Sentences with phrase «essential coverage mandate»

Because of these characteristics, short - term health insurance doesn't satisfy the Affordable Care Act's minimum essential coverage mandate; you'll still have to deal with the tax penalty.

Not exact matches

Health care sharing ministries are also not considered minimum essential coverage, although their members are eligible for an exemption from the ACA's individual mandate penalty.

Minimum essential coverage is health insurance coverage that satisfies the Affordable Care Act «s shared responsibility provision (individual mandate)-- in other words, people with minimum essential coverage are considered insured and thus do not have to pay a penalty for being uninsured.

The Individual Mandate requires that most Americans have what's called «minimum essential coverage.»

Additionally, the law mandates that every health insurance plan needs to cover ten essential benefits, providing a federally - mandated minimum amount of coverage for all health insurance plans.

The Affordable Care Act designated dental coverage for children as an essential health benefit, but dental coverage for adults is not mandated.

U.S. - issued expatriate plans are considered minimum essential coverage that meets the individual mandate and are considered eligible plans for purposes of the employer mandate

In other words, as long as you have minimum essential coverage in place, you're not subject to the ACA's individual mandate penalty (even if you don't have minimum essential coverage, you won't be subject to the penalty if you qualify for an exemption, but that's not the same as having minimum essential coverage).

Short - term health insurance is not minimum essential coverage, so people who use short - term plans are subject to the ACA's individual mandate penalty.

[Medical fixed indemnity plans are considered excepted benefits under the Affordable Care Act, and are not subject to its regulations; coverage under a fixed indemnity plan is not considered minimum essential coverage, which means that people who have these plans are not considered insured, and are subject to the ACA's individual mandate penalty.].

Minimum essential coverage is simply defined as coverage that is deemed acceptable for fulfilling the ACA's individual shared responsibility provision — aka, the individual mandate.

On the other hand, if the only insurance you have is a plan you purchased yourself that is NOT considered minimum essential coverage, you won't be in compliance with the ACA's individual mandate, which means you'll be subject to the penalty unless you've got an exemption.

As described above, minimum essential coverage is coverage that fulfills the ACA's individual mandate.