Level Funded Minimum Essential Coverage

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Level-Funded Minimum Essential Coverage

About IHP Level-Funded MEC Health Insurance

IHP's Level-Funded MEC plans are some of the most affordable on the market and provide coverage on preventive, in-network services with various customizable plan tiers, no co-pay, no deductible, unlimited telemedicine, and options for reference-based pricing. These plans seamlessly integrate with traditional health plans, while offering flexible employer contributions.

Key Features of IHP Level-Funded MEC Health Plans

No Deductible, Co-Pay Driven

IHP's MEC plans are low cost with big benefits and offer employees the advantage of zero deductibles and co-pays for streamlined access to healthcare services. This approach ensures employees can easily obtain necessary preventive care without upfront financial concerns.

Simplified Underwriting

IHP's Level-Funded MEC plans feature simplified underwriting procedures, providing a seamless experience for employers and employees alike. This efficient process leads to faster enrollments and easier transitions.

Unlimited Telemedicine

IHP's MEC plans provide limitless access to telemedicine services at no cost, empowering members to connect with healthcare providers conveniently from anywhere.

Plan Options with Reference-Based Pricing

IHP provides four unique plan tiers featuring Reference-Based Pricing (RBP). This simple pricing strategy promotes transparency and cost control, enabling a quick turnaround for enrollment.

$0 Copay on Preventive Generic Drugs

Members of IHP's MEC plans benefit from a $0 copay on all preventive generic drugs, allowing affordable access to vital medications.

What is Minimum Essential Coverage (MEC)?

The Affordable Care Act (ACA) requires employers to offer baseline coverage of essential health benefits. A MEC plan ensures employers meet the ACA requirements and avoid penalties. In 2024, employers who fail to offer a MEC plan may incur a penalty of $2,970 per full-time employee (with the initial 30 exempted).

Level-Funded Minimum Essential Coverage (MEC) Health Plans

About IHP Level-Funded MEC Health Insurance

Key Features of IHP Level-Funded MEC Health Plans

What is Minimum Essential Coverage (MEC)?

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