Client Profile
- Industry: National staffing company
- Employees: Hourly workforce with ACA compliance needs
- Existing Coverage: Underperforming MEC plan and a low-enrollment MVP plan
Challenge
The company’s existing MEC plan was failing to deliver value, and its MVP plan had minimal employee interest. They needed:
- A better MEC solution with stronger enrollment and cost efficiency
- Guidance on whether to continue offering the MVP plan
- A clear comparison of available options
Solution
William Hammett conducted a market analysis and presented:
- Three MEC plan recommendations with a detailed comparison spreadsheet
- Strategic advice to discontinue the MVP plan, as the cost of offering it exceeded the potential ACA 4980H(b) penalties
- A plan design with 70% employer contribution for single coverage
Results
- Enrollment Increase: +25% compared to the prior MEC plan
- Cost Reduction: Lower monthly costs for the employer
- Financial Efficiency: Potential for 10% return of unused claims funds