Navigation Links
Zane Benefits Publishes New Information on Health Insurance Allowances
Date:10/27/2013

Park City, Utah (PRWEB) October 27, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on health insurance allowances.

According to Zane Benefits’ website, pure defined contribution health models are fast becoming popular with small businesses. With pure defined contribution a business contributes a fixed dollar amount toward employees' health insurance costs.

The defined contribution plan (and health insurance allowance) is not a health insurance plan. Rather, it's a compliant way to reimburse employees for individual health insurance premiums.

The most common approach to providing a health insurance allowance is to use a limited-purpose Section 105 medical reimbursement plan. With this type of plan, the business decides the amount of the health insurance allowances, who is covered and employee eligibility criteria. A Section 105 plan is one of the only compliant ways a business can provide reimbursement for personal health insurance policies.

For small businesses, recruiting and retaining quality employees is vital. Offering health benefits is an important part of the compensation offered to them, and it sets the business apart as an employer of choice.

Whether the business is hiring its first W2 employee, a formal health benefits package is needed to retain a key employee, or group health insurance costs exceed internal budgets, providing a health insurance allowance allows small businesses to offer formal health benefits.

According to Zane Benefits’ website, another reason many small businesses are using health insurance allowances is because of new opportunities with health reform.

  • Massive tax subsidies on the individual insurance market will be available to most employees as eligibility is based on household income.
  • All individual policies are guaranteed-issue, eliminating the non-economic (i.e. moral) factors from a small business's decision-making process. In other words, businesses feel assured that sick employees will be able to secure individual health coverage.
  • For small businesses there is no employer mandate and no penalties for not offering traditional health insurance in 2015.

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/2013/10/prweb11268522.htm.


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

Related medicine news :

1. Talking to Yourself Could Have Mental Benefits
2. Research examines when benefits of screening mammography outweigh the harms for women in their 40s
3. Everyday fish oil capsule may provide kidney-related benefits
4. Back Pain Therapy Often Yields Early Benefits: Study
5. Benefits of Widespread Statin Use Outweigh Risks: Study
6. Accelerated chemotherapy given before surgery benefits patients with muscle-invasive bladder cancer
7. Experts call for clinical trials to test non-skeletal benefits of vitamin D
8. Flu shot during pregnancy shows unexpected benefits in large study
9. Zane Benefits Announces Wellness HRAs: A New Way to Reward Healthy Employees
10. Tai Chi increases brain size, benefits cognition in randomized controlled trial of Chinese elderly
11. MTSS-mba Membership Benefits Administration Software for Private and Taft-Hartley Employee Benefit Funds Releases New Pension Modules
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/12/2017)... ... October 12, 2017 , ... ... sleep apnea using cutting-edge Oventus O2Vent technology. As many as 18 ... characterized by frequent cessation in breathing. Oral appliances can offer significant relief to ...
(Date:10/12/2017)... ... ... IsoComforter, Inc. ( https://isocomforter.com ), one of the Nation’s premier ... of the shoulder pad. The shoulder pad provides optimal support and full contact ... using cold therapy. By utilizing ice and water that is circulated from an insulated ...
(Date:10/12/2017)... ... 12, 2017 , ... Information about the technology: , Otomagnetics ... enable prevention of a major side effect of chemotherapy in children. Cisplatin and ... For cisplatin, hearing loss is FDA listed on-label as a dose limiting toxicity. ...
(Date:10/12/2017)... ... ... Leading pediatric oncology experts at Children’s National Health System will join ... International Society of Paediatric Oncology (SIOP) Oct. 12-15. Chaired by Jeffrey Dome, ... at Children’s National, and Stephen P. Hunger, M.D., Chief of the Division of ...
(Date:10/12/2017)... ... October 12, 2017 , ... Health Literacy ... health literacy software tool, and the Cancer Patient Education Network (CPEN), an independent ... today announce a new strategic alliance. , As CPEN’s strategic partner, HLI ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... AVACEN Medical , Inc. (AVACEN) announced that Frost & ... Innovation Award for Its fibromyalgia pain management device. The ... market research by Frost & Sullivan,s industry experts. ... product, the AVACEN 100, offers a safe and effective solution ... ...
(Date:10/11/2017)... Texas , Oct. 11, 2017  Caris Life ... focused on fulfilling the promise of precision medicine, today ... has joined Caris, Precision Oncology Alliance™ (POA) as its ... cancer centers, the St. Jude Crosson Cancer Institute will ... advance the use of tumor profiling, making cancer treatment ...
(Date:10/10/2017)... 2017   West Pharmaceutical Services, Inc. (NYSE: ... drug administration, today shared the results of a study ... the intradermal administration of polio vaccines. The study results ... May 2017 by Dr. Ondrej Mach , Clinical ... Organization (WHO), and recently published in the journal ...
Breaking Medicine Technology: