Park City, Utah (PRWEB) September 07, 2013
Today, Zane Benefits, the number one online small business health benefits solution, published new information on why individual health insurance is better.
According to Zane Benefits’ website, in the past, most Americans received health insurance through their employer, but, individual health insurance is about to get more popular. In 2014 all individual plans will be guaranteed-issue, and the individual premium subsidies will help make plans more affordable to those eligible. These changes are needed because employer health insurance is broken.
Simply stated, employer health insurance is broken because it costs too much for the employer and employees, employees don’t get a choice, and employees lose their health insurance when they switch jobs.
Because of this, employees pay too much for insurance, don’t know what it covers, and don’t take the time to understand health insurance.
Individual health insurance is a policy employees purchase for themselves, and their families.
The new individual health insurance market makes it easier for employees to take control of their own health care.
Employees get to pick the plan that best fits their needs, keep the same plan for as long as they want, and save money with new premium subsidies.
Employers can provide employees both a valued health benefit, and allow employees to receive the benefits of individual health insurance and the premium subsidies, by not offering traditional employer health insurance, and providing their employees with a defined contribution health benefits plan.
A defined contribution health plan strategy allows employees to receive the benefits of individual health insurance (and become smarter healthcare consumers), and allows the employer to have more predictable healthcare costs.
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 ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and 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 ZaneHRA, visit http://www.zanebenefits.com.