Navigation Links
Zane Benefits Publishes New Information on Small Business Health Insurance
Date:4/19/2013

Park City, Utah (PRWEB) April 19, 2013

Today, Zane Benefits, Inc. published new information on trends in 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, employer-sponsored health insurance “eroded substantially” from 1999 to 2011. These are the findings published yesterday in a report by Robert Wood Johnson Foundation. According to the release, the analysis provides a baseline to measure the impacts of the Affordable Care Act expansions of public and private coverage in 2014.

Employer-Sponsored Health Insurance Declining in All Areas

According to Zane Benefits’ website, key findings over the study period (1999-2011) include:

  • The percentage of people with employer-sponsored insurance declined 10%; from 70% in 2009 to 60% in 2011.
  • While most states saw “significant declines” in employer-sponsored coverage, the range was wide from Hawaii (84% coverage) to Alaska (42% coverage).
  • Employer-sponsored coverage varied by income. It fell less (3 percentage points) for high-income groups (defined as 400% of FPL or above) than for those with lower incomes (200 FPL or below) where the fall was 10 percentage points.
  • Nationally, the percentage of private-sector companies offering employer-sponsored insurance fell from 59% to 52% (although the percentage of workers eligible for coverage at firms that offered insurance held steady). The take-up rate also fell from 82% to 76%.
  • Individual premium costs doubled ($2,490 to $5,081 annually); family premiums rose 125% ($6,415 to $14,447 annually); employee contributions increased (17% to 20% of the total premium).

Trends Due to Health Care Reform?

According to Zane Benefits’ website, the study found that no, employer-sponsored health insurance was already steadily declining nationwide before the Affordable Care Act was signed in 2010.

"This documents that in virtually every state across the country, there has been a steady decline in employers that provide coverage over the past 10 years," said Andrew Hyman, director of the Robert Wood Johnson Foundation's health care coverage team, in a USA today article. "It would be a real stretch to say this was caused by anticipation of the Affordable Care Act," President Obama's 2010 health care law.

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 http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/4/prweb10641904.htm.


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

Related medicine news :

1. Is your migraine preventive treatment balanced between drugs benefits and harms?
2. Few breast cancer survivors maintain adequate physical activity despite benefits
3. The National Association of Conservative Seniors Now Offers Extra Benefits to New Members
4. Enrollment First, Inc. and First Staff Benefits Guide Businesses Through Maze of Health Care Reform
5. Altec Joins Sage Customer Symposiums in the Mid-West to Present the Benefits of Integrated Document Management
6. Rhode Island Attorneys Win Social Security Disability Case for Cumberland Man Who Received over $25,000 in Back Due Benefits
7. Zane Benefits Publishes New Information on Nevada’s Health Insurance Exchange
8. Muscular Development Magazine Highlights Rice Protein Benefits for Vegetarian Bodybuilders
9. SIGVARIS ALLURE Provides Women ‘Style with Benefits’ for Legs that Look Great and Feel Great
10. TGen professor discusses benefits of whole genome sequencing in study of multiple myeloma
11. Complete H2O Minerals Has Developed a Product for Women Using the Benefits of Liquid Vitamins and Minerals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... ... (SOP) alumni Hannah Randall, PharmD ‘17, and Jennifer Huggins, PharmD ’17, along ... updates for the primary prevention of cardiovascular diseases during the 15th Annual ...
(Date:10/13/2017)... York, NY (PRWEB) , ... October 13, 2017 , ... ... influential people in business to advocate for action towards gender equality at their inaugural ... views from around the globe, and reached a social audience of over 3 million. ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains ... possible to save lost souls in the Philippines. “The Journey: From the Mountains to ... dedicated teacher of the Bible. She has taught all ages and currently teaches a ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... products to meet the demand of today’s consumer and regulatory authorities worldwide. From ... probiotic experts and tested to meet the highest standard. , These products ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... Hair Restoration, has recently contributed a medical article to the newly revamped ... Dr. Mohebi’s article spotlights the hair transplant procedure known as Follicular Unit ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... Mich. , Oct. 2, 2017 Diplomat ... 8th Day Software and Consulting, LLC , and ... 8th Day Software, based in Tennessee ... LLC. 8th Day expands EnvoyHealth,s service offerings for health ... development. "In an ...
(Date:10/2/2017)... Oct. 2, 2017  AllianceRx Walgreens Prime, the combined ... Walgreens and pharmacy benefit manager Prime Therapeutics LLC (Prime), ... which included the unveiling of new signage at its ... well as at a few other company-owned facilities across ... to patients, some of whom will begin to see ...
(Date:10/2/2017)... Denmark , Oct. 2, 2017 The Rebound ... in the struggle to reverse the tide of prescription drug ... for regulating their medicine intake and stepping down their dosage ... set to launch in December 2017; the first 100,000 people ... Learn more at http://www.rebound-solution.com/ ...
Breaking Medicine Technology: