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Draft: 2/1/23 Model#171The revisions to this draft reflect changes made from the existing model.MODEL REGULATION TO IMPLEMENT THE ACCIDENT AND SICKNESS SUPPLEMENTARY AND SHORTTERM HEALTH INSURANCE
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To determine the minimum value, follow these steps:
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Start by arranging the set of values in ascending order.
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Identify the smallest value from the arranged set.
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This smallest value is the minimum value of the set.

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Determining minimum value refers to the process of calculating the least amount of coverage required for health insurance plans to meet regulatory standards, often in accordance with the Affordable Care Act.
Employers offering health insurance coverage are required to file determining minimum value to ensure that their plans meet the minimum standards set by the law.
To fill out determining minimum value, employers need to provide information about their health plans, including coverage details, benefits, and costs to ensure it meets the minimum requirements.
The purpose of determining minimum value is to ensure that health insurance plans provide adequate coverage to employees, protecting them from high out-of-pocket costs and ensuring access to necessary medical services.
Information that must be reported includes the plan's coverage details, the percentage of costs covered, the benefits provided, and any exclusions that apply.
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