All glossary posts

Minimum Value (MV)

Learn what Minimum Value (MV) means for health plans, how it affects employers and employees, and why it matters for ACA compliance.
Written by
SimplyHRA.com
A health plan provides Minimum Value if it pays at least 60% of the total allowed cost and provides substantial coverage of inpatient hospitalization and physician services (Treas. Reg. § 1.36B-6). Plans that exclude hospitalization do not provide Minimum Value, even if they meet the 60% threshold.
Stop Overpaying For Group Plans Your Team Doesn't Even Like
SimplyHRA lets employers set a fixed monthly ICHRA budget and gives each employee a pre-funded virtual card to buy the health coverage that fits their life—their doctors, their family, their state. No group plan renewals. No one-size-fits-all. Just $29/employee/month, all-in.
Pricing
Free Consultation
Latest posts

Related glossaries

Interviews, tips, guides, industry best practices, and news.
View all glossary posts
Design
8 min read

Waiting Period

Clear guidance on ACA 90-day waiting periods, ICHRA timing, common mistakes, and best practices for small business compliance and employee communication.
Read post
Design
8 min read

W-2 Safe Harbor

Understand the W-2 Safe Harbor for ACA affordability: how it works, employer responsibilities, common pitfalls, ICHRA interaction, and compliance tips.
Read post
Design
8 min read

W-2 Employee

Clear guide on W-2 employee classification, employer responsibilities, and how W-2 status affects health benefits like ICHRA and QSEHRA.
Read post