(PRWEB) December 11, 2012
Zane Benefits, the leader in Defined Contribution and Health Reimbursement Arrangement (HRA) solutions for business health benefits, today published an article addressing why health insurance brokers need an HRA administration partner.
The insurance industry is going through massive changes and employers are turning to health insurance brokers to provide them with answers. Regardless of the future of health care reform, here is an absolute truth about the health insurance industry: Most small business can no longer afford traditional group health insurance plans!
HRAs Are a New Alternative to Traditional Group Health Insurance
A Health Reimbursement Arrangement, or HRA, is an IRS approved, employer-funded, tax advantaged employer health benefit plan that reimburses employees for out of pocket medical expenses and individual health insurance premiums.
What Is An HRA Administration Partner?
The rules and regulations governing HRAs can be complicated. An HRA Administration Partner will help a health insurance broker focus on their main business - health insurance! Integration of the insurance broker's sales tools, customized marketing materials, and unlimited sales assistance are key components to a successful HRA Administration partnership. See HRA Administration - 15 Features To Expect From Your Provider.
An HRA Administration Partner can solve the following problems for group and individual health insurance brokers:
- Losing group health insurance clients due to cost or participation requirements
- Needing more time to focus on your insurance business
- Needing solutions and tax-savings for clients not offering health benefits
- Wanting to sell more individual health insurance
- Losing revenue due to high deductible health plans and health care reform
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About Zane Benefits, Inc.
Zane Benefits, Inc, a software company, helps insurance brokers, accountants, and employers take advantage of new defined contribution health benefits and private exchanges via its proprietary SaaS online health benefits software. Zane Benefits does not sell insurance. Using Zane’s platform, insurance professionals and accountants offer their clients a defined contribution plan with multiple individual health insurance options via a private health exchange of their choice.