Navigation Links
Zane Benefits Publishes New Information on Section 105 and 125 Plans
Date:9/4/2013

Park City, Utah (PRWEB) September 04, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on section 105 and 125 plans.

According to Zane Benefits’ website, as businesses plan their health benefits strategy for 2014 and beyond, many are looking for ways to incorporate advantages of the individual health insurance exchanges and the individual health insurance tax subsidies.

Naturally, the next question is how to do this in a tax free and compliant way... the answer is to use a 100% employer-funded Section 105 medical reimbursement plan, not a Section 125 cafeteria plan.
A Section 105 medical reimbursement plan allows businesses to reimburse an employee for medical and insurance expenses incurred by the employee or his or her dependents.

As explained further below, employees can use employer-funded Section 105 plans to reimburse the non-subsidized premium of their individually purchased, exchange-based plan.

A Section 125 plan, commonly referred to as a "cafeteria plan", is a benefit provided by an employer which allows an employee a choice between taxable salary and a non taxable benefit.

Common Section 125 plans:

Premium Only Plans
Premium Reimbursement Accounts
Flexible Spending Accounts (FSAs).

As explained further below, the Affordable Care Act (ACA) does not allow employees to use a Section 125 cafeteria plan to pre-tax an individually purchased, exchange-based plan.

Because employer-funded Section 105 medical reimbursement plans are allowed to reimburse for employees' individually purchased, exchange-based health insurance plans (and Section 125 plans are not), it's a no-brainer to use them as the base of a defined contribution health plan in 2014 and beyond.

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 Health Reimbursement Arrangements (HRAs) and 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 ZaneHRA, visit http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11087281.htm.


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

Related medicine news :

1. Zane Benefits Publishes New Information on Same-Sex Marriage Federal Taxes
2. Zane Benefits Publishes New Information on How Small Businesses Buy Health Insurance
3. The Construction Audit and Cost Control Institute to Address "The Benefits of Auditing Construction Contracts and Contractors"
4. Oral nutritional supplements demonstrate significant health and cost benefits
5. Limited Healthcare Benefits Pushing Seniors and Retirees to Medical Travel Alternatives
6. Zane Benefits Publishes New Information on HRA Employee Tips
7. Wisconsin-Based Employee Benefits Administrator Makes Annual Inc. 500
8. 5000 List & Named a Top 100 U.S. Insurance Company for Growth
9. Health2Go Announces DHEA Should Be Used as a Cream Not a Pill for Health Benefits
10. Zane Benefits Publishes New Information on Applying for Individual Health Insurance in 2014
11. Report Released By the National Academy of Social Insurance This Month Shows Georgia To Be One of 22 States Whose Workers’ Compensation Benefits Payments Dropped in 2011
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/23/2017)... ... January 23, 2017 , ... ... Society of Anesthesiologists® (ASA®), the Foundation for Anesthesia Education and Research (FAER), ... (AAOS) and the Cigna Foundation, encourages proposals supporting high quality research using ...
(Date:1/23/2017)... ... 2017 , ... “The Inn at the Mill”: a story of love and redemption, hope ... become happy and content. , “The Inn at the Mill” is the creation of ... and Vermont and is now living in Berks County on Crow Hill. The ...
(Date:1/23/2017)... ... January 23, 2017 , ... ... launched online education programs and resources at seafoodnutrition.org/programs and seafoodnutrition.org/resources to assist ... a seafood-rich diet. These resources have been developed for use by nutrition ...
(Date:1/23/2017)... ... ... Infallible Characteristics of Christ”: a fascinating and entrancing novel exploring the gifts and ... author, Rev. Dr. Robert W. Thomas, the third of seven siblings. He was a ... pastor for over fifteen years. He is a graduate of N.C. College of Theology ...
(Date:1/22/2017)... MALO, FRANCE (PRWEB) , ... January 22, 2017 , ... ... Indian Ocean, isolated from the rest of the world with ZANZIBAR MILKY CREAM. Inspired ... Phytocéane used key ingredients like Virgin Coconut Oil and moisturizing vegetal coral to create ...
Breaking Medicine News(10 mins):
(Date:1/23/2017)... SAN DIEGO and PALMA, ... Laboratoris Sanifit S.L., a clinical-stage biopharmaceutical ... announced that the first patient has been enrolled ... of lead candidate, SNF472, for the treatment of ... haemodialysis (HD). Most ESRD patients, in ...
(Date:1/21/2017)... 20, 2017 Research and Markets has ... Market By Type of Test (Tumor, Clinical Chemistry, Microbiology, Esoteric), ... of Diseases (Tuberculosis, Influenza, Cancer, HIV/AIDS etc.), Forecast to 2022" ... ... healthcare services, market segments, especially clinical lab testing, which has ...
(Date:1/21/2017)... Jan 20, 2017 Research and Markets has ... & Trends - Technology, Route Of Administration, End User - Forecast ... ... poised to grow at a CAGR of around 7.8% over the ... This industry report analyzes the global markets for Advanced Drug ...
Breaking Medicine Technology: