Zane Benefits Publishes New Information on Simplifying Small Business Health Insurance

With Defined Contribution, Health Insurance Becomes Simply a Payroll Function

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend

Park City, Utah (PRWEB) February 25, 2014

Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on simplifying small business health insurance.

According to Zane Benefits’ website, for small businesses and startups with limited staffing, offering health insurance brings major benefits with recruiting and retaining top employees.

Administering traditional health insurance is a significant time investment. With very small businesses, administering health insurance often falls on the owner, and the time and cost investment can be a significant barrier to offering health benefits.

According to Zane Benefits’ website, the easiest and most cost-effective way to offer small business health insurance today is to make it a payroll function with a "Pure" Defined Contribution Health Plan. With this approach, employees are offered a stipend for health insurance rather than a specific health insurance plan.

One of the driving forces causing small businesses to adopt Defined Contribution Health Plans is cost. With Defined Contribution Health Plans, the small business sets any budget for health benefits and has predictability and control over the cost year to year.

According to Zane Benefits’ website, another driving force causing small businesses to adopt Defined Contribution Health Plans is quick administration time. Once the plan is set up online and employees are enrolled, administering health benefits takes 5 minutes each month online. The small business simply records reimbursements for approved health insurance premiums via their existing payroll process.

Click here to read the full article.

About Zane Benefits

Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.


Contact

Follow us on: Contact's Google Plus