“Minimum value” standards mean that the health plan will pay at least 60% of the total cost of medical services for a standard population. The other 40% of costs would be paid by members through deductibles, co-pays, and co-insurance.
Most employer plans meet minimum value standards. To find out for sure if your employer’s plan meets these standards, talk to your human resources department or the health plan. You can use the worksheet we provide to collect their answers. Download the worksheet by clicking here.
How do I know if my employer’s plan is affordable?