Minimum Value Plan (MVP) or Bronze Plan
The Minimum Value Plan(MVP) or Bronze Plan is a self-funded Catastrophic Major Medical plan that is fully compliant with the Affordable Care Act (ACA). This plan provides 100% preventive coverage in-network as outlined by the ACA. This plan satisfies the Individual Mandate and eliminates all employer penalties when offered at an approved ACA affordability level. This plan does require that you offer the MEC Plus Plan alongside the MVP Plan.