Navigation Links
Zane Benefits Publishes New Information on New Guidance and HRPs
Date:10/1/2013

Park City, Utah (PRWEB) October 01, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on new guidance and HRPs.

According to Zane Benefits’ website, section 105 medical reimbursement plans are a popular alternative to group health insurance for small businesses and nonprofits. One type of Section 105 medical reimbursement plan is a Health Reimbursement Arrangement (aka HRA or Health Reimbursement Account). However, new guidance limits the ability of certain HRAs to exist on a stand-alone basis starting January 1st, 2014.

The preventive and annual limit rules do not affect the ability for a Section 105 medical reimbursement plan to reimburse individual health insurance premiums tax-free. Premium reimbursement is still allowed under the tax code via Section 105(b). However, starting January 1st, 2014, medical reimbursement plans must be designed to comply with PHS Act 2711 and 2713.

Healthcare Reimbursement Plans (or HRPs) are one possible alternative to HRAs. An HRP is a type of Section 105 self-insured medical reimbursement plan designed to reimburse employees for individual health insurance premiums tax-free. If structured correctly, an HRP can comply with PHS Act 2711 and PHS Act 2713.

PHS Act 2713 requires the HRP to cover basic preventive care services without cost-sharing. The HRP meets this requirement.

PHS Act 2711 states that no annual or lifetime limits may be placed on essential health benefits. As a result, the HRP may not place an annual limit on the basic preventive care expenses required by PHS Act 2713. Separately, PHS Act 2711 states that annual limits and lifetime limits may be placed on benefits that are not essential health benefits. Since health insurance premiums are not essential health benefits, the HRP may place a “premium-specific” annual limit on premium reimbursements.

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 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/prweb11179502.htm.


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

Related medicine news :

1. Finally, A Big Company Benefits Administration Solution For Every Company
2. Examining the Benefits of an International Breast Registry
3. Deepak Chopra Introduces Dream Weaver App for Smartphones with Strobe Lights, Making It Easy to Experience the Benefits of Meditation & Deep Relaxation Automatically
4. iconpractice Brings Cloud Computing Benefits to Chiropractic Practice Management Software
5. Pacific Prime Clients with Aetna to See Improved Medical Insurance Benefits
6. Zane Benefits Publishes New Information on COBRA vs Health Insurance Marketplaces
7. Taunton Social Security Disability Attorneys Help Taunton, MA Man Receive Over $17,000 in Past Due Social Security Disability Benefits
8. Austin Chiropractor, Dr. Julia Pinkerton Addresses Benefits of Chiropractic Care for Pregnant Woman in New Blog
9. U.S. Preventive Medicine Awarded Exclusive, Workplace Health Program for Innovative Self-Funded Health Benefits Plan, Health Options Plus™
10. Dr. Kanani Gives Advise on the Benefits of Dental Implants and He Reveals New Prices for Dental Implants
11. My Positive Perspective Broadcasts Episode on Event that Benefits the Lowcountry Food Bank and is Being Run in Cooperation with Charleston Parks and Recreation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/7/2016)... (PRWEB) , ... December 07, 2016 , ... ... insurance and financial consultation services to residents in the Sacramento/Folsom region, is initiating ... Chance treatment facility. , The Another Choice Another Chance treatment center in Sacramento ...
(Date:12/7/2016)... ... , ... AlignLife clinics nationwide are giving back to their communities by collecting ... bountiful gifts wrapped tightly under a Christmas Tree. AlignLife hopes to spread the ... , In exchange for generous donations, customers will receive a gift in return. ...
(Date:12/7/2016)... ... ... Sharon Kleyne, host of the nationally syndicated radio program, The Sharon Kleyne ... declared on her radio program in November 2016 the need to educate people about ... leaders in corporate America, they are trying to take advantage of successful algorithms and ...
(Date:12/7/2016)... , ... December 07, 2016 , ... Delete® - Tattoo ... Time For The Holiday Party Season. Save Up To 33% Off Botox® and Juvederm® ... is providing the Phoenix Valley with Delightful Deals on Botox® and Juvederm® ...
(Date:12/7/2016)... Studio City, CA (PRWEB) , ... December 07, 2016 , ... ... number during the holidays and winter seasons. One major study analyzing heart attacks ... January compared to August of a given year. We would all agree of course–no ...
Breaking Medicine News(10 mins):
(Date:12/6/2016)... -- Anaplastic Oligoastrocytoma - Pipeline Review, H2 2016 ... and Healthcare disease pipeline guide Anaplastic Oligoastrocytoma – ... the Anaplastic Oligoastrocytoma (Oncology) pipeline landscape. Anaplastic ... two types of cells in the brain, called ... form a mass. These brain cells are known ...
(Date:12/6/2016)... YORK , Dec. 6, 2016  Nearly 30 ... suffer from the epidemic of diabetes. 1 ... have persistently elevated glucose levels (hyperglycemia) and significant glucose variability. ... developing serious complications, including cardiovascular events. If left untreated, ... damage and eye disease or blindness. 3 ...
(Date:12/6/2016)... Dec. 6, 2016  Arcturus Therapeutics, Inc. ("Arcturus" ... announced today that it entered into collaboration with ... for the treatment of NASH and other gastrointestinal ... platform LUNAR™ and UNA Oligomer chemistry. The financial ... long-standing commitment to and expertise in GI disorders, ...
Breaking Medicine Technology: