Plans Without Hospital Benefits Fail to Meet ACA Minimum Value Requirement

November 5, 2014
Author: Antonette
Posted In General

  • Plans without hospitalization benefits will not meet minimum value.
  • Employers that relied on the HHS minimum value calculator AND have contracts that were already executed prior to November 3, 2014, will not be penalized.  However, their plan will need to be changed at the end of contract.
  • Employees who have an offer of coverage that is minimum value but does not include hospitalization benefits may still be able to access tax credits.
  • Employers who have contracted for these plans must amend any communications state that an employee cannot acess tax subsidies if enrolled in one of these plans.
  • See IRS Notice 2014-69

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To Vanasek Insurance Services Inc.: Hello! I am contacting you on behalf of The Painted Turtle, a camp in north LA County for children with serious medical conditions and their family members. As a non-profit that operates at no cost to our campers, the support we receive from companies like yours is vital in giving children a life-changing camp experience. I recently sent a packet of information about The Painted Turtle and ways your company can showcase your philanthropic interests, fully engage your employees, and help us serve more children in need. I would love to speak with someone in your corporate citizenship, marketing, or other appropriate department to share more about what we do and how we can best partner with you. I look forward to hearing from you! Jenna Fradkin Corporate Relations Coordinator The Painted Turtle 1300 4th Street, Suite 300 Santa Monica, CA 90401 Phone: 310-451-1353 Ext. 110 Fax: 310-451-1357

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