Minimum Essential Coverage
Launch Your MEC Program with Ease and Safeguard Your Company
Our streamlined process takes the hassle out of launching your MEC Program. With our guidance and support, you can quickly establish a program that not only improves the health of your employees but also protects your company from potential IRS fines.
ACA Compliant
Meet and exceed ACA Penalty A standards
Complete Care
Physicians, Urgent Care, Chronic, Dental, Pharma
No Restrictions
Any employment status. Any health conditions.
Award WinningĀ Benefits
Top 10 Benefits Companies of 2023
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30Ā Most ReputableĀ Companies of 2024
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MEC ProgramĀ Setup
Setting up your MEC Program with LifeExec is quick and easy. Our team of experts will guide you through the process, providing all necessary tools and resources. We handle all technical aspects and paperwork, allowing you to focus on running your business.Ā
Steps to Setting up Your MEC:
- Complete the MEC Survey
- Review options with a MEC Expert
- Run an initial enrollment
- ApproveĀ the enrollment census
MEC Survey Form
Confidential Information
Information supplied is only used for the intended purpose of establishing an employer minimum essential coverage program.
Terms & Conditions: As the signer, I agree that I represent the company/organization and am authorized to engage in the interest of the business listed. I agree that Life Exec and HEALTH365+, LLC. and its authorized vendor partners may contact myself and my company/organization for the interest of Employee Health and Welfare Benefits. ā This will confirm that we have authorized LifeExec and HEALTH365 Plus, LLC. (dba: HEALTH365+) to assist us with our employee welfare benefit programs effective immediately. HEALTH365+ is authorized to review our existing contracts and rates; and this letter constitutes your authority to furnish a HEALTH365+ representative with all information they may request as it pertains to our employee and retired employee health insurance & welfare benefits programs, contracts and past communications. We are not terminating our existing broker and they should still receive all commissions negotiated until we notify you otherwise. Our existing broker will also be responsible for the day to day service of our existing contract. Please work with HEALTH365+ as they request other lines of coverage in addition to the Health Insurance & welfare benefits that were recently placed. Negotiations on any additional lines of coverage that HEALTH365+ requests should only be discussed with a HEALTH365+ representative.
We Cover 98% of Your Healthcare Needs
33.4%
Wellness
32.6%
Illness
32.1%
Injury
Minimum Essential Coverage
Helpful information for employers.
Required for ALEs
Minimum Essential Coverage (MEC) is mandatory for Applicable Large Employers (ALE), who are identified as having 50 or more full-time equivalent employees (combining both full-time employees and part-time employees' hours equivalent to full-time).
ACA Fines
According to the IRS, an Applicable Large Employer (ALE) that does not have a Minimum Essential Coverage (MEC) qualified program in place may face fines. The specific penalty amount is $247.50 per employee, calculated by subtracting 30 from the total number of Full-Time Equivalents (FTEs), and applies for each month that the ALE does not have MEC coverage.
Example:
ACA Penalty A Calculation for 50 FTE Employees
50 FTE x $247 x 12 Months = $148,500
LifeExec MEC
MEC plans are designed to cover preventive services, such as screenings and vaccinations, but do not cover common medical treatments.
At LifeExec, we offer comprehensive health programs that not only include MEC preventive screenings but also provide access to doctors, medications, and accident insurance. Our goal is to provide a comprehensive solution that meets the needs of employers and their employees.
