one good idea. The one we often hear is, how can they reduce medical premiums?
One idea is called MEC Plus. MEC is for minimal essential coverage, which is one of the two key components of all health policies under the Affordable Care Act.
MEC Plus is a compliant plan that enables employers to avoid the $2,000 per employee penalty, and it meets the individual’s responsibility to have minimum essential coverage.
As a low-cost option for employees, it also affordable. Monthly costs will range between $70 to $150. The MEC Plus provides:
- 100% Preventive services
- Telemed Program
- Prescription Coverage
- And, optional benefits such as Hospital Indemnity, Critical Illness, and/ or Accident Expense supplements
An important note is this is NOT comprehensive coverage, but It allows lower income employees to avoid paying a penalty and have affordable minimum coverage.