Park City, UT (PRWEB) March 20, 2014
Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on the employee eligibility for defined contribution health plans.
According to Zane Benefits’ website, A common question from employers setting up a defined contribution health plan is about employee eligibility - what makes employees eligible for the plan? With a "pure" defined contribution health plan, the employer designs the plan, determines employee eligibility, and sets the healthcare allowance amounts. Employees purchase health insurance, and defined contribution software takes care of the rest.
Zane Benefits’ website says that eligibility is based on how the employer sets up the plan, which varies company to company. There are two defined contribution plan design options that impact eligibility: Employee Classes and Waiting Periods.
With a defined contribution health plan, you can give employees different contributions based on classes of employees. Similarly, you can offer the benefit to some classes of employees and not to others.
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.