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Zane Benefits Publishes New Guide on Stand-Alone HRA Plans
Date:5/5/2013

Park City, Utah (PRWEB) May 05, 2013

Today, Zane Benefits, Inc. published a new guide on Stand-Alone HRAs. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution health plans and health reimbursement arrangements.

According to Zane Benefits’ website, a stand-alone HRA is an affordable alternative to an employer-sponsored group health insurance plan that helps small businesses (and businesses of all size) recruit and retain employees. Rather than paying the costs to provide a specific group health plan, an employer can fix costs on a monthly basis by establishing a stand-alone Health Reimbursement Arrangement (HRA).

According to Zane Benefits’ website, the general concept of a stand-alone HRA is that a company would:

  • Cancel its group health insurance plan (if it has one).
  • Define any amount it can afford for health benefits.
  • Select an Insurance Professional to help employees shop for and purchase individual health policies (typically, this saves the employees 25-50%).
  • Use HRA Software to reimburse employees tax-free on payroll
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