What is Zane Benefits?

Overview

Zane Benefits is the leader in individual health insurance reimbursement for small businesses. Since 2006, Zane Benefits has been on a mission to bring the benefits of individual health insurance to business owners and their employees.

Zane Benefits' software helps businesses reimburse employees for individual health insurance plans for annual savings of 20 to 60 percent compared with traditional employer-provided health insurance. Today, over 20,000 customers use Zane Benefits' software, services, and support to reimburse individual health insurance plans purchased independent of employment.

Zane Benefits' software has been featured on the front-page of The Wall Street Journal, the USA Today, and The New York Times. Zane Benefits was founded in 2006 and is based in Salt Lake City, Utah.

Group Health Insurance is Broken.

Health insurance is the single most important consumer financial product Americans purchase today. One wrong step can bankrupt even the most affluent family. Yet, most Americans don’t get to pick their own health plan or doctor network. Rather, they get a one-size-fit-all group health insurance plan chosen by someone else. Due to recent reforms to the individual health insurance market, it no longer makes financial, logical or social sense for employers to continue offering group health insurance plans to employees. This is because group health insurance:

  1. Is unaffordable,
  2. Limits employee choice, and
  3. Has become socially irresponsible.

 

Our Solution - ZaneHealth

We help employees take control of their healthcare. With ZaneHealth, employees:

✓ Pick the plan that best fits their needs, including their doctor
✓ Keep their plan for as long as they want
✓ Save money with new health care subsidies

Employers use ZaneHealth to reimburse employees for individual health insurance plans. Here's how it works:

  1. Employer sets a monthly healthcare allowance — a "defined contribution"
  2. Employees pay for their own individual health plan with their own money — just like car insurance
  3. ZaneHealth reimburses employees for their health plan cost — up to their healthcare allowance

With major provisions of health reform taking effect in 2014, experts agree the landscape of group health insurance will rapidly transform to individual policies subsidized by the federal government and employers.