Minimum Value Standard. By David Mark Decherd

According to  the Affordable Care Act, ACA.  Coverage levels have been established to guide consumers and quickly indicate the Value of a plan and if it qualifies  for certain assistance programs.

The Minimum Value Standard, is a threshold that provides a starting place to indicate whether an insurance plan meets the minimum standard. A health plan meets the minimum value standard if it's designed to pay at least 60% of the total cost of medical services for a standard population. Consumers with an offer of job-based coverage for example that provides minimum value and is affordable won't be eligible for the premium tax credit.

Job based coverage is considered affordable if the employee's share of the annual

premium for the lowest cost self-only coverage is  less than 9.56% of the household's income.