Salt Lake City, Utah (PRWEB) May 26, 2016
Zane Benefits, the leader in individual health insurance reimbursement for small businesses, announced today the publication of a new resource, "Sample Section 105 Medical Reimbursement Plan." The guide helps small businesses understand and set up an individual health insurance reimbursement program.
According to Zane Benefits, a significant milestone for small and growing businesses is offering employee health benefits. For most small businesses, however, traditional employer health insurance is out of reach. The cost is too high or the company cannot meet eligibility requirements.
As a result, small businesses are approaching employee health benefits a little differently. Instead of contributing to employer health insurance coverage, businesses are setting up Section 105 Medical Reimbursement Plans to reimburse employees for individual health insurance coverage.
Individual health insurance reimbursement is being widely adopted because small employers need affordable, financially sustainable healthcare options. Individual health insurance offers employees permanent, quality health insurance and Section 105 Plans offer employers a way to contribute to employees' healthcare expenses.
The new guide provides small business owners and leadership teams with practical tools, information, and worksheets to understand how to use Section 105 Plans for individual health insurance reimbursement.
The 13-page eBook is available for free download at the zanebenefits.com website and covers the following topics:
- Setting up and designing a Section 105 plan
- Plan document requirements
- Three options for plan administration
- Compliance considerations
- Evaluating the cost of a Section 105 plan
About Zane Benefits, Inc.
Zane Benefits was founded in 2006 with a mission to consumerize employee benefits for small business. We have a vision for the world where employee benefits are actually employee benefits rather than employer benefits. "Consumerize" is the word we use to describe that vision. When small businesses offer Zane Benefits instead of traditional benefits, they save time and money by empowering employees with tax-free dollars. Using our online software platform (PeopleKeep®), small businesses help employees purchase their own benefits with real dollar contributions.