Answer Bank Category: Affordability test for an MEC plan?

Question:

We offer only Minimum Essential Coverage that does not provide Minimum Value.

Do we need to make sure it is affordable?

Answer:


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Question:

We are an Applicable Large Employer. We have a number of companies with their own Employer Identification Number that are commonly owned. Some employees move between companies during the year.

How do we handle them when we are looking at who we have to offer health coverage to?

Answer:


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Question:

What does ESRP stand for? Our HR director is showing me one thing; our CFO is showing me another.

Answer

Question:

Coming at this cold; not sure what to make of all the ACA information I’m finding.

Our insurance company talks about “shared responsibility provisions.” Our ERISA lawyer talks about “4980H rules.” Vendors talk about “play or pay.” My predecessor’s hand-off notes talk about “the employer mandate.”

I know this is a big law. What am I missing?

Answer