Park City, Utah (PRWEB) October 09, 2013
Today, Zane Benefits, the number one online small business health benefits solution, published new information on defined contribution health for small businesses.
According to Zane Benefits’ website, pure defined contribution health plans provide small businesses a way to offer employees excellent health benefits without the cost or complication of group health insurance.
In the past, businesses have always relied on group health insurance to offer employee health benefits. However, continual increases in health care costs have adversely impacted most businesses’ ability to provide health benefits.
Most businesses want to provide quality health benefits for their valued employees. But for a small business, a traditional group health plan may not be cost effective for the employees or the business. As a result, educated businesses are transitioning to pure defined contribution health plans.
Pure defined contribution health plans offer predictable costs to the business, while providing employees access to quality health insurance. The general concept is that a business would:
Not offer a group health insurance plan
Define any amount you can afford for health benefits
Use Defined Contribution Software to give each employee a fixed dollar amount to use on individual health insurance premiums
Employees purchase their own individual or family policies.
A pure defined contribution health plan approach is an affordable alternative to a group health insurance plan.
Pure defined contribution health plans give the business complete control over the cost the plan. The business decides:
Amount of defined contribution allowances
Who is covered
Employee eligibility criteria
In order for any health benefits program to work, it has to meet the business’s budget and provide value to employees. The following aspects of pure defined contribution health plans contribute to happier employees:
Access to the Best Health Care
Coverage for All Employees
Access to Health Insurance Subsidies
Easy to Learn Software
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.