Navigation Links
Zane Benefits Publishes New Information on Brokers and Defined Contribution
Date:8/18/2013

Park City, Utah (PRWEB) August 18, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on brokers and defined contribution.

According to Zane Benefits’ website, defined contribution health plans are the next benefits trend for small businesses and health insurance brokers, alike. New studies predict that small businesses in the U.S. are gearing up to abandon traditional health coverage in favor of a defined contribution strategy.

Why?
A "pure" defined contribution approach provides a simple small business health insurance solution for employers who either (1) cannot afford to enter the small group market, or (2) cannot afford their current health insurance premiums, but still want to offer health benefits to their employees.

For brokers, a defined contribution strategy offers a solution to increase individual health insurance policy sales and retain clients who are canceling group health insurance.

Here are three simple ways brokers utilize defined contribution to help grow their insurance business:

A New Solution for Small Businesses Without Group Health Insurance – The majority of small businesses want to offer health insurance to recruit and retain the top employees, however, over 2.3 million small businesses don't offer health insurance in the US. Many who don't offer health insurance are shopping, but before defined contribution, there was little a broker could do to help companies that couldn’t afford group health insurance. Defined contribution plans allow an employer to have complete control over costs on a monthly basis while still reaping 100% of the tax advantages associated with traditional employer-sponsored health insurance. There are no minimum or maximum contribution requirements. Brokers have another tool to help small businesses provide health insurance by offering a defined contribution solution.

Increased Individual Health Insurance Sales – With a defined contribution health care plan, brokers help employees pick the best health insurance plan for their family. Defined Contribution is like the “401k for health benefits” and the broker becomes an advisor for this. As a result, brokers everywhere are dusting off their once-ignored individual product lines to meet the demands that defined contribution healthcare plans are generating. Defined contribution plans become a lead generation tool for individual health insurance sales.

Increased Voluntary Healthcare Sales – Many brokers use defined contribution health care plans as a tool to generate more voluntary healthcare sales. Defined contribution can be used to reimburse voluntary products like qualified dental, vision, and accident health insurance plans.

To summarize, offering defined contribution solutions can be a good fit for brokers who want to be on the forefront of benefits solutions and recognize that innovation and choice bring value to their clients.

Click here to read the full article.
--

About Zane Benefits

Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com .

Read the full story at http://www.prweb.com/releases/2013/8/prweb11019036.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Talking to Yourself Could Have Mental Benefits
2. Research examines when benefits of screening mammography outweigh the harms for women in their 40s
3. Everyday fish oil capsule may provide kidney-related benefits
4. Back Pain Therapy Often Yields Early Benefits: Study
5. Benefits of Widespread Statin Use Outweigh Risks: Study
6. Accelerated chemotherapy given before surgery benefits patients with muscle-invasive bladder cancer
7. Experts call for clinical trials to test non-skeletal benefits of vitamin D
8. Flu shot during pregnancy shows unexpected benefits in large study
9. Zane Benefits Announces Wellness HRAs: A New Way to Reward Healthy Employees
10. Tai Chi increases brain size, benefits cognition in randomized controlled trial of Chinese elderly
11. MTSS-mba Membership Benefits Administration Software for Private and Taft-Hartley Employee Benefit Funds Releases New Pension Modules
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Dickinson Insurance and ... and financial preparation services, is providing an update on a charitable event that ... City Rescue is a locally recognized nonprofit that provides shelter and care for ...
(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health and ... Applying the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing CBD ... that can be easily incorporated into liquid products, while reducing costs to end users. ...
(Date:10/13/2017)... N.J. (PRWEB) , ... October 13, 2017 , ... The ... Holly Day Market. Featuring a collection of specialty vendors and unique items from across ... personalized and quality-focused health and wellness services offered by the VNA. The boutique ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... Software Development, has been awarded a contract by the Center for Medicare and ... aims to accelerate the enterprise use of Agile methodologies in a consistent and ...
(Date:10/12/2017)... LA (PRWEB) , ... October 12, 2017 , ... Planet ... in the U.S., announced today its plans to open a flagship location in Covington, ... occupy the former Rooms To Go store next to Office Depot in the Holiday ...
Breaking Medicine News(10 mins):
(Date:9/12/2017)... Sept. 12, 2017   EcoVadis , the leading platform for environmental, ... first annual edition of its Global CSR Risk and Performance Index. The ... EcoVadis, based on Scorecard Ratings that analyzed nearly 800,000 data points across ... ... ...
(Date:9/12/2017)... SAN FRANCISCO , Sept. 12, 2017 /PRNewswire/ ... Lifecycle Management Solutions (VLMS), is pleased to announce ... as a member of its Board of Directors ... 2017. ValGenesis VLMS enables life science companies to ... eliminate the use of paper in this process. ...
(Date:9/9/2017)... YORK , Sept. 8, 2017 Dealmed ... largest independent supplier of medical equipment, supplies, drugs, vaccines, ... it has entered into an agreement to acquire Vantage ... equipment based in Holtsville, New York ... specializes in supplying new and emerging medical practices, will ...
Breaking Medicine Technology: