Minimum Value (MV) (IRC section 36B(c)(2(C)(ii)). A plan that does not meet Minimum Value often will still be considered Minimum Essential Coverage. What it is: Minimum Value is an ACA requirement that ensures health insurance policies and plans provide meaningful coverage at or above a threshold level. Minimum Value is met when a plan pays on average at least 60% of the actuarial value of the total allowed cost of benefits under the plan.