Park City, UT (PRWEB) March 22, 2013
Today, Zane Benefits, Inc. published new information on health reimbursement accounts. 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 regulations governing Health Reimbursement Arrangements or HRAs are simple, yet very flexible. HRA software administrators allow companies to take advantage of literally hundreds of features and plan design options, while keeping administration simple. Zane Benefits provides a checklist of features companies should look for in an online HRA administrator.
HRA Administrator Feature #1: Paperless Set Up & Enrollment
According to Zane Benefits’ website, a company should look for an online HRA administrator that offers electronic set up, plan design and instant generation of required ERISA, HIPAA and IRS plan documents. Additionally, employees should be able to "electronically sign" their enrollment documents with a click of a mouse.
HRA Administrator Feature #2: Web-Based Claim Submission
According to Zane Benefits’ website, online claim submission makes HRA reimbursements simple and transparent for employees. In addition to submitting claims online, employees should be able to see all account activity, claim status and HRA balance information.
HRA Administrator Feature #3: Fast Claims Processing
According to Zane Benefits’ website, a company should check if the online HRA administrator process claims quickly and accurately. Claims should be processed within 2 business days maximum (the average time at Zane Benefits is currently 1-2 business hours). This will ensure that employees receive quick turn-around time on reimbursements.
HRA Administrator Feature #4: HIPAA-Privacy
According to Zane Benefits’ website, an online HRA administrator will ensure HIPAA compliance by keeping all sensitive Protected Health Information HIPAA-protected. Look for an online HRA administrator who will securely store all receipts online and make them available in the employee's private online portal for convenience and easy reference.
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.