Park City, Utah (PRWEB) March 02, 2013
Today, Zane Benefits, Inc. published new information on health insurance marketplaces. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement arrangements.
According to Zane Benefits’ website, the Centers for Medicare and Medicaid Services (CMS) has released draft versions of the health insurance marketplace applications for individual health insurance coverage. CMS says the individual application will represent a single point of entry to purchase private insurance on health insurance exchanges (which are being rebranded as Marketplaces) and to assess eligibility for assistance including Medicaid, CHIP and the advance payment of premium tax credits.
Overview of the Health Insurance Marketplace Applications
According to Zane Benefits’ website, the 21-page application draft is intended to help families determine what, if any, federal tax credits, subsidies or programs they are eligible for. It does not enroll applicants in an insurance plan and employers and employees must fill out separate applications.
According to Zane Benefits’ website, there are two versions of the draft applications:
1. A draft application for Individuals Seeking Financial Assistance (21 pages), and
2. A draft application for Individuals NOT Seeking Financial Assistance (8 pages).
Frequently Asked Questions (FAQs) about the Draft Applications
Why would I use application #1 vs #2?
According to Zane Benefits’ website, you would use application #1 to see what health insurance choices (and financial assistance) you qualify for, including:
- Free or low-cost insurance from Medicaid or the Children’s Health Insurance Program (CHIP), and
- New premium tax credits that can help pay your health insurance premiums.
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to employers and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.