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• A health plan meets this standard if it’s designed to pay at least 60% of the total cost of medical services for a standard population. Starting in 2014, individuals offered employer-sponsored coverage that provides minimum value and that’s affordable won’t be eligible for a premium tax credit.

  U.S. Centers for Medicare & Medicaid Services - Cite This Source - This Definition
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  Cite Definition for Minimum value

  American Psychological Association (APA)

  Minimum value. (n.d.). HealthCare.gov Glossary. Retrieved January 28, 2023, from website: http://www.expertglossary.com/definition/minimum-value.

  Chicago Manual of Style (CMS)

  Minimum value. HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. http://www.expertglossary.com/definition/minimum-value (accessed: January 28, 2023).

  Modern Language Association (MLA)

  "Minimum value." HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. 28 January. 2023 http://www.expertglossary.com/definition/minimum-value.

• Browse Related Terms: Affordable coverage (as it relates to APTC), Employee Retirement Income Security Act of 1974 (ERISA), Employer Shared Responsibility Payment (ESRP), Full-Time Employee, Full-Time Equivalent, Minimum value, Multi-Employer Plan, Open Enrollment, Plan, Tax credit, Vision or Vision Coverage