How much can you really save with a MEC plan?
As a broker, it can be difficult to determine if a Minimum Essential Coverage (MEC) plan is the right fit for your clients.
Do they provide enough coverage?
Do they even save money?
With so many different insurance products and coverage options available, getting an accurate understanding of the potential cost savings is a challenging task.
So, let's discuss some important information about MEC plans that will help you make the most informed decisions when finding a plan that works best for your clients.
Here's one of the most important questions you need to ask:
What will cost your client more?
Paying for a MEC plan?
Paying the ACA penalty?
To figure out what makes more financial sense for your clients, you can go here:(https://www.evolvedbenefits.com/new-page "") and use the calculator on our resource page to see if your clients could be exposed to larger-than-expected ACA penalties.
This is a necessary calculation because if you have a client that remains non-compliant, they could receive a hefty penalty letter in the mail.
When it comes to MEC plans, having a good understanding of how they work and how much your clients can save is critical.
By taking the time to review all available options and doing some research on potential cost savings, you can ensure your clients are getting the best possible coverage at the most reasonable price.
If you want to consult with our expert team to understand how MEC plans can save you from penalties in the long run, reach out to walk through a demo.