What is the Massachusetts Minimum Creditable Coverage under the ACA employer Mandate requirements?
118 views | Last modified 11/10/2023 4:47:29 AM EST | Added by TaxBandits Team

Under the Affordable Care Act (ACA) employer mandate, Massachusetts Minimum Creditable Coverage refers to the minimum level of health insurance coverage that an employer must offer to its full-time employees in order to avoid paying the penalty under the ACA's employer mandate requirements. The employer mandate requires applicable large employers (generally those with 50 or more full-time equivalent employees) to offer qualifying health insurance coverage to their full-time employees and dependents or pay the penalty.

In Massachusetts, the Minimum Creditable Coverage standard sets the minimum requirements for health insurance policies to be considered qualifying coverage under the ACA's employer mandate. In general, policies that meet the Minimum Creditable Coverage standard provide coverage for a comprehensive range of healthcare services, including preventive care, hospitalization, prescription drugs, and mental health services. The specific requirements may vary from year to year, so it's essential to check with the state for the most up-to-date information on the Minimum Creditable Coverage standards in Massachusetts under the ACA's employer mandate.