Zane Benefits Publishes New Information on Preparing for Health Reform

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How Employees Can Prepare for Buying Individual Health Insurance in 2014

Today, Zane Benefits, the number one online small business health benefits solution, published new information on preparing for health reform.

According to Zane Benefits’ website, health reform has the biggest impact on Americans without health insurance and those who purchase health insurance on their own.

Starting in 2014, new coverage options become available through the health insurance exchanges. Individual plans will be guaranteed-issue and there will be health insurance discounts available to eligible employees through the exchanges.

The process begins with personal information to determine subsidy eligibility.

  • Social Security numbers for all enrollees
  • W2 forms and pay stubs for all new enrollees

Go to your state-specific health insurance exchange website to create an account, view available plans, and begin the enrollment process.

The website will show available plans, with the price (discounted if eligible).

To make comparison easy, the insurance plans are categorized on a "metallic" sliding scale - Platinum, Gold, Silver and Bronze. These levels represent how much coverage the plan will provide - the more coverage, the more expensive.

Within each category, many states will offer multiple plans to fit individual needs. For example, plans categorized as Silver may have different combinations of deductibles, co-insurance, out-of-pocket maximums, and co-pays.

The cost of the plan will also vary by location, age, carrier, and tobacco usage.

The first enrollment period is now through March 2014. For coverage starting right on January 1, 2014 enroll and pay by December 15, 2013.

Click here to read the full article.

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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.

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Christina Merhar
Zane Benefits
800-391-9209 Ext: 6725
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