Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on health insurance expense reimbursement.
According to Zane Benefits’ website, the easiest way for small and medium sized employers offer health benefits today is with a Section 105 "Pure" Defined Contribution Plan. With the right Section 105 Software, employers can record tax-free health care reimbursements via their existing payroll service.
According to Zane Benefits’ website, when an employer reimburses an employee through a Section 105 Pure Defined Contribution Health Plan, employee gross salaries are not affected. An employer simply adds the dollars that have been approved for employees' qualified insurance premiums to the employee's paycheck using a non-taxable line-item. This concept is often referred to as a "tax-free addition" or "negative deduction" on the paycheck.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.