Bare Bones Health Plans Make Headway

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Bare Bones Health Plans Make Headway
Calendar07 July 2014

Much has been written about bare-bones health plans, aka skinny plans. Typically, these provide minimum essential coverage but don’t meet the minimum value requirement. A Mercer survey of more than 750 employers in January 2014 found that while just 8% of respondents currently offered a plan option with an actuarial value of less than 60%, a surprisingly high 18% were considering it. Some of these employers may be thinking of offering a bare-bones plan alongside a plan that meets the minimum value requirement as an inexpensive option for employees who want to comply with the individual mandate at the lowest possible cost. Even though the benefits are scaled back, the affordability is appreciated. Time will tell if these types of plan options gain momentum.

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