Article originally published on SBMA Benefits.
The Affordable Care Act (ACA), created in 2010, was designed to ensure healthcare is affordable and available to more people. Under the ACA regulations, applicable large employers (ALEs) are required to provide minimum essential coverage (MEC) to 95% of their full-time or full-time equivalent employees (someone who works at least 30 hours per week).… Read More
Understanding Minimum Essential Coverage (MEC) can be complicated when compared to minimum value, essential health benefits, and actuarial value.
Let’s start by answering: what is it and what does it cover? Minimum Essential Coverage is a plan that meets the Affordable Care Act (ACA) requirements for health coverage.… Read More
Healthcare insurance brokers are constantly looking for ways to provide the best for their clients while increasing their margins. If this is the case for you, look no further!
Innovative HIA provides the most competitive rates for Minor Medical coverage plans.… Read More
At Innovative HIA, we pride ourselves on offering:
Affordable Benefits
ACA Compliance, and
Exceptional Service
Today, we’d like to chat a bit more about the third element—the exceptional service we provide—and why Innovative HIA is, therefore, the gold standard of customer service for Minor Medical insurance providers.… Read More
Minimum essential coverage is health insurance that meets the Affordable Care Act requirements. Employers have a requirement to offer at least Minimum Essential Coverage to any benefit-eligible employee. Non-compliance can result in a penalty of $214.17 PER eligible employee per month without coverage.… Read More
Navigating the similarities and differences between individual and voluntary benefits can seem challenging. Which ones do your employees want? What can employees get from individual benefits that they can’t from voluntary? How can benefits attract and retain great talent?
Here is a list of the major similarities and differences between the two to help you navigate what benefits you want to provide.… Read More
The Affordable Care Act (ACA) implemented an individual mandate, also known as the “individual shared responsibility provision” that requires that most Americans have qualifying insurance.
Read more about what Minor Medical is and what it covers here.
Until 2018, those who did not prove themselves to have health insurance when filing taxes were penalized.… Read More
Innovative HIA’s Minor Medical plan (also known as Minimum Essential Coverage) provides expecting mothers the resources to screen for potential risk factors that impact the mother and baby. Some conditions or complications that arise during pregnancy are not easily recognizable and may require screening and testing for a diagnosis.… Read More
A study found that 70% of people don’t feel valued by their workplace. In that same study, 25% of people believed that their productivity at work would improve if they received employee benefits. When you show your employees you value their hard work, they will be more likely to strive to perform better.… Read More