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:12/8/2016)... ... ... Fitness Camp (PFC) and The Chopra Center for Wellbeing announced today the launch of ... headquarters of Omni La Costa Resort & Spa in San Diego. , Chopra FIT ... development, a healthy lifestyle, or mental and physical healing. The week-long wellness program combines ...
(Date:12/8/2016)... ... December 08, 2016 , ... ... to its innovative Unified Instance Manager architecture, meeting the needs of multichannel ... version optimizes the unattended auto-dialing system without agents, Presence Robodialer, provides greater ...
(Date:12/8/2016)... (PRWEB) , ... December 08, 2016 , ... ... Medical Center has been recognized for adherence to the highest standards of ... medical accreditation organizations, announced the center's president and CEO, Dr. Daniel Messina. , ...
(Date:12/8/2016)... ... 08, 2016 , ... California Senate Bill (SB) 863, signed into law in ... 2013 and 2014, according to CompScope™ Medical Benchmarks for California, 17th Edition , ... the study, medical payments per claim in California decreased 4 percent in 2013 and ...
(Date:12/8/2016)... ... December 08, 2016 , ... ... Affordable Care Act. Dr. Botelho advocates for the mass media launching of story ... people ongoing opportunities to share their unfortunate experiences; such a movement can generate ...
Breaking Medicine News(10 mins):
(Date:12/8/2016)... Dec. 8, 2016 A Small Business Innovative ... Institutes of Health (NIH) to Phoenix ... The grant will seek to determine an ... which utilizes electromagnetic waves to treat Alzheimer,s Disease. The ... technology to possibly treat other neurologic disorders such as ...
(Date:12/8/2016)... 2016  Economic growth in the United States will ... management executives in their December 2016 Semiannual Economic Forecast. ... that began in mid-2009, as indicated in the monthly ... . The manufacturing sector is optimistic about growth in ... industries, and the non-manufacturing sector indicates that 14 of ...
(Date:12/8/2016)... 2016  Hanson Research, an innovative leader in ... diffusion testing instruments for the pharmaceutical industry, announced ... Inc. ("Teledyne"). The move is designed to deepen ... instruments, as well as expand resources for further ... and services. Logo - http://photos.prnewswire.com/prnh/20161208/446988LOGO ...
Breaking Medicine Technology: