Navigation Links
Zane Benefits Publishes New Information on the Defined Contribution Tipping Point

Park City, UT (PRWEB) November 06, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on the defined contribution tipping point.

According to Zane Benefits’ website, industry experts and economists agree that defined contribution healthcare is on the rise. Not only on the rise, but that defined contribution healthcare is a major trend and the future of how employers will offer health benefits. This is not brand new. Defined contribution healthcare has been increasing the past few years. But with health reform's new advantages to the individual health insurance market, 2014 will be a tipping year for defined contribution healthcare.

Defined contribution healthcare is a strategy for offering health benefits. Instead of offering a defined benefit, companies provide employees a fixed healthcare allowance to spend on health insurance. Employees then use their health insurance allowance to purchase individual or group health coverage. There are two main approaches with defined contribution health plans.

The first is a "pure" defined contribution approach paired with individual health insurance. With pure defined contribution healthcare, employees purchase individual policies from any carrier. With pure defined contribution, the employer does not prescribe a specific menu of plans to choose from. Employees can purchase any eligible policy from an insurance broker, online, through the state exchange, etc.

The second is a group-based defined contribution approach, where employees can use their allowance to select from employer-defined plan options on a private health insurance exchange. With this approach, employers offer a set allowance to employees, and employees select a plan from a set menu of options.

According to Zane Benefits’ website, while larger businesses have been early adopters of group-based defined contribution, it's the small businesses and non-profits who are driving the trend of pure defined contribution healthcare paired with individual health insurance. Because of the changes in health reform that favor the individual health insurance market, and because of the unsustainable cost of group health insurance, more and more businesses of all sizes will look at pure defined contribution as a viable health benefits strategy. Likewise, more and more health insurance brokers are adding defined contribution healthcare to their offerings.

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

Read the full story at

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

Related medicine news :

1. Zane Benefits Publishes New Information on the Questions When Picking Individual Health Insurance
2. Bureau of Labor Statistics Webinar Will Detail Disparities Among Employment-based Health Benefits in Small and Large Establishments
3. Weighing in: 3 years post-op bariatric surgery patients see big benefits, Pitt study says
4. Zane Benefits Publishes New Information on the Health Insurance Consumers
5. Zane Benefits Publishes New Information on How Businesses are Using Health Insurance Allowances
6. Zane Benefits Publishes New Information on the ACA Penalty vs. Premium Decision
7. Kessler researchers find aerobic exercise benefits memory in persons with multiple sclerosis
8. Zane Benefits Publishes New Information on Pure Defined Contribution Health Models
9. Zane Benefits Publishes New Information on Building Relationships with Small Businesses
10. Social Security, Veterans Disability Recipients to See 1.5 Percent COLA Increase in Benefits for 2014
11. National Employee Benefits Advisor Welcomes New Regional Sales Manager to Omaha Office
Post Your Comments:
(Date:11/26/2015)... ... November 26, 2015 , ... PRMA Plastic Surgery is updating their ... surgeons performed their 6,000th free flap breast reconstruction surgery! , “What an accomplishment for ... excited to rebuild lives and it’s an honor to have served all of these ...
(Date:11/26/2015)... (PRWEB) , ... November 26, ... ... online platform for mental health and wellness consultation, has collaborated with Women’s ... holistically address their reader’s queries on topics on mental and emotional well-being ...
(Date:11/25/2015)... ... 25, 2015 , ... As part of a global movement ... volunteers together who want to combine talents and resources to help create sustainable ... process. The non-profit launched its first major fundraiser on November 6, 2015 at ...
(Date:11/25/2015)... ... November 25, 2015 , ... Medical Solutions, one of the ... stellar workplace culture with the company’s Cincinnati office being named a finalist among ... was named a finalist in Cincinnati Business Courier’s 13th annual Greater Cincinnati Best ...
(Date:11/25/2015)... ... 2015 , ... Ministers, senior government and UN agencies, representatives ... of Excellence, and public R&D institutions, civil societies and other partners gathered today ... African Network for Drugs and Diagnostics Innovation, ANDI, Stakeholders Meeting. The three- day ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... 26, 2015 ... "Radioimmunoassay Market by Type (Reagents & ... Academics, Clinical Diagnostic Labs), Application (Research, Clinical ... 2020" report to their offering. ... addition of the "Radioimmunoassay Market by ...
(Date:11/25/2015)... global healthcare industry is expected to grow at a rate ... has the highest projected growth at 12.7%, and ... is second with growth projected at 11.5%. ... 2013-2014, total government funded healthcare was nearly 68%. Federal government ... 2013-2014. In real terms, out of pocket expenditure increased by ...
(Date:11/25/2015)... 2015  Linden Care, LLC, a retail specialty pharmacy ... patients suffering from chronic pain, said today that it ... Order (TRO) enjoining Express Scripts from unilaterally terminating the ... --> --> The company said ... options. --> --> ...
Breaking Medicine Technology: