Up to date with 2024 pricing: Want MEC on your QSEHRA plan that meets QSEHRA necessities and QSEHRA guidelines? This is a round-up of your greatest choices for MEC plans for QSEHRA (Certified Small Employer HRA).
QSEHRA Guidelines and MEC
QSEHRA is the brand new, tax-efficient approach for small employers to supply well being advantages. In case your employer is providing you a QSEHRA, congrats! It might take a little bit bit to get the cling of, however we wager you may shortly study to find it irresistible. It is the one setup amongst small enterprise medical health insurance choices that permits workers to get reimbursed for particular person well being premiums and medical bills (if allowed by the QSEHRA). Primarily, you are being handed a blank-check of pre-tax cash to spend on what you want.
Nonetheless, earlier than you possibly can take part in your employer’s QSEHRA, you will need to present proof of Minimal Important Protection (MEC). That is simple when you’ve got a significant medical plan or are coated by your partner’s group plan–you most likely have already got MEC! However what if you need to make use of an alternate plan like a sharing ministry, short-term plan, indemnity plan, or one other kind of plan? These kind of plans won’t meet the MEC requirement on their very own. The excellent news is there are alternatives to buy MEC for your self and your loved ones that may permit these plans to work with QSEHRA. MEC plans may also be a pleasant praise to sharing ministries, short-term, and different different plans by protecting preventive providers not usually coated by different plans.
The place to purchase MEC for QSEHRA Plan
Necessary! The next distributors promote what’s known as P-MEC or “Preventive-Solely MEC”. These plans meet the MEC necessities by offering 100% of your and your households preventive care. These plans won’t shield you if you happen to’re sick or injured and shouldn’t be thought-about insurance coverage. They are going to simply pay on your physicals, properly visits, immunizations, screenings, and different preventive wants (you possibly can see a full listing of what they cowl right here) and nothing else. So please, be sure to’ve bought enough protection to go together with these plans. We don’t endorse these plans, though some distributors are providing reductions to our members. You will have to finish any purposes with these distributors by yourself. We merely are offering an inventory for you. Right here you go!
North American Well being Plans
North American Well being Plans provides a preventative MEC plan known as SelectMed that qualifies as MEC for QSEHRA. There are additionally three ranges of SelectMed plans accessible, and you may learn by way of the advantages in every tier on pages 4 and 5 of their brochure right here. Pricing varies primarily based on the tier (as does extent of protection).
Right here is an outline of their month-to-month plan pricing.
North American Well being Plan Month-to-month Premiums
|SelectMed Professional||SelectMed Max|
|Particular person + Partner||$233.97||$398.97|
|Particular person + Baby||$225.11||$409.19|
The essential plan covers simply your preventative & wellness providers. The upper tiers start so as to add in some primary advantages for specialists, remedy of accidents, prescriptions, psychological well being, MRIs, and many others. You should definitely learn up on every plan, and the constraints on the advantages, to be sure to know what every one covers.
This MEC plan will not be accessible in Alaska, Hawaii, Massachusetts, and New Hampshire.
To enroll, you possibly can attain out on to Lynne Timm, LUTCF, insurance coverage advisor, at North American Well being Plans, at email@example.com or 214-762-4247. Lynne can even enable you analysis to search out your medical doctors, and assist you determine what plan is greatest for you.
Need assistance discovering MEC for QSEHRA?
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This publish was initially printed in 2018 and has been up to date with new data and insights for 2023.