Navigation Links
Zane Benefits Publishes New Information on Pure Defined Contribution Health Models
Date:11/1/2013

Park City, Utah (PRWEB) November 01, 2013

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

According to Zane Benefits’ website, for decades, the norm in the U.S. has been that health insurance is purchased and offered in a certain way -- by the employer. And yet, many industry experts agree that health benefits are shifting away from a defined benefit health model to a defined contribution health model.

With the purest form of defined contribution, employers offer employees a health insurance allowance as the benefits package. Employees purchase an individual policy of their choice, often with the help of a health insurance broker, and are reimbursed by the employer.

A defined contribution health model allows an employer to control its costs on a monthly basis by setting monthly health insurance allowances. Here are the top two wins for employers.

  • Controllable Costs – There are no minimum or maximum contribution requirements, and employers can vary employee contributions based on job criteria.
  • More Time for Meaningful Work – Administering the health benefits program becomes a payroll function and requires minimal involvement from the employer.

According to Zane Benefits’ website, employees win with defined contribution because, rather than having a “one-size-fit-all” group plan that may or may not fit their family’s specific needs, they are able to choose an individual health insurance plan that works best for their family.

  • Lower Costs – Individual health plans costs 20-30% less than traditional group plans and new tax credits are available to qualifying employees to lower their out-of-pocket costs even more.
  • Choice of Plan – With their defined contribution allowance, each employee may choose the health plan that best fits their personal needs.

For health insurance brokers, a defined contribution health plan offering provides a solution to increase individual health insurance policy sales and retain clients who are canceling group health insurance.

  • A New Solution for Small Businesses Without Health Insurance – Before defined contribution, there was little a broker could do to help companies that couldn’t afford to offer group health insurance.
  • Increased Individual Health Insurance Sales – With a defined contribution health plan, brokers become a “401k-like” advisor for individual health insurance, and help employees pick the best health insurance plan for their family.

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/prweb11292465.htm.


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

Related medicine news :

1. Talking to Yourself Could Have Mental Benefits
2. Research examines when benefits of screening mammography outweigh the harms for women in their 40s
3. Everyday fish oil capsule may provide kidney-related benefits
4. Back Pain Therapy Often Yields Early Benefits: Study
5. Benefits of Widespread Statin Use Outweigh Risks: Study
6. Accelerated chemotherapy given before surgery benefits patients with muscle-invasive bladder cancer
7. Experts call for clinical trials to test non-skeletal benefits of vitamin D
8. Flu shot during pregnancy shows unexpected benefits in large study
9. Zane Benefits Announces Wellness HRAs: A New Way to Reward Healthy Employees
10. Tai Chi increases brain size, benefits cognition in randomized controlled trial of Chinese elderly
11. MTSS-mba Membership Benefits Administration Software for Private and Taft-Hartley Employee Benefit Funds Releases New Pension Modules
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/23/2017)... ... August 23, 2017 , ... Nightingale College continues the semiannual Give ... is a time Nightingale College dedicates to serving and volunteering for organizations that provide ... and volunteers or those that need a little extra help. , The College’s ...
(Date:8/23/2017)... ... August 23, 2017 , ... ... that has been named to the 2017 Inc. 500|5000, an exclusive ranking of ... three-year growth rate of 139 percent, marking the twelfth year that the company ...
(Date:8/23/2017)... ... August 23, 2017 , ... The ... is holding an inaugural State of the Science Symposium in partnership with the ... 20, 2017. , This symposium provides a forum for global leaders in human ...
(Date:8/22/2017)... Tenn. (PRWEB) , ... August 22, 2017 , ... ... Company, is pleased to announce the addition of Zack Tisch as the firm’s ... for the KLAS-ranked healthcare IT consulting firm’s national accounts, from assisting clients with ...
(Date:8/22/2017)... ... 2017 , ... “To Walk Away”: a captivating and romantic sequel to ... “To Walk Away” is the creation of published author, Larry R. Sherman, a retired ... in chemistry and religion, as well as four novels. , Though the book ...
Breaking Medicine News(10 mins):
(Date:8/18/2017)... SEATTLE , Aug. 18, 2017  Nortis today ... provide funding for the third year of a Small ... the National Institute of Neurological Disorders and Stroke (NINDS).?  ... Nortis ... ...
(Date:8/15/2017)...   Mostyn Law and Gulf Coast Regional Blood Center ... . The Mostyn Law family has had 3 members ... why Mostyn Law is partnering with Gulf Coast Regional ... appreciation. Blood supplies are running low. Gulf Coast Regional ... needs in August. That is why the blood center reached out ...
(Date:8/15/2017)... Inc. announced today that its fully owned USA ... York City Office in Yonkers, New York ... (TWO 2 ) homecare therapy. This new East Coast location has ... under the company,s DMEPOS accreditation for Home/Durable Medical Equipment Services. ... Advanced Oxygen Therapy Inc. New ...
Breaking Medicine Technology: