Zane Benefits Publishes New Information on How ACA is Changing Health Insurance

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4 effects that Obamacare will have on the health insurance industry.

Today, Zane Benefits, the number one online small business health benefits solution, published new information on how the ACA is changing health insurance.

According to Zane Benefits’ website, regardless of your feelings about the Affordable Care Act, the health insurance industry is undergoing a major shift.

Here's four ways the health care industry, specifically individual and small business health insurance, is positioned to change because of the Affordable Care Act:

1. Individual Health Insurance Will Be More Transparent

Currently, shopping for an individual health insurance plan can be a confusing and lengthy process. Varying prices, coverage benefits, and terms are hard to understand. Then, there is the infamous and tedious application form, requiring detailed past medical history. Starting October 1, 2013, consumers can now create an account on their state’s online health insurance exchange, supply basic personal information , and then compare all qualified plans, from multiple insurance carriers, side-by-side.

How is this going to change things? Because insurance carriers can no longer employ risk avoidance, they will need to focus on the delivery of benefits, and quality of care to attract consumers and drive down costs.

2. Small Businesses Will Transition to "Pure" Defined Contribution Health Plans

In the past, small businesses turned to small group health plans to offer health insurance. With the health care reform, many small employers are sending their employees to the individual health insurance exchanges, and providing them with a healthcare allowance to help with the individual health insurance premiums.

3. Options Will Eventually Drive Competition to the Exchanges

At first, it’s likely that large companies are going to back off from the exchanges and take a wait-and-see approach. However, as the exchanges begin to mature, larger companies may begin to see the advantages the exchanges provide in low transactional costs, more insurance options, and better premium stability.

4. Health Care Quality Will Improve, As Will Consumer Choices

Over time, the companies that offer the best coverage, rather than cover the healthiest individuals, are going to have the most consumers signing onto their plan.

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

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Christina Merhar
Zane Benefits
800-391-9209 6725
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