3 Components To Consider When Positioning A MEC Plan
It's no secret that many insurance brokers struggle with positioning a Minimum Essential Coverage (MEC) plan for their clients.
It's a great solution for the right client, but often gets overlooked.
A MEC can be complicated a plan to navigate due to its specialized nature and complexity. Therefore, it's easy for an experienced broker to shy away from the conversation.
However, it doesn't have to be so difficult!
With the right approach, understanding, and knowledge base - plus a subject expert by your side - you can easily find the perfect MEC policy for the right client.
How can you successfully position a MEC plan?
The following tips will give you the confidence to position a MEC Plan and help your clients understand why they need them in the first place. Let's dive in!
MEC plans are a great solution for companies who are focused on attracting and retaining good talent.
MEC plans work well for companies who employ a large number of part-time or seasonal employees.
MEC plans are perfect for large employers, with low-income employees, who must adhere to ACA requirements. In this environment, employees often cannot afford the premiums for a major medical plan so they need a lower-cost solution. Enter the MEC program.
As health insurance costs continue to skyrocket, employees are going to need a lower-cost solution. MEC plans can fill a gap for the right company.
If you have clients who fit any of the categories above, I'm here for you and I look forward to talking with you in January.