Park City, UT (PRWEB) November 25, 2013
Today, Zane Benefits, the number one online small business health benefits solution, published new information on small business health insurance facts.
According to Zane Benefits’ website, many small business owners think that offering health insurance is beyond reach. But, with new options today, it is easier than many small businesses think. The benefits of offering health insurance to employees are generally agreed upon:fast facts small business health insurance
Offering health insurance helps attract and retain high-quality, key employees. Evidence shows that insured persons are healthier. Better health increases worker productivity, which can enhance the business's overall performance.
Health insurance provides employees and their families with protection from catastrophic financial losses that can accompany serious illness or injury.
Lack of information may keep some small business owners from exploring health insurance options for their employees and/or themselves.
Employees consider health insurance to be, by far, the most important fringe benefit. In 2014, nearly all Americans will be required to have health insurance or else pay a fee. So even if a small business decides not to offer the traditional health insurance, they can offer health benefits in the form of a healthcare allowance to help employees pay for their personal policies.
The number one reason over half of small businesses don't offer health insurance is cost. The alternatives to traditional health insurance include Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), association-sponsored plans, and defined contribution health plans (i.e. an employer-funded healthcare allowance paired with personal health insurance). Out of these, defined contribution is becoming the most popular because it allows a small business to "name it's price" for health benefits and have controlled liability over the lifetime of the benefits.
Because of this and other health reform opportunities for small business owners, experts predict that up to 60% of educated businesses plan to transition to alternative health insurance solutions including defined contribution.
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.