Navigation Links
Zane Benefits Publishes New Information on How Small Businesses Struggle With Health Insurance
Date:8/14/2013

(PRWEB) August 14, 2013

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

According to Zane Benefits’ website, small businesses make up the majority of employers in the US, and yet studies show that small businesses struggle the most with offering health insurance. The majority of the 7.4 million employers in the US are micro and small businesses.

A few interesting statistics about US employers:
82% of all US employers (?6 million employers) have less than 200 employees
62% of all US employers (4.6 million employers) have less than 10 employees

Studies show that the smaller the business, the less likely they are to offer health insurance.

98% of all larger businesses (200+ employees) offer health insurance.
39% of all small and medium businesses (< 200 employees) do not offer health insurance.
50% of all micro employers (< 10 employees) do not offer health insurance.

That means 2.37 million small businesses who don't offer health insurance.

?The primary reason small businesses don't offer health insurance is cost. When small business owners are surveyed about the the primary reason they do not offer health insurance, 61% say it's because of cost.

Premiums are rising so quickly that small business owners are often dealt annual renewal rates they cannot afford. Between 1999 and 2012, group health insurance premium rates to cover a single employee increased from $2,196/year to $5,615/year. These cost increases have been reflected in the declining rates of small businesses offering health insurance, especially among employers with less than 10 employees.

The Solution? Alternatives Such as Defined Contribution

Experts predict that up to 60% of educated employers plan to pursue alternatives to offering health insurance by 2014, including “defined contribution”.

With a "pure" defined contribution approach the small business offers health benefits in the form of a stand-alone Health Reimbursement Arrangement. The small business simply uses the defined contribution health plan to reimburse employees tax-free for their personal insurance policies (and other eligible medical expenses, as the business allows in their plan).

A "pure" defined contribution health plan allows the small business to completely define and control the cost of employee health benefits, while providing employees' access to the same or better health insurance coverage.

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/2013/8/prweb11018639.htm.


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

Related medicine news :

1. Zane Benefits Publishes New Information on the Marketplaces for Those with Health Insurance
2. Zane Benefits Publishes New Information on Reimbursement of Health Insurance Premiums
3. Zane Benefits Publishes New Information on the New Health Insurance Subsidies
4. Zane Benefits Publishes New Information on HRA Timing Rules
5. Zane Benefits Publishes New Information on How to Offer Better Health Insurance
6. Tidy desk or messy desk? Each has its benefits
7. Naomi Wolf Keynote Speaker at Orgasmic Meditation Xperience (OMX): A Conference on the Medical Benefits of Female Orgasm, Open to the Public August 9th
8. Zane Benefits Publishes New Information on Navigator Final Rule
9. Zane Benefits Publishes New Information on Small Business Health Insurance for Employees
10. Zane Benefits Publishes New Information on Section 105 for Small Business Owners
11. Zane Benefits Publishes New Information on HRA Distributions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2017)... ... ... Allegheny Health Network and the Alexis Joy D’Achille Foundation ... at West Penn Hospital , a unique facility that will offer the most ... Construction of the Center is underway with a scheduled opening in the fall of ...
(Date:5/23/2017)... ... May 23, 2017 , ... New England Journal Of Medicine Confirms Viability of ... Response”, -The Rory Staunton Foundation Calls on Health & Human Services, Tom Price to ... ( http://www.rorystauntonfoundation.org ) today reported on a new study released on May 21, 2017 ...
(Date:5/23/2017)... ... May 23, 2017 , ... London, May 23, 2017: Walter Schindler, ... this month as a Guest Speaker and Contributor to a weeklong series of classes, ... Purpose. , Walter Schindler and SAIL Capital have received ...
(Date:5/23/2017)... ... May 23, 2017 , ... Drs. Allen Huang and Jeffrey ... in Las Vegas, NV, and the importance of treating it immediately. They are ... care for peri-implantitis, with or without a referral. As experienced periodontists and implant ...
(Date:5/23/2017)... ... May 23, 2017 , ... New patients from Charleston, SC, are now ... practicing in Mt. Pleasant, SC, with or without a referral. A full mouth reconstruction ... missing teeth in Charleston, SC. Those who suffer from gum disease, misaligned ...
Breaking Medicine News(10 mins):
(Date:5/8/2017)... -- Diplomat Pharmacy, Inc. (NYSE: DPLO)., has completed its acquisition ... care service center company based in Chantilly, ... management programs for leading pharmaceutical manufacturers and health care ... will join Envoy Health Management, LLC , as ... firms, and other service companies. Together, WRB and EnvoyHealth ...
(Date:5/4/2017)...  A recent study published in the American ... as a means of disinfection anesthesia workstations ... on anesthesia workstations. In the study, UVC disinfection ... equipment surfaces contaminated with three (3) organisms commonly ... further validates the body of literature supporting Tru-D," ...
(Date:5/4/2017)... 4, 2017   BioLife Solutions , Inc. (NASDAQ: ... marketer of proprietary clinical grade hypothermic storage ... "Company"), today announced that the Company,s first quarter 2017 ... Thursday, May 11, 2017, and that the Company will ... p.m. PT that afternoon. Management will provide an overview ...
Breaking Medicine Technology: