Navigation Links
Zane Benefits Publishes New Information on Health Insurance Stipends
Date:10/24/2013

Park City, Utah (PRWEB) October 24, 2013

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

According to Zane Benefits’ website, it's common for a business owner to ask, "Can I offer employees a health insurance stipend, allowing them to find their own insurance plan?"

The answer is yes. Using a pure defined contribution health plan approach, businesses can provide a health insurance stipend to employees to use on health insurance.

In fact, more and more business owners and nonprofits are using health insurance stipends instead of offering a one-size fits all group health insurance plan.

The most common approach to providing a health insurance stipend is to set up a limited-purpose Section 105 medical reimbursement plan. By using a Section 105 medical reimbursement plan, the employer stays compliant with ACA, IRS, ERISA, and HIPAA regulations, and they can offer health insurance stipends on a tax-free basis. In fact, a Section 105 plan is one of the only compliant ways a business can provide health benefits in this way.

Setting up a Section 105 plans is quite simple and this type of approach - providing employees a health insurance stipend instead of a specific health insurance plan - is gaining popularity in the US, especially with smaller businesses and nonprofits.

According to Zane Benefits’ website, a driving force is cost. Continual increases in healthcare costs have adversely impacted most businesses’ ability to provide health benefits in the traditional way. Small businesses have been particularly hurt, and many have dropped group health insurance plans because they have become too expensive.

On top of cost, employers and employees find this type of arrangement attractive because:

  • Employees choose the health plan that best fits their family.
  • Employers fix their costs by giving employees a monthly healthcare stipend.
  • Once implemented, it takes less than 5 minutes per month to administer online.

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/prweb11256779.htm.


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

Related medicine news :

1. PCMA: Eight Ways to Reduce Federal Health Spending and Improve Prescription Drug Benefits in Medicare and Medicaid
2. New Studies Linking Environmental Toxins to Infertility Validate Benefits of Fairhaven Health's FertileDetox
3. Zane Benefits Publishes New Information on Small Business Health Insurance Questions
4. Natural Anti-Inflammatory and Anti-Oxidant Benefits Found in the Pure Daily Body Oil from Sublime Beauty®; Now Available
5. Enhanced Maternity Benefits for Pacific Prime Clients with Bupa International
6. Zane Benefits Publishes New Information on Small Business Health Insurance Options
7. New Wellness Switch from Biomorph Standing Desks Encourages Users to Stand While Working & Counts the Number of Calories Burned to Increase Health Benefits at Work
8. MVB Entertainment Offers Benefits To Its Employees; Including Musicians On Its Independent Record Label MVB Records
9. Zane Benefits Publishes New Information on How to Setup a Defined Contribution Plan
10. Zane Benefits Publishes New Information On Employee Retention With Millennials
11. Zane Benefits Publishes New Information on Employers of Choice
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... California (PRWEB) , ... June ... ... pioneer in the patient payment industry today announced its strategic partnership with ... health system workflows. , The two companies’ proven, proprietary technology combine to ...
(Date:6/26/2016)... ... ... Pixel Film Studios Released ProSlice Levels, a Media Slicing Effect Plugin ... whole new perspective by using the title layers in ProSlice Levels to split-up ... Levels contains over 30 Different presets to choose from. FCPX users can ...
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica Scruggs ... for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs surgery, ... Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, MD, ...
(Date:6/25/2016)... Oklahoma City, Oklahoma (PRWEB) , ... June 25, ... ... to helping both athletes and non-athletes recover from injury. Recently, he has implemented ... for the Oklahoma City area —Johnson is one of the first doctors to ...
(Date:6/24/2016)... ... 2016 , ... June 19, 2016 is World Sickle Cell Observance Day. In ... benefits of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued ... Sickle Cell Disease (SCD) is a disorder of the red blood cells, which can ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  Collagen Matrix, Inc., ... development and manufacturing of collagen and mineral based ... today that Bill Messer has joined ... to further leverage the growing portfolio of oral ... Bill joins the Collagen Matrix executive ...
(Date:6/24/2016)... , June 24, 2016   Bay ... Rehabilitation Network,s Dean Center for Tick Borne ... Medicine and Rehabilitation, MIT Hacking Medicine, University of ... Innovation, today announced the five finalists of ... Lyme disease.  More than 100 scientists, clinicians, researchers, ...
(Date:6/24/2016)... June 24, 2016 Research ... "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" ... In-Mold Electronics, Smart Skin, Structural Health ... Structural electronics involves electronic and/or electrical ... structures, replacing dumb structures such as vehicle bodies ...
Breaking Medicine Technology: