Zane Benefits Publishes New Information on California Exchange Rates

Average Individual Health Insurance Plan Will Cost California Residents $321, Before Subsidies

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Park City, Utah (PRWEB) June 15, 2013

Today, Zane Benefits, Inc. published new information on the California Health Insurance Exchange rates. 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 California Health Insurance Exchange announced last week which carriers intend to offer individual plans through Covered California, California's Exchange. The California Health Insurance Exchange will be an online portal where where California individuals, families, and small businesses can shop for health insurance plans and receive access to federal tax credits. Covered California will open for enrollment October 1, 2013 with coverage beginning January 1, 2014.

According to Zane Benefits’ website, Covered California announced that thirteen carriers will offer individual plans through the Exchange. California residents will have access to more than 80% of practicing physicians and 80% of acute care hospitals through these 13 health plans. It's estimated that 5.3 million Californians will qualify to buy coverage through the California Health Insurance Exchange.
California Health Insurance Exchange - Individual Plan Rates

According to Zane Benefits’ website, the statewide average for a Silver-rated plan will be $321 (before applicable federal tax subsidies). All plans will be offered by levels of coverage: Bronze (plan pays 60%), Silver (plan pays 70%), Gold (plan pays 80%) and Platinum (play pays 90%).

Additionally, eligible individuals purchasing plans through the California Health Insurance Exchange will be able to apply federal tax credits. The tax credits will lower the cost of the premium and will be applied at the time of purchase. The tax credits are based on income and family composition.

Click here to read full article.

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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.


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