Providing an HRA for Health Insurance Can Save a Business and Employees on the Cost of Health Insurance
Park City, Utah (PRWEB) July 11, 2013
Today, Zane Benefits, the online alternative to group health insurance, published new information on HRAs and bonusing employees for health insurance.
According to Zane Benefits’ website, small businesses who do not offer health benefits often consider giving employees a salary bonus to help them pay for their individual health insurance. Small businesses who consider this have often been:
· Priced out of group health insurance,
· Cannot meet minimum participation requirements, and/or
· Do not know about small businesses health insurance alternatives such as stand-alone health reimbursement arrangement plans (HRAs).
According to Zane Benefits’ website, providing salary bonuses to employees may seem cheaper and simpler than reimbursing health insurance premiums through an HRA. But, there is one major consideration favoring an HRA for small businesses: Tax savings.
By offering an HRA instead of giving bonuses to employees for health insurance, both the small business and employees save money.
Click here to read full article.
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 small businesses 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. Reported by PRWeb 2 days ago.
Park City, Utah (PRWEB) July 11, 2013
Today, Zane Benefits, the online alternative to group health insurance, published new information on HRAs and bonusing employees for health insurance.
According to Zane Benefits’ website, small businesses who do not offer health benefits often consider giving employees a salary bonus to help them pay for their individual health insurance. Small businesses who consider this have often been:
· Priced out of group health insurance,
· Cannot meet minimum participation requirements, and/or
· Do not know about small businesses health insurance alternatives such as stand-alone health reimbursement arrangement plans (HRAs).
According to Zane Benefits’ website, providing salary bonuses to employees may seem cheaper and simpler than reimbursing health insurance premiums through an HRA. But, there is one major consideration favoring an HRA for small businesses: Tax savings.
By offering an HRA instead of giving bonuses to employees for health insurance, both the small business and employees save money.
Click here to read full article.
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 small businesses 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. Reported by PRWeb 2 days ago.