Who's a Good Fit for a MEC plan?

Are you an employer struggling to offer affordable healthcare options to your employees? Look no further than the MEC plan.

As someone who always makes myself available to help employers navigate the complex world of health insurance options, MEC plans are an excellent fit for larger employers with low-income employees. But it's not just for full-timers - it's also geared toward part-time, seasonal, and variable-hour employees who may be unable to afford major medical plans.

Now, let's talk about ethics. It's important to first offer the major medical plan to full-timers who can afford it and only provide the MEC plan once waivers have been collected.

That way, you're not causing an adverse selection scenario, which can raise red flags with your carrier.

But why choose a MEC plan?

We're in a recession, and many people need help enrolling even in a bronze major medical plan. MEC plans can be written down to as low as ten people, making them accessible for smaller groups. Plus, they offer affordable access to care for everyone, not just a select few.

And if you're a broker, don't be afraid to learn how to have this conversation. I've seen brokers who started not knowing much about MEC plans grow and become experts.

If you have clients subject to ACA requirements, make sure to discuss MEC plans before it's too late. Many brokers are getting good at this conversation, so getting ahead of the curve is important.

In the end, offering a MEC plan may be the solution to saving money while still insuring your employees. Consider making it the baseline offering and everything else a buy-up option so you can stay in business.

I'm always here to help, so don't hesitate to reach out if you want to learn more about how MEC plans can benefit your company.