Navigation Links
Zane Benefits Publishes New Information on Small Business Health Care Changes
Date:11/18/2013

Park City, Utah (PRWEB) November 18, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on small business health care changes.

According to Zane Benefits’ website, small businesses face large health care challenges. Some of these challenges are not new -- the cost of health insurance has been increasing more and more each year, making traditional group health insurance cost-prohibitive for many small businesses.

For most small businesses, the solution to the Affordable Care Act's new challenges and new opportunities is simple: Offer employees health insurance allowances and free your small business from the cost and complication of group health insurance. This strategy is often called "pure" defined contribution health care, and it works because it offers small businesses predictable costs while giving employees access to quality health insurance.

In order to administer health insurance allowances correctly, the employer must ensure that employee reimbursement requests are substantiated in compliance with HIPAA. Because of these HIPAA privacy rules, virtually all businesses use a third-party to handle the premium expense substantiation process.

To offer this type of plan, the business should select a defined contribution software provider and follow the below steps:

  • Setup the Plan
  • Add Eligible Employees .
  • Let Employees Purchase Their Own Individual Health Insurance Plan
  • Substantiate the Expense in Compliance with HIPAA
  • Reimburse Employees

Group health insurance is broken for small businesses and employees. Employees no longer need employers to purchase high-cost health insurance, and employees earning less than 400% of the FPL per year who purchase a personal policy in a state health insurance exchange will receive a large federal subsidy on their premium if their employer doesn’t offer a group health insurance plan.

Being able to completely control all costs and liability is revolutionary for many small businesses. Health insurance allowances free small business owners from many of the challenges of the Affordable Care Act and from the cost and complication of traditional group health insurance.

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/prweb11326065.htm.


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

Related medicine news :

1. Zane Benefits Publishes New Information on How Individual Health Insurance is Changing
2. Zane Benefits Publishes New Information on Section 105 Owner Eligibility
3. Zane Benefits Announces New Infographic on The History and Future of Small Business Health Insurance
4. Zane Benefits Publishes New Information on How to Implement Defined Contribution Health Benefits
5. Zane Benefits Publishes New Information on New Health Reform Rules
6. Tips from Water and Skin Researcher About How “Pre-Moisturizing” Improves Benefits of Skin Lotion
7. Animal, human health benefits anticipated from universitys premier biomedical instrument
8. 2014 Industry Forecast: Top Three Trends in Employee Benefits
9. Zane Benefits Publishes New Information On How to Control Healthcare Costs
10. Pacific Prime Clients with Allianz Receive Enhanced Health Insurance Benefits
11. Zane Benefits Publishes New Information on Why Individual Health Insurance Costs Less
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Apple ... care services, staged a mock evacuation of the facility as part of a disaster ... Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well as the ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Global Healthcare Management’s ... Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s ... The fun run is geared towards children of all ages; it is a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the ... danger possible to save lost souls in the Philippines. “The Journey: From the Mountains ... a dedicated teacher of the Bible. She has taught all ages and currently teaches ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... -- NDS received FDA 510(k) clearance in May 2017 for its highly ... designed for endoscopy environments. An innovative secondary monitor solution, ZeroWire ... support the improvement of patient outcomes, procedural efficiency, and the lowering ... ... ...
(Date:10/4/2017)... 4, 2017  South Korean-based healthcare product Development Company ... "cprCUBE" on Kickstarter. The device will educate the user ... with better efficiency compared to the dated and pricey ... on efficacy of the compression for a more informed ... goal to raise $5,000. ...
(Date:10/2/2017)... 2017  Eli Lilly and Company (NYSE: ... third quarter of 2017 on Tuesday, October 24, 2017. ... day with the investment community and media to further ... call will begin at 9 a.m. Eastern time. Investors, ... webcast of the conference call through a link that ...
Breaking Medicine Technology: