Navigation Links
Zane Benefits Publishes New Information on the ACA Penalty vs. Premium Decision
Date:11/2/2013

Park City, Utah (PRWEB) November 02, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on the ACA penalty vs. premium costs.

According to Zane Benefits’ website, when the Patient Protection and Affordable Care Act was passed on March 23, 2010 it included an employer shared responsibility provision. This has come to be known as the "Pay or Play" decision or the "Employer Mandate." This provision is only applicable to larger employers with 50+ full time equivalent employees and goes into effect in 2015.

The decision to pay or play means the decision to either provide health coverage that meets the minimum essential coverage, minimum value, and affordability requirements ("play") or decide to pay a penalty ("pay"). A third option is to "play differently" with a pure defined contribution health benefits strategy. This third option allows employers to take advantage of the individual insurance premium tax subsidies and actually save money on health costs.

In July 2013 this provision, and the related penalties, were delayed from 2014 to 2015. Small businesses are not impacted by this provision. However, even with the provision delayed a year, many medium and large employers still have this looming deadline on their mind and are planning their 2015 health benefits now.

To play means a company would offer employees health insurance that meets essential health benefits and is affordable to employees, by PPACA standards -- pay the premiums.

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/prweb11292657.htm.


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

Related medicine news :

1. Kessler researchers find aerobic exercise benefits memory in persons with multiple sclerosis
2. Zane Benefits Publishes New Information on Pure Defined Contribution Health Models
3. Zane Benefits Publishes New Information on Building Relationships with Small Businesses
4. Social Security, Veterans Disability Recipients to See 1.5 Percent COLA Increase in Benefits for 2014
5. National Employee Benefits Advisor Welcomes New Regional Sales Manager to Omaha Office
6. Zane Benefits Publishes New Information on Important Dates for the Individual Mandate
7. Zane Benefits Publishes New Information on Health Insurance Allowances
8. Online Aloe Vera Leader Releases New Report on Aloe Vera Gel Benefits
9. Zane Benefits Publishes New Information on Keeping Healthcare Costs Down Without Cutting Benefits
10. Inventor Richard Michiel Launches IndieGoGo Crowdfunding Promotion to Start an Advertising Campaign while Adding Even More Benefits to the Bottle Blocker and Saving Lives
11. Dental Practice Advises on End of Year Benefits Expirations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/16/2017)... ... August 16, 2017 , ... Maury Regional Health has announced a ... By broadly deploying AccuVein devices, Maury Regional Medical Center is making vein visualization part ... of a needle stick and more importantly, helps our staff members locate a vein ...
(Date:8/16/2017)... YORK, NY (PRWEB) , ... August 16, 2017 , ... ... for better treatments and ultimately, a cure. , The grants are awarded through ... comprised of scientists with a wide array of backgrounds and expertise in all areas ...
(Date:8/16/2017)... (PRWEB) , ... August 16, 2017 , ... ... 9781498499613; $5.99, eBook, 9781498499620    ) shares that during the time of a cancer diagnosis, ... Strawn of God's love, and all the many ways God shows love to ...
(Date:8/16/2017)... (PRWEB) , ... August 16, 2017 , ... ... to patients suffering from chronic pelvic pain. In addition to oncology services, ... pain disorders including endometriosis, menorrhagia (abnormal heavy bleeding during menstruation), uterine fibroids, and ...
(Date:8/16/2017)... West Orange, NJ (PRWEB) , ... August 16, 2017 , ... With low back pain ... not even know what causes its kissing cousin – upper back pain. But this equally ... bevy of treatment options, according to Kaixuan Liu, MD, PhD , founder and president ...
Breaking Medicine News(10 mins):
(Date:7/25/2017)... BARCELONA, Spain and CAMBRIDGE, Massachusetts ... SOM Biotech, specializing in repurposing drugs to treat rare nervous ... Therapeutics Inc. to clinically develop and market the drug SOM0226 ... reached, the drug achieved very promising results in a Phase ... A new office in the United ...
(Date:7/24/2017)... , July 24, 2017 IBM (NYSE: ... Gartner Magic Quadrant for Solid-State Arrays (SSA) for the fourth ... According to Gartner, "Vendors in the Leaders quadrant ... Completeness of Vision. A vendor in the Leaders quadrant has ... to drive the acceptance of new technologies. These vendors demonstrate ...
(Date:7/21/2017)... EDMONTON, Alberta , July 21, 2017 ... the University of Alberta in Edmonton, ... Nature,s partner journal, Schizophrenia 1 , demonstrating that ... of schizophrenia with 74% accuracy. This retrospective analysis ... specific symptoms in schizophrenia patients with significant correlation, ...
Breaking Medicine Technology: