Navigation Links
Zane Benefits Publishes New Information on How to Reimburse Exchange Health Insurance
Date:11/27/2013

Park City, Utah (PRWEB) November 27, 2013

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

According to Zane Benefits’ website, a common question from employers is "can we reimburse employees' subsidized exchange premiums?" The answer is yes. According to current regulations employers can use a limited-purpose Section 105 Medical Reimbursement Plan, sometimes called a Healthcare Reimbursement Plan (HRP), to reimburse employees for their qualified health insurance premiums, including the unsubsidized portion of individually-purchased subsidized exchange policies.

As employers plan their health benefits strategy for 2014 and beyond, many are looking at ways to incorporate the advantages, and cost savings, of individual health insurance, the health insurance exchanges, and the individual health insurance tax subsidies. Others are just tired of group health insurance, or have never been able to afford it. One of the strategies growing in popularity is setting up an HRP to reimburse employees for their eligible health insurance expenses. This type of health benefits strategy is also called a "pure" defined contribution approach because the employer provides a healthcare allowance instead of a traditional group health insurance plan.

IRC Section 105 is the foundation of employer-sponsored medical reimbursement plans, including an HRP. Section 105 of the IRS Code allows employers to reimburse an employee for medical and insurance expenses incurred by the employee or his or her dependents. A Section 105 HRP is different than a Section 125 "Cafeteria" plan, and is designed to be compliant with ACA, ERISA, and HIPAA regulations.

Employees can use the employer-funded HRP to reimburse the nonsubsidized premium of their individually purchased, exchange-based policy.

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/prweb11374798.htm.


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

Related medicine news :

1. Zane Benefits Publishes New Information on Online Health Benefits for Startups
2. PCMA: New Kaiser Permanente Study Shows Benefits of Mail-Service Pharmacies for Chronic Medicines
3. StarBrite Dental Suggests Claiming Dental Benefits
4. Zane Benefits Publishes New Information on Small Business Health Insurance Facts
5. Volunteer Statistics: Benefits of Volunteering, According to New Infographic from CreditDonkey.com
6. Zane Benefits Publishes New Information on Premium Tax Credit and Employer Coverage
7. Zane Benefits Publishes New Information on Defined Contribution Premium Tax Credits
8. Top Health Benefits of Krill Oil Review Revealed by Health News Wires
9. Progressive Dental Marketing CEO Cites Mutual Benefits of Strategic Referral Partnerships
10. United Benefit Advisors Welcomes Vita Benefits Group
11. Zane Benefits Publishes New Information on Health Reform Don’ts
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/17/2017)... ... August 17, 2017 , ... Centrifugation is more than just spinning. Like ... we can no longer do without. And just like a car, there are a ... In this webinar, attendees will learn about the most important safety aspects while using ...
(Date:8/16/2017)... ... August 16, 2017 , ... Summer days spent with family are priceless. Since ... together suggestions for enjoying the season of sunshine. Add trying something new to this ... can join in on the fun. , Try Something New , ...
(Date:8/16/2017)... ... August 16, 2017 , ... Greenfield Advisors is honored to be named to ... second year in a row. The Inc. 5000 list honors private businesses across the ... on the list once is a great accomplishment, but for us to be included ...
(Date:8/16/2017)... ... August 16, 2017 , ... ... with a New England student to educate the public on the impact of ... for launching the first-ever National Concussion Awareness Day. , Brooke is working diligently ...
(Date:8/16/2017)... ... August 16, 2017 , ... Modern Consulting Insurance ... enrichment program. Partnering once again with Boys & Girls Clubs of Greater Kansas ... the area’s very own American Idol. With all proceeds benefitting local worthy causes, ...
Breaking Medicine News(10 mins):
(Date:7/31/2017)...  Diplomat Pharmacy, Inc. (NYSE: DPLO), has been named one ... by Crain,s Detroit Business . The annual ... three-year revenue growth. This year,s edition measures growth from 2013 ... the complete list, visit crainsdetroit.com/awards/fast_50/2017 .  ... said Phil Hagerman , CEO and chairman of Diplomat. ...
(Date:7/28/2017)... , July 28, 2017 EnvoyHealth, a Diplomat ... pilot a program for CleverCap LITE, a technology designed ... strives to deliver innovative health technology solutions and services ... CleverCap LITE offers medication ... high-tech bottle cover: ...
(Date:7/26/2017)... -- Radium Medical Aesthetics, a leading medical aesthetic clinic in ... addressing several skin conditions from the inside. The natural ... fragile. The skin becomes more transparent due to the thinning of ... rays from the sun contributes to aging skin, causing age spots ... ...
Breaking Medicine Technology: