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Zane Benefits Publishes New Information on Small Business Health Insurance

Park City, UT (PRWEB) February 23, 2013

Today, Zane Benefits, Inc. published new information on small business health insurance. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement arrangements.

According to Zane Benefits’ website, there is a simple solution for small businesses looking for health insurance starting January 1, 2014, and it involves three simple steps.

A Simple Small Business Health Insurance Solution for 2014

Step 1 - Terminate group health insurance plan.

Step 2 - Give employees monthly "health care" allowances to spend on health insurance (whether this be tax-free via an HRA-like arrangement or a taxable stipend).

Step 3 - Allow employees to purchase health insurance in the health insurance marketplaces and receive tax credits that cap their health insurance costs as percent of income.

According to Zane Benefits’ website, a company can work with an insurance broker to compare the employer and employee costs of this simple small business health insurance solution to the cost of providing traditional group health insurance.

How Does This Solution Benefit Employees?

According to Zane Benefits’ website, employees win with this simple solution. The four primary benefits to employees are:

1. Choice
Employees will be able to choose the health insurance plan that best fits their families' needs, including choices between multiple health insurance companies and plan designs.

2. Portability
Employees' individual health insurance is not tied to employment, meaning they will be able to take their health insurance with them when they switch jobs.

3. Guaranteed Renewability
Employees' individual health insurance policies are guaranteed renewable, meaning they cannot be terminated by the insurance company unless an employee stops paying the premium.

4. Savings
Employees reduce their health care costs by 50% or more. Most employees will have access to tax credits through the health insurance marketplace. If an employee is eligible for a tax credit, their cost of health insurance will be capped at 2% - 9.5% of their household income if their household income is less than 400% above the federal poverty line (that’s $94,200 per year for a family of 4 in 2013).

Click here to read 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 employers 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

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