Question

What is Minimum Value

Answer 1

Answer:

Minimum value is a standard of minimum coverage that applies to job-based health plans. A health plan meets the minimum value standard if both of these apply: It's designed to pay at least 60% of the total cost of medical services for a standard population.

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Answer 2

Minimum value is a standard of minimum coverage that applies to job-based health plans. A health plan meets the minimum value standard if both of these apply: It's designed to pay at least 60% of the total cost of medical services for a standard population.

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