Navigation Links
Zane Benefits Publishes New Information on the Individual Health Insurance Mandate Tax Penalty

Park City, Utah (PRWEB) February 08, 2013

Today, Zane Benefits, Inc. published new information on the Individual Health Insurance Mandate Tax Penalty. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement accounts.

According to Zane Benefits’ website, beginning in 2014, the Affordable Care Act includes a mandate for most individuals to have health insurance. If an individual fails to meet the requirements of the mandate, he or she will be required to pay a tax penalty. Specifically, the individual mandate requires individuals to maintain "minimum essential coverage" for themselves and their dependents. Here are some frequently asked questions (FAQs) about the mandate:

What is Minimum Essential Coverage?

According to Zane Benefits’ website, Minimum essential coverage is the minimum amount of health insurance coverage an applicable individual must purchase to avoid paying the penalty.

What Types of Coverage Qualifies as Minimum Essential Coverage?

According to Zane Benefits’ website, the following plans qualify as minimum essential coverage:
1.    Coverage under government sponsored programs (e.g. Medicare and Medicaid).
2.    Coverage under an "eligible employer-sponsored plan".
3.    Coverage under a plan offered in the individual market within a State.
4.    Coverage under a grandfathered health plan.
5.    Other coverage, such as coverage under a State risk pool, that the Secretary of Health and Human Services (HHS) chooses to recognize as minimum essential health coverage.

Minimum essential coverage does not include:

1.    Coverage consisting of excepted benefits, such as dental-only coverage.
2.    Employer-based coverage that is not offered through an "eligible employer-sponsored plan", such as a Health Reimbursement Arrangement.

What is an “Eligible Employer-Sponsored Plan?”

According to Zane Benefits’ website, coverage under an eligible employer-sponsored plan is defined as a group health plan or group health insurance coverage offered by an employer which is:

1.    a governmental plan under PHS section 2791(d)(8),
2.    any other plan or coverage offered in the small or large group market within a State, or
3.    a grandfathered health plan offered in a group market.

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 Arrangement (HRAs) and defined contribution healthcare. 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. Daily Dialysis Has Risks, Benefits for Kidney Disease Patients
2. Students in Educational First Steps Assisted Centers Show Persistent Benefits Far Beyond Early Childhood According to University of Texas at Dallas Study
3. Omnivita Benefits Launches No-Cost Prescription Drug Discount Card
4. Benefits of CT Scans May Outweigh Cancer Risk for Young Adults
5. Benefits of CT outweigh cancer risks in young adults
6. RSNA: Benefits of CT Outweigh Cancer Risks in Young Adults
7. With Benefits Unproven, Why Do Millions of Americans Take Multivitamins?
8. Zane Benefits Publishes New Information on Types of Health Insurance Plans
9. Zane Benefits Publishes New Information on Small Business Employee Benefits
10. Zane Benefits Publishes New Information on Health Care Reform and Adjusted Gross Income (AGI) vs. Modified AGI
11. Zane Benefits Publishes New Information on Actuarial Value (AV)
Post Your Comments:
(Date:12/1/2015)... , ... December 01, 2015 , ... ... Field for Effective Post-Affiliation Integration ,” addresses a main “pain point” for merging ... the anticipated results, once a deal is signed. This quick-read guidance suggests ...
(Date:12/1/2015)... ... December 01, 2015 , ... Nurotron Biotechnology Co., Ltd., maker of cochlear implant ... , The order will be from the China Disabled Persons’ Federation, a central ... an effective solution for children and adults suffering from severe and profound hearing ...
(Date:11/30/2015)... ... November 30, 2015 , ... Third ... today that it has officially launched a sleek, mobile-ready and user-centric redesigned website. ... company’s new website clearly outlines the benefits that its SEO services provide to ...
(Date:11/30/2015)... Garden City, NY (PRWEB) , ... December 01, ... ... (NAPW) honors Christina Colon as a 2015-2016 inductee into its ... for leadership in pharmacy. NAPW is the nation’s leading networking organization exclusively for ...
(Date:11/30/2015)... ... December 01, 2015 , ... Live Very Well is excited ... plans on . The multi-carrier insurance exchange platform offers individual vision ... consumers to compare, quote and match plans to meet their needs. , ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... , Nov. 30, 2015  QT Vascular Ltd., ... and together with its subsidiaries, TriReme Medical LLC and ... company engaged in the design, assembly and distribution of ... vascular disease, is pleased to announce that a three-judge ... Court of Appeals for the Federal Circuit ("Federal Circuit") ...
(Date:11/30/2015)... Nov. 30, 2015  DURECT Corporation (Nasdaq: ... Matt Hogan , Chief Financial Officer, will ... on Tuesday, December 8 at 2:45 pm ... at the Westin Grand Central Hotel in ... for one-on-one meetings at this conference; interested ...
(Date:11/30/2015)... DUBLIN , Nov. 30, 2015 ... addition of the "Orphan Drugs Market 2015-2019" ... ) has announced the addition of the ... their offering. --> Research and Markets ... the "Orphan Drugs Market 2015-2019" report ...
Breaking Medicine Technology: