Navigation Links
Zane Benefits Publishes New Information on Defined Contribution Premium Tax Credits

Park City, Utah (PRWEB) November 23, 2013

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

According to Zane Benefits’ website, a common question is "does offering a pure defined contribution health plan disqualify employees from the individual premium tax credits?" The answer is no.

Employees who receive a healthcare allowance through a pure defined contribution plan can still access premium tax credits, as long as they meet other eligibility criteria based on household size and income.

This is because, set up correctly, a pure defined contribution healthcare allowance is not an "eligible employer-sponsored plan". Therefore, offering a defined contribution healthcare allowance to employees does not disqualify them from the individual premium tax credits.

As of 2014, significant tax credits are available to help employees buy individual health insurance coverage through the new state health insurance marketplaces.

If an employee is eligible for these tax credits, the premium they'll pay for coverage will be capped at 2% - 9.5% of their household income.

Employers can take advantage of these individual premium tax credit savings, and continue to offer employees a valuable health benefit, by offering a pure defined contribution plan. Employees purchase policies on the marketplace, access the individual premium tax credits, and are reimbursed for the non-subsidized portion of their premium - up to the amount of their healthcare allowance. With this model, both the business and employees save a combined 50% on health insurance costs.

For businesses with less than 50 FTE employees, a pure defined contribution plan combined with individual health insurance is a no-brainer.

Businesses with 50+ FTE employees should conduct a cost analysis to compare the cost and benefits of (1) offering group health insurance, (2) offering nothing, or (3) accepting any applicable tax penalties and offering pure defined contribution health plan.

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 ("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 plan at lower costs. For more information about Zane Benefits, visit

Read the full story at

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

Related medicine news :

1. Top Health Benefits of Krill Oil Review Revealed by Health News Wires
2. Progressive Dental Marketing CEO Cites Mutual Benefits of Strategic Referral Partnerships
3. United Benefit Advisors Welcomes Vita Benefits Group
4. Zane Benefits Publishes New Information on Health Reform Don’ts
5. Comfort & Harmony™, Makers of the mombo™ Nursing Pillow, Offer Guidance on Feeding Babies and Share the Benefits of Breastfeeding
6. Zane Benefits Publishes New Information on Employer Sponsored Health Insurance
7. Long-lasting gene therapy benefits advanced heart failure patients
8. Long-Lasting Gene Therapy Benefits Advanced Heart Failure Patients
9. Zane Benefits Publishes New Information on ObamaCare Scams Tips
10. President of Employee Benefits Advisory Firm Leads Eye-Opening Workshop on Cost Control at National HR Conference
11. Zane Benefits Publishes New Information on Small Business Health Care Changes
Post Your Comments:
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the American Institutes ... Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , ... advance care planning, healthcare costs and patient and family engagement. , AIR researchers ...
(Date:6/25/2016)... Miami, FL (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton ... Plant City Observer , brings up a new, often overlooked aspect of head lice: ... The closing for fumigation is not a common occurrence, but a necessary one in the ...
(Date:6/25/2016)... ... 25, 2016 , ... First Choice Emergency Room , the largest network ... the Medical Director of its new Mesquite-Samuell Farm facility. , “We are pleased ... location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. ...
(Date:6/25/2016)... ... June 25, 2016 , ... ... recover from injury. Recently, he has implemented orthobiologic procedures as a method for ... is one of the first doctors to perform the treatment. Orthobiologics are substances ...
(Date:6/25/2016)... ... 2016 , ... Conventional wisdom preaches the benefits of moderation, whether it’s a ... the bar too high can result in disappointment, perhaps even self-loathing. However, those who ... , Research from reveals that behind the tendency to set ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... -- Research and Markets has announced the addition ... - Forecast to 2022" report to their offering. ... to date financial data derived from varied research sources to ... potential impact on the market during the next five years, ... of sub markets, regional and country level analysis. The report ...
(Date:6/23/2016)... June 23, 2016 , , ... July 7, 2016 , , , , LOCATION: , , ... , , , EXPERT PANELISTS:  , , , Frost & ... Analyst, Christi Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, ... The global pharmaceutical industry is witnessing an exceptional era. Several new ...
(Date:6/23/2016)... -- Guerbet announced today that it has been named a ... One of 12 suppliers to receive the ... of Premier members through exceptional local customer service and ... lower costs. "We ... customer service from Premier," says Massimo Carrara , ...
Breaking Medicine Technology: