A health plan must provide certain coverage and benefits, to be classified as Minimum Essential Coverage (MEC) by the Affordable Care Act (ACA). Coverage Scope MEC plans are designed to meet ACA standards by covering ten essential healthcare benefits, including hospitalization, preventive services, and mental health care. While they offer significant support, it’s important to note that they may exclude certain services, such as elective surgeries or cosmetic procedures. Cost Structure MEC plans have a unique cost structure, just like other health plans. The MEC plan’s cost structure consist of the following components. Premiums– monthly payment that maintain each member’s coverage. Deductibles– member’s pay out of pocket until they meet… Read More
Continue Reading