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Zane Benefits Publishes New Information on Defined Contribution Administration
Date:12/28/2013

bout Defined Contribution and health care reform

The Defined Contribution Administration software should allow a business to give employees their allowances monthly or at any time on an exception basis—with automatic monitoring of HIPAA and ERISA discrimination compliance rules. Deferred allowances should be possible for new hires, and suspended allowances should be allowed for former employees that employers hope to re-hire on a seasonal basis.

The Defined Contribution Administration provider should process claims within 24 hours and employees should be able to inquire about their claim via online chat, email, fax, mail, or telephone. No claim should be rejected for improper or incomplete submission without multiple contacts. All employee contact should leave clear audit trails and meet appropriate regulatory guidelines (e.g. ACA, IRS, HIPAA, ERISA, SAS 70). Look for software that provides “real-time” tracking on claims, available online 24/7.

Click here to read the full article.

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About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHealth") for 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 pl
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