Zane Benefits Publishes New Information on Health Insurance Marketplaces

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Key Tax Credits and Subsidies Only Available for Coverage Purchased through a State Health Insurance Exchanges

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, starting in 2014, health insurance coverage for individuals and small businesses will become available through new state health insurance marketplaces. Most importantly, the key tax credits (e.g. the small business healthcare tax credits) and tax subsidies (e.g. individual health insurance tax subsidies) will only be available for coverage purchased via a state health insurance exchanges ("marketplaces").

According to Zane Benefits’ website, states have three options for setting up a state health insurance exchange for 2014:

1. Build a State-Based Exchange,

2. Enter into a State-Federal Partnership Exchange, or

3. Default to the Federally-Facilitated Exchange.

Health Insurance Marketplaces by State

Zane Benefits’ website provides a guide to the individual health insurance exchanges ("marketplaces") by state, as of March 2013. The website for each state marketplace is provided, as currently available.

What kind of health insurance will be available through the Health Insurance Marketplaces?

According to Zane Benefits’ website, the health insurance marketplaces will offer Qualified Health Plans (QHPs) that are the same high-quality health plans available on the private market today. These QHPs will provide the essential levels of coverage and comply with consumer protections set forth in the Affordable Care Act.

Health insurance companies must offer the same products at an identified price whether they are offered through the Health Insurance Marketplace or in the open market.

In addition to these traditional health plans, the Health Insurance Marketplaces may also offer what is called "catastrophic coverage," which helps protect a person from financial disaster in the event of a serious and expensive medical emergency. Catastrophic coverage is not designed for day-to-day medical expenses such as doctor visits, prescription medicines or even emergency room visits. It is designed to cover excessive medical bills that occur above the limit that you would be able to manage financially. Generally, the catastrophic coverage will be available for those up to age 30.

There will be four basic levels of coverage: platinum, gold, silver and bronze. This ranking system will make it easy to compare plans in the same category or across categories. As the metal category increases in value, so does the percent of medical expenses that a health plan will cover. These expenses happen at the time of health care services – when you visit the doctor or the emergency room, for example. The health plans that cover more of your medical expenses usually have a higher monthly payment but you will pay less whenever you receive medical care.

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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

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Christina Merhar
Zane Benefits
800-391-9209 6725
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