Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on health insurance alternatives for churches.
According to Zane Benefits’ website, defined contribution health benefits offer churches a smart alternative to traditional group health insurance. When churches cannot afford group health insurance, churches are turning to defined contribution to offer employees flexible and cost-effective health benefits. Ultimately, defined contribution health benefits allow churches to take care of valued staff.
Zane Benefits’ website highlights the main reasons churches are quickly adopting defined contribution health benefits:
- Churches can use defined contribution health benefits to legally reimburse staff for individual health insurance premiums.
- Churches decide how much to provide to employees. There are no minimum contribution amounts, therefore all costs are predictable to the church.
- Churches decide who to offer the health benefits to. For example: all employees, only clergy/pastors, only full-time employees, etc.
- Church employees select the individual health insurance policy that best fits the needs of their family. Eligible employees can purchase an individual health insurance policy through their state health insurance exchange and access the health insurance tax credits.
The easiest way to think about defined contribution health benefits is that the church offers employees an allowance for health insurance rather than offering coverage under a group health insurance policy.
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.