Navigation Links
Zane Benefits Publishes New Information on the Defined Contribution Tipping Point
Date:11/6/2013

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 http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11299152.htm.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:4/24/2017)... Tx (PRWEB) , ... April 24, 2017 , ... ... Lief Therapeutics designed to recognize elevated anxiety levels in people with addiction who ... the Lief Smart Patch, a biosensing wearable device that monitors heart and breath ...
(Date:4/24/2017)... ... April 24, 2017 , ... Come to PAINWeekEnd (PWE) Tampa on ... Blvd, for an educational and exciting 2-day program. , An attendee at a ... before they approach patients” about the course entitled Ain't Misbehavin': Decreasing and Managing Pain ...
(Date:4/24/2017)... ... ... “Reflections of God’s Work”: an enlightening collection of life lessons leading each ... published author, Jerri Broglin, a survivor of great loss who gained insight on how ... for those searching for answers, as we are finding the answers that are so ...
(Date:4/24/2017)... Gainesville, Florida (PRWEB) , ... April 24, 2017 , ... ... at the University of Florida. The event will be held at 7:30 pm on ... and Ken Block and Drew Copeland of Sister Hazel, will support the UF Collegiate ...
(Date:4/23/2017)... ... 23, 2017 , ... "An event Horizon is a place where the laws ... Art and Music. These are created as Metaphysical Transformations where music, which is the ... to the ultimate singularity.", -- Karen Salicath Jamali , Karen will also preview her ...
Breaking Medicine News(10 mins):
(Date:4/21/2017)... , April 21, 2017 Halo Labs ... throughput biopharmaceutical particle analysis system called the Horizon at ... May 1st. The new system analyzes sub visible particulate ... time rapid particle screening as early as candidate selection ... with leading biopharma contract research organization Elion Labs ...
(Date:4/20/2017)... , April 20, 2017  RXi Pharmaceuticals Corporation ... therapeutics that address significant unmet medical needs, today ... the Company,s consumer product development program, based on ... Society for Investigative Dermatology (SID) 76 th ... and promote the sciences relevant to skin health ...
(Date:4/20/2017)... , April 20, 2017 Research and ... Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, ... report to their offering. ... The global pharmacogenomics market was valued at US$ 7,167.6 Mn ... by 2024, expanding at a CAGR of 5.6% from 2016 ...
Breaking Medicine Technology: