Navigation Links
Zane Benefits Publishes New Information on How to Implement Defined Contribution Health Benefits
Date:11/14/2013

Park City, Utah (PRWEB) November 14, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on how to implement defined contribution health benefits.

According to Zane Benefits’ website, implementation of a new health benefits program is key to its success. Educating and onboarding employees in a positive way makes plan management more successful in the short-term and in the long-term - and creates benefits that both the business and employees love.

Implementation Step #1: Enroll Employees

After setting up a defined contribution health benefits and downloading the Section 105 HRP plan documents, the first step is to enroll employees online.

With defined contribution software, this is a simple task of entering basic personal information and enrolling them in their employee class.

Implementation Step #2: Educate Employees

After you enroll employees, the defined contribution software provider should provide a custom tool kit to educate employees on: employee education defined contribution, the benefits of a defined contribution health benefits, the benefits of individual health insurance, how to request premium reimbursement and take advantage of the benefit, and how to get questions answered if they have them.

Implementation Step #3: Provide a Health Insurance Broker to Help Employees Select Plans

With "pure" defined contribution health benefits, employees purchase their own individual health insurance. For some employees, this is a new experience. Providing a health insurance broker or consultant to help employees select and purchase plans will help guide employees through the application process. This will also help employees choose plans that best fit their individual or family needs, such as keeping the same network of providers and balancing their premium with out-of-pocket costs.

Implementation Step #4: Plan for Reimbursements

According to Zane Benefits’ website, common ways include on payroll, direct deposit, or by separate check. Set up a line item in the payroll system. If using a Section 105 HRP as the foundation of your defined contribution health benefits, the line item will be classified as a tax-free business expense reimbursement.

Implementation Step #5: Communicate with Employees Early-On & Frequently

How and what is communicated to employees varies by company. But as a rule of thumb, keep the communication open between HR and employees, and check in frequently. Many businesses make assumptions about what employees prefer or understand when it comes to benefits.

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/2013/11/prweb11325274.htm.


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

Related medicine news :

1. Zane Benefits Publishes New Information on New Health Reform Rules
2. Tips from Water and Skin Researcher About How “Pre-Moisturizing” Improves Benefits of Skin Lotion
3. Animal, human health benefits anticipated from universitys premier biomedical instrument
4. 2014 Industry Forecast: Top Three Trends in Employee Benefits
5. Zane Benefits Publishes New Information On How to Control Healthcare Costs
6. Pacific Prime Clients with Allianz Receive Enhanced Health Insurance Benefits
7. Zane Benefits Publishes New Information on Why Individual Health Insurance Costs Less
8. Zane Benefits Publishes New Information on FSA New Rules
9. Zane Benefits Publishes New Information on Tips for Individual Health Insurance
10. Potential for added medical benefits uncovered for widely used breast cancer drug
11. Zane Benefits Publishes New Information on Preparing for Health Reform
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... 2017 , ... The International Association of Eating Disorders Professionals ... the field of eating disorders, announces the opening of early registration for the ... at the Omni Resort at ChampionsGate. , The annual iaedp™ Symposium ...
(Date:10/13/2017)... Calif. (PRWEB) , ... October 13, 2017 , ... Many ... dementia. However, many long-term care insurance companies have a waiver for care if the ... 90-day elimination period, when the family pays for care, is often waived, so the ...
(Date:10/13/2017)... ... October 13, 2017 , ... Talented host, actor Rob ... sciatica in a new episode of "Success Files," which is an award-winning educational ... and investigates each subject in-depth with passion and integrity. , Sciatica occurs when ...
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and ... apnea using cutting-edge Oventus O2Vent technology. As many as 18 million Americans ... frequent cessation in breathing. Oral appliances can offer significant relief to about 75 ...
(Date:10/12/2017)... ... October 12, 2017 , ... Asante, a nationally ... care, have expanded their existing home health joint venture through an agreement, effective ... operating a joint venture home health company with Asante, delivering clinically integrated care, ...
Breaking Medicine News(10 mins):
(Date:9/19/2017)... , Sept. 19, 2017   ZirMed Inc ., ... analytics, today announced that it has been ranked #1 by ... Black Book™ Rankings 2017 User Survey. ZirMed was recognized ... for large hospitals and medical centers over 200 beds and ... Book,s healthcare technology user survey history. ...
(Date:9/13/2017)... ATLANTA , Sept. 13, 2017   OrthoAtlanta ... to the Atlanta Football Host Committee (AFHC) for the 2018 ... Monday, Jan. 8, 2018, at Mercedes-Benz Stadium in ... part of the AFHC "I,m In" campaign, participating in many ... ...
(Date:9/12/2017)... FRANCISCO , Sept. 12, 2017  ValGenesis ... Management Solutions (VLMS), is pleased to announce the ... a member of its Board of Directors and ... ValGenesis VLMS enables life science companies to manage ... the use of paper in this process. Furthermore, ...
Breaking Medicine Technology: