Zane Benefits, Inc. unveiled its new website designed to educate employers, accountants and health insurance professionals about the new federal regulations allowing simplified employer health benefits.
The defined contribution health plan on ZaneBenefits.com allows an employer to name the price. Rather than paying the costs to provide a specific group health plan, employers instead fix their costs by establishing a monthly dollar amount that employees choose how to spend.
Employers make available a tax-free monthly allowance that employees use to purchase their own individual policy directly from a carrier or independent licensed health insurance agent. Or, if an employer is not able to provide an allowance for certain employees, such employees may use a portion of their pre-tax salary to purchase a policy. This increases the employee's after-tax purchasing power by 20 to 40 percent and also reduces the company's payroll liabilities.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
