Zane Benefits Says IRS Delayed Penalties Help Small Businesses

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Zane Benefits CEO, Rick Lindquist says IRS Notice 2015-17 delays are good for small businesses, but more action is needed.

On February 18th, 2015 the Internal Revenue Service released Notice 2015-17 outlining that penalties levied on small businesses with under 50 employees taking part in an Employer Payment Plan will be delayed until June 30, 2015.

According to Zane Benefits CEO Rick Lindquist, “Notice 2015-17 is great news for small businesses nationwide struggling to offer affordable health benefits to their employees while remaining compliant with the Affordable Care Act.”

Lindquist added, “This is a temporary solution. Small businesses may see further relief with the reintroduction of the Small Business Healthcare Relief Act, previously introduced in 2014 by Reps. Mike Thompson (D-CA) and Charles Boustany (R-LA).

In the meantime, businesses should replace noncompliant health reimbursement arrangements and employer payment plans with compliant solutions. Our ZaneHealth solution is a compliant alternative to HRAs and employer payment plans.”

According to the bill, the Small Business Healthcare Relief Act will ensure small businesses are allowed to use pre-tax dollars to give employees a defined contribution via a health reimbursement arrangement, or HRA.

For more information visit:ZaneBenefits.com

EDITORS NOTE: Rick Lindquist is available for questions from the media through Zane Benefits. Contact Leah Bergersen at 435-659-2921 or leah(dot)bergersen(at)zanebenefits(dot)com

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About Zane Benefits:
Zane Benefits is the leader in individual health insurance reimbursement for small businesses. Since 2006, Zane Benefits has been on a mission to bring the benefits of individual health insurance to business owners and their employees.

Zane Benefits' software helps businesses reimburse employees for individual health insurance plans for annual savings of 20 to 60 percent compared with traditional employer-provided health insurance. Today, over 20,000 customers use Zane Benefits' software, services, and support to reimburse individual health insurance plans purchased independent of employment. For more information visit ZaneBenefits.com.

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Leah Bergersen
Zane Benefits
+1 (435) 659-2921
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