Navigation Links
Zane Benefits Publishes New Information on Health Insurance Allowances
Date:10/27/2013

Park City, Utah (PRWEB) October 27, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on health insurance allowances.

According to Zane Benefits’ website, pure defined contribution health models are fast becoming popular with small businesses. With pure defined contribution a business contributes a fixed dollar amount toward employees' health insurance costs.

The defined contribution plan (and health insurance allowance) is not a health insurance plan. Rather, it's a compliant way to reimburse employees for individual health insurance premiums.

The most common approach to providing a health insurance allowance is to use a limited-purpose Section 105 medical reimbursement plan. With this type of plan, the business decides the amount of the health insurance allowances, who is covered and employee eligibility criteria. A Section 105 plan is one of the only compliant ways a business can provide reimbursement for personal health insurance policies.

For small businesses, recruiting and retaining quality employees is vital. Offering health benefits is an important part of the compensation offered to them, and it sets the business apart as an employer of choice.

Whether the business is hiring its first W2 employee, a formal health benefits package is needed to retain a key employee, or group health insurance costs exceed internal budgets, providing a health insurance allowance allows small businesses to offer formal health benefits.

According to Zane Benefits’ website, another reason many small businesses are using health insurance allowances is because of new opportunities with health reform.

  • Massive tax subsidies on the individual insurance market will be available to most employees as eligibility is based on household income.
  • All individual policies are guaranteed-issue, eliminating the non-economic (i.e. moral) factors from a small business's decision-making process. In other words, businesses feel assured that sick employees will be able to secure individual health coverage.
  • For small businesses there is no employer mandate and no penalties for not offering traditional health insurance in 2015.

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 http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/10/prweb11268522.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:1/17/2017)... CO (PRWEB) , ... January 17, 2017 , ... ... protection and financial planning assistance to families and business professionals throughout central Colorado, ... to regional homeless families. , The Aurora Warms The Night organization is committed ...
(Date:1/17/2017)... ... January 17, 2017 , ... ... survivor Sandra Lee as keynote speaker for the 34th Annual Miami Breast Cancer ... making the announcement, PER® president, Phil Talamo, said, “We are delighted to have ...
(Date:1/17/2017)... ... January 17, 2017 , ... Today, FloSports , a global ... a new agreement as part of a long-term extension of their media partnership. The ... airing of some of the sport’s premier events exclusively on FloWrestling.com as well as ...
(Date:1/16/2017)... ... January 16, 2017 , ... California Southern University has named Dr. ... CalSouthern’s Board of Trustees and as a core faculty member, teaching master’s and doctoral ... professor of psychology at Pepperdine University, where he earned his Doctor of Psychology degree ...
(Date:1/16/2017)... ... January 16, 2017 , ... Anybody who may be looking for ... new video released by Serenity Recovery, a holistic treatment center for addiction located in ... features footage and testimonials from patients and staff that visited the 2016 Recovery Palooza ...
Breaking Medicine News(10 mins):
(Date:1/17/2017)... -- In a letter to President-elect Donald J. Trump ... AARP,s priorities for Americans age 50 and older including ... health care coverage, and lowering the cost of prescription ... President-elect Trump that "Our nearly 38 million members nationwide ... protect their Medicare and Social Security benefits, protect their ...
(Date:1/17/2017)... , Jan. 17, 2017   Anesthesia ... billing and practice management for the anesthesia and ... marijuana, which remains a "clinical conundrum" (as described ... chronic pain practitioners to think carefully before recommending ... 395-page report by the National Academies of Sciences, ...
(Date:1/17/2017)... NEW YORK , Jan. 17, 2017 ... clinical stage biopharmaceutical company, announced today that it will ... International Symposium on Acute Leukemias (ISAL) XVI in ... symposium is entitled:  "Reinforcing the Efficacy of Immunotherapy for ... will take place on Monday February 20 th , 2017 ...
Breaking Medicine Technology: