Navigation Links
Zane Benefits Publishes New Information on Stand-Alone HRAs for Small Businesses

Park City, Utah (PRWEB) April 26, 2013

Today, Zane Benefits, Inc. published new information on stand-alone HRAs. 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, small businesses offer Stand-Alone HRAs to provide employees tax-free dollars for reimbursement of their medical expenses (including individual insurance premiums). This type of "defined contribution" solution is an an alternative to an employer-sponsored group health insurance plan that may not be affordable. Or, a business will offer a Stand-Alone HRA because they simply want to define and control their annual costs while still offering a valued employee benefit.

Zane Benefits outlines the key benefits of a Stand-Alone HRA for the employer and to employees.

Stand-Alone HRA: Employer Benefits

According to Zane Benefits’ website, for every business, recruiting and retaining key employees is vital, and the employee health benefit program is an important part of the compensation offered to employees. A Stand-Alone HRA allows the employer to design a valued benefits package while controlling all costs. For example, a business controls:

  • Amount of HRA allowances available to employees
  • The frequency HRA balances are made available (monthly, annually, etc)
  • What happens to unused HRA balances at the end of the year
  • What type of eligible medical expenses are reimbursed

Stand-Alone HRA: Employee Benefits
According to Zane Benefits’ website, in addition to being a cost-effective and viable small business health insurance alternative, employees value these three main benefits of a Stand-Alone HRA.

#1: Employee Choice & Flexibility
With a Stand-Alone HRA, employees choose how to spend their HRA allowance and they have full flexibility in how to spend their HRA allowance. Employees select their own individual or family health insurance policy that best fits their needs. They choose from any carrier and any type of plan. Often times, a company uses an insurance professional of their choice to help employees select these individual policies.

For example, if an employee doesn't use their full HRA allowance on their insurance premium, they can choose how to use the remainder of their allowance (on other eligible medical expenses such as co-pays, prescriptions, vision, dental, etc).

#2: Employee Tax Subsidies Starting in 2014
With the implementation of health care reform, most employees will have access to significant tax subsidies through the health insurance marketplace. If the employee is eligible for a tax credit, the cost of their health insurance will be capped at 2% - 9.5% of their household income. An employee is eligible 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).

This will make the cost of individual health insurance premiums affordable (and guaranteed issued) for the majority of employees, and make the company’s HRA contribution go farther.

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

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zane Benefits Publishes New Information on Stand-Alone HRA Plans
2. Zane Benefits Publishes New Information on Small Business Health Insurance
3. Is your migraine preventive treatment balanced between drugs benefits and harms?
4. Few breast cancer survivors maintain adequate physical activity despite benefits
5. The National Association of Conservative Seniors Now Offers Extra Benefits to New Members
6. Enrollment First, Inc. and First Staff Benefits Guide Businesses Through Maze of Health Care Reform
7. Altec Joins Sage Customer Symposiums in the Mid-West to Present the Benefits of Integrated Document Management
8. Rhode Island Attorneys Win Social Security Disability Case for Cumberland Man Who Received over $25,000 in Back Due Benefits
9. Zane Benefits Publishes New Information on Nevada’s Health Insurance Exchange
10. Muscular Development Magazine Highlights Rice Protein Benefits for Vegetarian Bodybuilders
11. SIGVARIS ALLURE Provides Women ‘Style with Benefits’ for Legs that Look Great and Feel Great
Post Your Comments:
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the American ... Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. ... including advance care planning, healthcare costs and patient and family engagement. , AIR ...
(Date:6/25/2016)... ... , ... First Choice Emergency Room , the largest network of independent ... Director of its new Mesquite-Samuell Farm facility. , “We are pleased to announce ... Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. , ...
(Date:6/25/2016)... ... 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, whether it’s ... setting the bar too high can result in disappointment, perhaps even self-loathing. However, those ... goal. , Research from reveals that behind the tendency to ...
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was ... his family verbally and physically. , “When something upset him, he couldn’t control his emotions,” ... He would throw rocks at my other children and say he was going to kill ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San ... Society and the Road To Recovery® program to drive cancer patients to and from ... adults to ensure the highest quality of life and ongoing independence. Getting to ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 , ... Thursday, July 7, 2016 , , , , LOCATION: , ... , , , , EXPERT PANELISTS:  , , , Frost ... Industry Analyst, Christi Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh ... The global pharmaceutical industry is witnessing an exceptional era. Several ...
(Date:6/23/2016)... -- Guerbet announced today that it has been named a ... One of 12 suppliers to receive the ... of Premier members through exceptional local customer service and ... lower costs. "We ... customer service from Premier," says Massimo Carrara , ...
(Date:6/23/2016)... -- The Biotechnology industry might still be ... opportunities to investors. assesses the recent performances of ... XON ), Vertex Pharmaceuticals Inc. (NASDAQ: ... ), and Regeneron Pharmaceuticals Inc. (NASDAQ: REGN ... complimentary trade alerts at: ...
Breaking Medicine Technology: