Navigation Links
Professor Paul Zane Pilzer Outlines Impact of 2012 Election on Business Health Insurance

(PRWEB) December 13, 2012

Zane Benefits is the leader in Defined Contribution and Health Reimbursement Arrangement (HRA) solutions for business health benefits. Today, Zane Benefits' founder and CEO, Professor Paul Zane Pilzer, published an article analyzing the election impact on business health insurance.

The 2012 reelection of President Obama has brought certainty and clarity to the U.S. business health insurance market. Finally, employers and their health insurance brokers have the information they need to make the best decision for their business and their employees regarding employee health benefits for 2013 and beyond. 

The best decision for most employers and their employees will be to eliminate their company-sponsored health insurance in favor of a defined contribution HRA solution. That’s because employees no longer need employers to purchase quality health insurance, and, starting in 2014, employees earning less than 400% of the FPL (~$92,000 for a family of four) per year who purchase a personal policy will receive a large federal subsidy on their premium if their company doesn’t offer a group plan. 

As a result, virtually every employer with less than 50 employees will switch from group coverage to simply giving employees tax-free allowances via an HRA to purchase their own individual policy. And many large employers will follow suit once they realize how large of a subsidy their employees receive if the employer doesn’t offer group coverage. 

Small businesses, defined as employers with less than 50 full-time employees, should switch now to a defined contribution HRA solution. This is because small businesses are not subject to any employer penalties for not offering traditional group health insurance coverage, and all of their employees now or will soon qualify for guaranteed issue individual health insurance. Employers and their employees can save a combined 50% in 2013 by switching now to individual vs group health insurance.

Large businesses, defined as employers with 50 or more full-time employees, need to carefully evaluate the cost and benefits of a defined contribution HRA solution along with the cost of applicable tax penalties for not offering traditional group health insurance coverage.  

The mass cancellation of employer-sponsored group policies may be an “unintended consequence” of Health Care Reform. Or, it may have been an “intended consequence”. Regardless of one's political point of view, health care reform is now the law and is causing employers, small and large, to drop their group employer-sponsored health insurance plan. 

For more information, contact a Zane Benefits HRA Specialist or complete the Defined Contribution Readiness Worksheet to determine whether the switch should be made now or in 2014.

  • - -
About Zane Benefits, Inc.
Zane Benefits, Inc, a software company, helps insurance brokers, accountants, and employers take advantage of new defined contribution health benefits and private exchanges via its proprietary SaaS online health benefits software. Zane Benefits does not sell insurance. Using Zane’s platform, insurance professionals and accountants offer their clients a defined contribution plan with multiple individual health insurance options via a private health exchange of their choice.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. University of Southern Mississippi Professor Collaborates with Houston Police for Eyewitness Research Study
2. Grove Professor receives $1.5MM to study breast cancer therapies
3. Huddersfield professors ground-breaking research shows just how well the 2012 Games were run
4. UBC professor wins Canadas top pharmaceutical research award
5. Guys, take note: Male birth control pill may be ready soon, says Texas A&M professor
6. IHME professor named first health measurement winner of prestigious innovation award
7. From textbook to flexbook: Professor uses new collaborative tool in the classroom
8. President Obama names SF State math professor a top young scientist
9. Women professorships low in some Scandinavian universities due to sexism
10. Louisiana Tech biomedical engineering professor earns recognition, funding for research
11. Clemson professor awarded nearly $600,000 4-year grant to study language of plants
Post Your Comments:
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... ... failing. Secura Consultants has prided itself for not only fulfilling the needs of ... protection solutions at an affordable price and providing top-tier customer service. However, there's ...
(Date:11/27/2015)... Rosa, CA (PRWEB) , ... November 27, 2015 , ... ... Northern California Medical Associates, Inc. and Dr. Tucker Bierbaum with Emergency Medicine at ... meeting. They observed that both STEMI and Sepsis conditions present in similar ways and ...
(Date:11/26/2015)... , ... November 26, 2015 , ... Inevitably when people ... customers choose to buy during the Black Friday and Cyber Monday massage ... need to search the Internet high and low to find the best massage chair ...
(Date:11/26/2015)... ... November 26, 2015 , ... Jobs in hospital medical laboratories and in the ... healthcare staffing agency Aureus Medical Group . These fields, as well ... those searching for healthcare jobs through the company’s website, , The ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... and wellness consultation, has collaborated with Women’s Web – an online resource ... on topics on mental and emotional well-being relationship, life balance, stress, professional ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... UTRECHT, the Netherlands , November 26, 2015 /PRNewswire/ ...   A new combination approach blends immunotherapy ... --> A new combination approach blends immunotherapy with ... A new combination approach blends immunotherapy with ... the Netherlands has found that immunotherapy ...
(Date:11/26/2015)... --> --> ... find optimal contrast weighting of MRI for patients with ... a research agreement with SyntheticMR in order to use SyMRI ... is possible to generate multiple contrast images from a single ... left, thus making it possible to both fine tune images ...
(Date:11/26/2015)... FRANCISCO , November 26, 2015 ... billion by 2022, according to a new report by Grand ... Chronic Kidney Disease (CKD) which demands kidney transplantation is expected ... and cost effective substitute for organ transplantation. --> ... billion by 2022, according to a new report by Grand ...
Breaking Medicine Technology: