We are at a significant crossroads with health insurance in America. Defined contribution is the future.
Park City, Utah (PRWEB) November 15, 2013
Zane Benefits, the #1 online health benefits solution, announced today the publication of an original infographic on small business health insurance. The new infographic helps small businesses, nonprofits, brokers, and accountants visualize the changing landscape of employer health insurance in the U.S.
According to Zane Benefits, employer health insurance originated in the 1940's as a way to increase non-taxable income during WWII wage controls. By the 1960's employer health insurance had become the norm. However, the current model of employer health insurance is broken for employers and employees and the cost is unsustainable.
Small businesses have been hit the hardest and as a result only 35% of small businesses offer health insurance to employees. That's 2.3 million small businesses in the U.S. not offering health insurance. The number one reason? Cost.
According to Rick Lindquist, President of Zane Benefits, "We are at a significant crossroads with health insurance in America. The infographic provides a visual depiction of the history of health insurance, the challenges small businesses face, and why defined contribution is the future."
About Zane Benefits, Inc.
Zane Benefits, Inc., a software company, helps employers, insurance brokers, and accountants take advantage of new defined contribution health benefits via its proprietary SaaS defined contribution software ("ZaneHealth"). Zane Benefits does not sell insurance. Using Zane’s platform, insurance professionals and accountants offer their clients a custom defined contribution plan. Learn more at http://www.zanebenefits.com.