Navigation Links
Zane Benefits Publishes New Information on How Small Businesses Buy Health Insurance
Date:9/1/2013

Park City, Utah (PRWEB) September 01, 2013

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

According to Zane Benefits’ website, with health care reform right around the corner, many small businesses and their brokers are strategizing about the best health benefits solution for 2014. Here's a look at two common small business health insurance approaches: pure defined contribution and group health insurance through the new SHOP exchanges.

A "pure" defined contribution health plan is not linked to a group health insurance plan. Rather, the defined contribution health plan is the business's health benefit. It allows the employer to contribute any amount to employees' health care costs (including individual insurance), and gives employees access to individual health insurance subsidies through the new health insurance exchanges.

The business provides employees a fixed monthly allowance for health insurance premiums and other eligible medical expenses.

Employees submit their expenses to their defined contribution provider, and the business reimburses employees tax-free, usually on payroll.

One hurdle preventing some businesses to switch to a defined contribution health plan was key employees with a pre-existing condition. But this hurdle goes away in 2014 due to the guaranteed-issue mandate.

The SHOP exchange is similar to the current small group market except that the small business health care tax credits will only be available through the SHOP, and a limited number of states will offer "employee choice" plans.

Small businesses with less than 100 employees or less than 50 employees are eligible to shop in the small businesses health options exchange, depending on the state. The small business SHOP exchanges will open on October 1, 2013 for shopping and enrollment, with plan coverage starting January 1, 2014. Small business health care tax credits will only be available through the SHOP exchanges.

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 ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and 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 ZaneHRA, visit http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11072300.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:2/22/2017)... ... February 22, 2017 , ... ... with so many different solutions on the market, it is easy to start ... Texas Premier Locksmith offers a complimentary security consultation. , Home Security Hardware ...
(Date:2/22/2017)... ... February 22, 2017 , ... Apptricity® Corporation, a leading ... spend management, today announced that Keppel Corporation has selected Apptricity Travel and Expense ... , “We are excited to announce the partnership between Keppel and Apptricity for ...
(Date:2/21/2017)... Okla. (PRWEB) , ... February 21, 2017 , ... ... new Choctaw Nation Regional Medical Clinic in Durant, Oklahoma, on Feb. 21. , ... by clinic tours for community members, clinic employees, the construction team and tribal ...
(Date:2/21/2017)... CA (PRWEB) , ... February 21, 2017 , ... Doctors ... , CA, directed by Dr. Kendell Mendonca , to its growing network of ... compensation injuries including injuries stemming from car accidents such as whiplash, back pain, neck ...
(Date:2/21/2017)... Fort Worth, TX (PRWEB) , ... February 21, 2017 , ... ... planning assistance to communities in and around Tarrant County, is embarking on a six ... to research cures and treatments for cancer. , Cancer is one of the deadliest ...
Breaking Medicine News(10 mins):
(Date:2/22/2017)... NeuroVive Pharmaceutical AB (Nasdaq Stockholm: NVP, ... new research agreements and the appointment of Professor ... , MD, PhD, FRCP, as scientific advisors. The aim ... drug compounds in development for the treatment of NASH ... new collaboration with Philippe Gallay , the research ...
(Date:2/21/2017)... Feb. 21, 2017 Mass Spectrometer Market: ... http://www.reportlinker.com/p04711309-summary/view-report.html This report on mass ... future prospects of the market globally. The stakeholders ... in the manufacture and commercialization of various mass ... entrants planning to enter this market. This report ...
(Date:2/21/2017)...  IBM (NYSE: IBM ) Research has today announced ... of the eye,s retina. The Melbourne ... to recognize abnormalities in retina images, which could in the ... identification of patients who may be at risk of eye ... in the developed world. The research began ...
Breaking Medicine Technology: