March 8, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Zane Benefits Publishes Health Care Reform Info

Press Release

March 8, 2013

Zane Benefits has published new information on health care reform provisions. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer-sponsored health benefits, is the leader in defined contribution and health reimbursement arrangements.

According to Zane Benefits’ website, businesses large and small have many questions regarding the Affordable Care Act (ACA) and provides an overview of the major provisions impacting employers, individuals, medicare, medicaid and taxes.

According to Zane Benefits’ website, the major health care reform provisions impacting employers are:

  • Being required to provide "affordable" and "qualified" coverage or pay tax penalties (firms with less than 50 full-time equivalent employees are not subject this requirement).
  • A new small business tax credit to purchase coverage.
  • New insurance exchanges for small-group and individual markets.
  • Limits on underwriting.
  • Elimination of tax deduction for retiree drug subsidies to employers.
  • Restrictions on flexible spending account (FSA) salary deferral contributions.
  • According to Zane Benefits, the major health care reform provisions impacting individuals are:
  • Being required to purchase minimum essential coverage or pay tax penalties.
  • New mandated benefits in individual markets.
  • Tax subsidies to purchase individual health insurance coverage in an exchange.
  • Limits on cost-sharing.
  • Limits on underwriting.
  • Increases in floor for itemized medical deduction from 7.5 percent to 10 percent.
  • Restrictions on the use of HSAs, FSAs, HRAs for over the counter drugs.
  • The major health care reform provisions impacting Medicare are:
  • The part D coverage gap being closed over time.
  • Payment reductions to hospitals, physicians, etc.
  • Payment reductions to Medicare Advantage plans.
  • It’s failure to address physician payment issue.
  • New rebates on drugs.
Utah Business Social
UB Events View All
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business Magazine and Presenting Sponsors - Holland & Hart and Newmark Grubb ACRES - are pro...
Job Summit 2015Utah Business Event
Apr 10, 2015
Position your company as a Premier Employer in today's competitive job market! Utah Business maga...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business magazine and Snell and Wilmer are proud to announce the 18th annual 30 Women To Wat...
Community Events View All
Advance Your HR Career by Building Credibility, Trust, and Professionalism
Mar 3, 2015
Even if you know your craft, do you know how to improve others’ perception of your ability and pr...
CEH - Certified Ethical Hacker
Mar 3, 2015
Learn to hack like a pro, while pleasing the boss! The ethical hacker is usually a trusted employ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel