Park City, Utah (PRWEB) December 17, 2013
Today, Zane Benefits, the number one online small business health benefits solution, published new information on the popularity of defined contribution health plans.
According to Zane Benefits’ website, a "perfect storm" of unsustainable costs and new Affordable Care Act provisions has experts saying the landscape of employer health insurance is changing. Rapidly. Employers are eager to find ways to offer quality health insurance to employees that both meets the requirements of the ACA and is financially viable to their business.
One of the primary reasons defined contribution health plans are attractive to employers is because they help employers contend with the rising costs of traditional employer-sponsored health insurance.
More and more, health care consumerism and choice is in the spotlight as a way to improve the health care system and keep costs in check. After all, part of the problem with the current health care system is that employees are so far removed from the cost and decision making of their own health care.
Defined contribution health plans encourage health care consumerism because employees are given a health care allowance rather than a specific plan. Employees decide the best way to spend their allowance by choosing a health plan that best fits their needs.
The employer is removed from the actual insurance decisions. Employees are making a direct purchasing decision from the insurance company. This reduces administration time for the company. The employer provides resources to employees to help them with this process but the employer gets out of the business of selecting health insurance.
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.