Navigation Links
Zane Benefits Publishes New Information on Small Business Health Insurance
Date:12/23/2013

Park City, UT (PRWEB) December 23, 2013

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

According to Zane Benefits’ website, building a successful company is hard work. This includes offering competitive compensation and benefits to recruit and retain the best employees. All small companies face unique challenges when it comes to finding small business health insurance.

There are two primary categories of health insurance for small companies to choose from - individual health insurance and group health insurance.

Individual health insurance plans are health insurance plans purchased by individuals to cover themselves and/or their families - just like car insurance. Anyone can apply for individual health insurance.

As of 2014, insurance companies can no longer decline individuals for individual health insurance based on a pre-existing medical condition as they could previously. Also as of 2014, there are new tax credits available to eligible employees when they purchase individual health insurance.

When small companies decide on the individual health insurance route, they often offer employees a healthcare allowance to use on individual premiums. This type of offering is called a pure defined contribution approach or a Healthcare Reimbursement Plan.

Group health insurance plans are a form of employer-sponsored health coverage. Costs are typically shared between the employer and the employee, and coverage may also be extended to dependents. In certain states, self-employed persons without other employees may qualify for group health insurance plans. With group health insurance, the company selects the plan to offer to employees.

Small companies with up to 25 full-time equivalent employees may qualify for a tax credit for offering employee health benefits. As of 2014 the tax credit is up to 50% of a small company's health insurance costs. Also starting in 2014, the tax credit is only available for plans purchased through the small business SHOP exchanges.

Starting January 1, 2015, employers with 50 or more full-time equivalents who do not offer affordable, minimum essential coverage can face monthly penalties if at least one employee uses a premium tax subsidy to obtain health insurance through the state health exchange. If your company does not have more than 50 FTE employees, you are not subject to these penalties.

According to Zane Benefits’ website, defined Contribution Health Plans allow employers to offer health benefits without offering a traditional small group health insurance plan. Instead of paying costs for a specific group health plan, employers allocate monthly allowances for their employees to spend on private 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/2013/12/prweb11443405.htm.


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

Related medicine news :

1. Anti-aging Products That Work: The Benefits of Retin-A by Gallery of Cosmetic Surgery
2. Blood Pressure Reduction Guide Review
3. Secrets And Benefits Of Exposed By Tom Roye
4. Zane Benefits Publishes New Information on Health Insurance for Medical Offices
5. “Raw Food Benefits,” A New Article On Healthreviewcenter.com, Gives People Advantages of Raw Food - V-kool
6. Pink Shell Beach Resort & Marina Benefits Partners for Breast Cancer Care
7. Zane Benefits Publishes New Information on Upcoming Changes due to Health Reform
8. Bikini Model Program Review
9. Secrets And Benefits Of This Program Exposed By Oprah Colstock From The Website - Vinamy
10. Top 3 Benefits of Sex with a Long-Term Partner
11. The American Journal of Managed Care Finds Health Benefits to Using Mail Order Pharmacies
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... Aliso Viejo, California (PRWEB) , ... June 27, 2016 , ... ... that are fully customizable inside of Final Cut Pro X," said Christina Austin - ... with another unique style. Final Cut Pro X users can now reveal ...
(Date:6/27/2016)... ... June 27, 2016 , ... ... technology to revolutionize the emergency ambulance transport experience for the millions of people ... how Uber has disrupted the taxi industry through the use of technology. Now, ...
(Date:6/26/2016)... Battle Creek, Michigan (PRWEB) , ... June 26, 2016 , ... ... abuse, joined as sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table ... held in honor of the city’s history as home to some of the world’s ...
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer ... through a fitness app. The fitness app plans to fix the two major problems leading ... a one size fits all type program , They don’t eliminate all the ...
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica ... Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs ... Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 Any dentist who ... challenges of the current process. Many of them do not ... the technical difficulties and high laboratory costs involved. And those ... offer it at such a high cost that the majority ... Dr. Parsa Zadeh , founder of Dental ...
(Date:6/23/2016)... , June 23, 2016 Research and ... Devices Medical Market Analysis 2016 - Forecast to 2022" ... The report contains up to date financial data derived ... Assessment of major trends with potential impact on the market ... of market segmentation which comprises of sub markets, regional and ...
(Date:6/23/2016)... 2016 , , , WHEN: ... 2016 , , , , LOCATION: , , , Online, ... , , EXPERT PANELISTS:  , , , Frost & Sullivan,s Global ... Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, Program Manager ... pharmaceutical industry is witnessing an exceptional era. Several new demand spaces, ...
Breaking Medicine Technology: