Park City, UT (PRWEB) March 24, 2014
Today, Zane Benefits, the #1 Online Health Benefits Solution, published new tips for introducing defined contribution to employees.
According to Zane Benefits’ website, defined contribution is like a health insurance stipend, a health insurance allowance, or a business expense account for health insurance. Instead of offering a specific health insurance plan (which may not fit all employees' needs), companies are offering employees a set monthly amount to use on health insurance premiums.
Zane Benefits’ website says most companies choose to offer a defined contribution health plan because it saves the company, and employees, on the cost of health insurance.
The cost of purchasing an individual health plan costs less (on average) than traditional job-based health insurance. And, eligible employees (and their families) have access to federal health insurance tax credits and subsidies. Unlike traditional job-based health insurance (group health insurance), the defined contribution health plan does not disqualify employees from the discounts.
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.