Gulf South Risk Premier MEC Plans presents a suite of affordable health care solutions designed to meet the requirements of the Affordable Care Act for Penalty A.
What is a MEC Plan?
A Minimum Essential Coverage (MEC) Plan is an affordable health plan option designed for employers required to offer health insurance to their employees under the Affordable Care Act. Our MEC Plan solutions satisfy the requirements of the ACA’s Employer Penalty A of $2880 per full-time employee minus the first 30 while offering certain employee benefits.
Example of an employer with 500 full-time employees:
500 employees – first 30 employees = 470 employees
470 employees x $2880 penalty per employee = $1,353,600 total penalty
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