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:4/29/2016)... ... April 29, 2016 , ... ... Foundation, the national charitable foundation serving the footwear industry, has broken all previous ... more than 130 companies across 23 states during the months of April and ...
(Date:4/29/2016)... ... April 29, 2016 , ... ... Awakening , announces the addition Onnit brand Alpha BRAIN and New Mood Daily-Stress ... Onnit brain and mood optimization products to the store is just one more ...
(Date:4/29/2016)... ... April 29, 2016 , ... On Tuesday, April 26, ... the Southeast, celebrated the signature of Gov. Nathan Deal on SB 258, the “Rural ... (R - Cumming), offers a 70% tax credit to individuals and corporations which donate ...
(Date:4/29/2016)... ... April 29, 2016 , ... ... and author of best seller "LOVE, MEDICINE and MIRACLES") addresses touchy topics related ... 2016 and podcasted thereafter . Dr. Bernie Siegel, author of a plethora ...
(Date:4/29/2016)... STAMFORD, CONNECTICUT (PRWEB) , ... April 29, 2016 , ... ... 5K Run/Walk” at Cove Island Park on Sunday, with sunny skies, a light breeze ... event, raising nearly $33,000. , The 5k Run and Walk and 1-mile ...
Breaking Medicine News(10 mins):
(Date:4/28/2016)... Oramed Pharmaceuticals Inc. (NASDAQ: ... on the development of oral drug delivery systems, announced today ... conference, presented by Joseph Gunnar & Co. LLC, ... York . Nadav Kidron , CEO of Oramed, ... Presentation Details:   PIONEERS 2016, presented by ...
(Date:4/28/2016)... New market research titled ... report that provides an overview of the Osteoarthritis,s ... identifying new targets and MOAs to produce first-in-class ... in this H1 2016 Osteoarthritis Pipeline report include ... Abiogen Pharma S.p.A., Ablynx NV, Achelios Therapeutics, Inc., ...
(Date:4/27/2016)... April 27, 2016   ... Growth in Recurring Consumable Sales  Clinical sales ... Kea Technologies (Euronext: MKEA, OTCQX: MKEAY) inventor of Cellvizio®, ... sales for the first quarter ended March 31, 2016 ... execution of its commercial strategy. First Quarter ...
Breaking Medicine Technology: