New Buying Guide Helps Small and Medium-Sized Businesses Evaluate Stand-Alone HRA Providers
Zane Benefits, the online alternative to group health insurance, announced today the publication of a free eBook "The Stand-Alone HRA Buying Guide." The new buying guide outlines how businesses can evaluate Health Reimbursement Arrangement (HRA) providers.
Stand-Alone HRA plans are a new alternative to employer-sponsored group health insurance plans. Rather than paying the costs to provide a specific group health plan benefit, employers can fix their costs on a monthly basis by establishing a Stand-Alone HRA plan.
With a Stand-Alone HRA, both the business and employees save money. Here's how:
The business gives each employee a fixed dollar amount (an HRA allowance) that the employees choose how to spend.
Employees purchase their own individual policy directly from a health insurance company of their choice (typically, this saves the employee 25-50%).
Employees use their HRA allowance to reimburse themselves for their individual health insurance costs or other medical expenses such as doctor visits and prescription drugs.
The business fixes all costs and has complete control of the HRA plan.
Small and medium-sized business owners, non-profits, CEOs, CFOs, HR professionals and accountants should download this buying guide to learn how to evaluate Stand-Alone HRA providers.
The 18-page buying guide is available for free download at the zanebenefits.com website and covers the following topics:
How Stand-Alone HRAs benefits the businesses and employees
Why and how to use HRA Software
How to compare features with HRA Software
Questions to ask when researching providers
Your role in administering a successful Stand-Alone HRA plan
About Zane Benefits, Inc.
Zane Benefits, Inc., a software company, helps insurance brokers, accountants, and employers take advantage of new defined contribution health benefits via its proprietary SaaS health reimbursement arrangement (HRA) software. Zane Benefits does not sell insurance. Using Zane’s platform, insurance professionals and accountants offer their clients a custom defined contribution plan. Learn more at www.zanebenefits.com.