Zane Benefits announces a newly published whitepaper for small business employers titled Consumerization: An Employee Benefits Advantage for Small Business. This trend-based analysis concludes that consumers are ready for employee benefits to be reoriented to their needs and expectations.
With health reform lacing news headlines, and bringing with it added pressure on small businesses to provide health benefits to their employees, more and more companies are turning to the individual health insurance market for solutions.
In an effort to clearly communicate the benefits of using ZaneHealth, Zane Benefits is excited to announce the release of a series of on-demand mini-webinars. These snackable compositions are designed to answer common questions, and clarify parts of the ZaneHealth value proposition that are helped by some detailed explanation.
In today’s consumer choice-driven economy, lack of choice and flexibility have come to be seen as major deficiencies of traditional, employer-provided group health plans. Zane Benefits announced today the publication of a new eBook, "Choose Freedom—How Choice Creates Benefit Value" This small business resource gives historical context to the rise of employer sponsored health benefits, and the dynamics of the current health insurance market. As the cost of employer sponsored plans have increased incrementally, over the past 15 years, many new challenges have been introduced. Most notably, the increasing difficulty small business administrators face as they struggle to afford health benefits and compete for top talent. According to Zane Benefits, small businesses can create a competitive advantage by offering health insurance choice. In other words, stringent group plans aren't the only option, and often they fail to meet the individual needs of employees. Small businesses should consider a choice-based plan that is employer funded, but employee owned. This type of plan allows employees to choose and purchase their own individual health insurance plan, then get reimbursed for their premium. "It's all about the power of choice," says Zane Benefits VP of Marketing, Mark Farr. "When we treat health insurance like a consumer product, the value of that product increases. More valuable benefits translate into satisfaction and productivity—which are the reasons we offer benefits in the first place." The new 12-page eBook serves as an informational resource for any business considering a modern solution to their health benefits needs. Download this free, 12-page PDF eBook to learn: The history of employment-based health insurance The advantages and disadvantages of employment-based health insurance How recent legislative changes have created a hybrid solution, allowing small business to save money and offer superior health benefits.
Health benefits are an important tool for attracting and retaining high quality talent. This is true for start-ups and small businesses, as well as Fortune 500 companies. And yet, while nearly all (99 percent) of large employers offer employees health insurance, only half (54 percent) of small and medium-sized businesses offer coverage today (Kaiser/HRET 2015). It’s not that small companies don’t value investing in health benefits - most do. Rather, continual cost increases and restrictive eligibility requirements create significant barriers for offering or keeping coverage. So, where does that leave us today? As small companies explore ways to offer affordable and flexible benefits, one popular solution is to reimburse premiums, instead of paying them. In a newly released whitepaper, Zane Benefits provides 35 Answers to Common Questions on Individual Health Insurance Reimbursement. This method of providing health benefits to employees is quickly becoming a preferred alternative to expensive and rigid group policies that take a one-size-fits-all approach to coverage. According to Zane Benefits CEO, Rick Lindquist, “Three things make health insurance reimbursement appealing to employers. First, it provides better value than cash to the employee. Second, the benefits are employer funded, but employee owned. This results in a drastic reduction of administration requirements. And third, it creates unrestricted choice for employees. They can choose their policy based on individual needs, as opposed to the parameters dictated by the group plan.” Readers of the paper will find practical help with navigating the 2016 open enrollment period and useful tips for using individual health insurance to offer healthier employee health benefits.
Whether your political leanings make you for or against the Affordable Care Act (A.K.A. Obamacare), the new laws surrounding health insurance are leaving opportunities for improved health benefits in their wake. The two biggest catalysts for these opportunities are tied to the individual mandate (requiring all U.S. citizens to have health insurance) and Guaranteed Issue (requiring insurance carriers to issue coverage to applicants despite health history and pre-existing conditions). The key result of these two components of Obamacare is a massive improvement in the individual insurance product. Add government subsidies to this formula and you get better benefits at a lower cost to the majority of consumers and their employers. This dynamic is driving important opportunities for large businesses. According to a 2015 study by Accenture, an estimated 6 million members enrolled in individual health insurance policies using a defined-contribution from their employer, and an employer-sponsored private health exchange for 2015 benefits—that’s 600% of the number of active employees that were insured this way just two years ago. The study projects that this number will rise to 40 million by 2018. So, if large businesses are recognizing the value of controlling their benefits costs while providing employees access to the perks and value of the individual market, what about small businesses?
New eBook Helps Small Businesses Understand This Year's Health Insurance Sign-Up Period Zane Benefits, the leader in individual health insurance reimbursement for small businesses, announced today the publication of a new eBook, "Small Business Guide to Open Enrollment."
New Resource Helps Small Businesses Offer Better Benefits with Fewer Hassles and Lower Costs Zane Benefits, the leader in individual health insurance reimbursement for small businesses, announced today a new 1-minute video, "The Remedy."
New Webinar Presentation Helps Health Insurance Advisors Solve Their Clients’ ACA Compliance Concerns Last week, Zane Benefits co-hosted a webinar titled, "Managing ACA Compliance with Technology." The feedback has been outstanding, so we've made the webinar presentation available to everyone. If you find the information in the slide deck helpful, please share it with friends or colleagues. You can also download the presentation from SlideShare.
Upcoming Webinar Helps Health Insurance Advisors Solve Their Clients’ ACA Compliance Concerns Zane Benefits, the leader in individual health insurance reimbursement for small businesses, announced today an upcoming webinar, Managing ACA Compliance with Technology.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.