Park City, UT (PRWEB) May 23, 2014
Today, Zane Benefits, the #1 Online Health Benefits Solution, published a new information on reimbursing employees for their individual or personal health insurance costs.
According to Zane Benefits’ website, small businesses, nonprofits, and health insurance professionals often have questions about health insurance reimbursement.
Zane Benefits’ website says, an employer can utilize Section 105 of the Internal Revenue Code to establish a formal self-insured medical reimbursement plan to reimburse employees for their substantiated individual health insurance costs on a pre-tax basis. This type of plan is also called a Healthcare Reimbursement Plan (HRP).
When providing tax-free reimbursement of individual health insurance policies through an HRP, the employer must ensure compliance with federal regulations, including but not limited to legal plan documents, summary plan descriptions, and new “Market Reforms” required by the Affordable Care Act.
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.