Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on ACA and small group health plans.
According to Zane Benefits’ website, as a result of the Affordable Care Act (ACA), employers who offer a fully-insured small group health plan are seeing an impact on their health coverage in two primary ways.
First, to fund some of the ACA mandated changes and programs, several new taxes and fees are impacting premiums and rates. Fully-insured small group health plans are seeing the following health reform fees added to their premiums. The fees impact employers differently based on location and plan design. However on average, employers are seeing premium rate increases because of these new ACA taxes and fees.
Second, the ACA requires certain plan design, coverage, and administration changes that impact employers with a fully-insured small group health plan. According to Zane Benefits’ website, some of the major changes are adjusted community rating and market restrictions, the employer mandate, spending limits, and guaranteed availability and renewability.
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.