ACA's Essential Health Benefits, Minimum Essential Coverage, & Minimum Value

Given the enormous complexity of the Affordable Care Act (ACA), it’s understandable that there’s confusion about the terms used to describe 3 key provisions scheduled to take effect in 2014. They are: Essential Health Benefits (EHB), Minimum Essential Coverage (MEC), and Minimum Value (MV).  Each of these provisions has an important impact on employers, employees, and individuals. This week's post defines these terms and describes their impact in 2014 and beyond.

Essential Health Benefits

Starting in 2014, all non-grandfathered, fully insured individual and small-group health plans (covering up to 50 people) offered on and off the public health insurance Marketplaces/Exchanges must cover what the ACA classifies as Essential Health Benefits, which consist the following health benefit categories:

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