individual health insurance Archives - DesignHealth Benefit Advisors

Goodbye Employer Provided Health Insurance

December 24, 2015 / Design Health / All Posts, Health Insurance, Small Business

An article from Market Watch highlights Rick Lindquist and Paul Zane Pilzer, co-authors of “The End of Employer-Provided Health Insurance.” The book goes over why group health insurance is a thing of the past and why individuals, their families, and their employers are all benefiting from moving away from group health insurance options. Group health insurance rates continue to rise and that’s where Zane Benefits steps in. Zane Benefits is not a health insurance company, but a company that administers defined-contribution plans. What is that you might be asking? It is a benefit plan that gives employees a set amount of money each […]

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Common Misconceptions with Defined Contribution

November 8, 2015 / Design Health / All Posts, Did You Know?, Health Insurance, In The News, Small Business

There are common misconceptions with defined contribution plans as to their legality and how to set them up to comply with regulations. One of the common questions comes from understanding that the employer is not directly paying for an employee’s individual health insurance. When a company sets up a defined contribution plan it must be compliant with IRS, ERISA, HIPPA, and ACA guidelines. We typically recommend using an administrator when setting up these plans. So why do you need to set up a formal plan to be in compliance versus giving the employee funds directly? To maintain compliance employers aren’t involved in

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HSAs Continue to Impress

October 26, 2015 / Design Health / All Posts, Health Insurance, In The News

Employee’s are learning how to use their HSAs more and more. A report by the Employee Benefit Research Institute found that the average amount of money in an HSA increased by 37 percent in 2014. At this time there are currently 13.8 million HSAs covering around 17 million individuals, with the accounts being worth an estimated $24.2 billion. HSAs were created in 2003 enabling individuals with high deductible health plans to have tax free saving on medical expenses. Although, the Employee Benefit Research Institute estimates that four out of five current HSA accounts have been created since 2011. The rise in

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Obamacare Brings About Revelation

June 16, 2015 / Design Health / All Posts, Health Insurance, In The News

The Galen Institute was founded by Grace-Marie Turner in 1995 to promote a conversation over free-market ideas in the health sector. Grace-Marie wrote earlier this week that Obamacare is working to an extent, but it is still far from affordable for most. She quotes, “39 percent favor the law and 54 percent oppose it.” With 32 changes already having been made to the law the next big change that could take place is the King vs. Burwell case. With the decision to be made towards the end of this month Americans do not want this to disrupt their coverage, but rather open

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Individual Health Plan Enrollment up for Small Business

June 11, 2015 / Design Health / All Posts, Small Business

Individual health plan enrollment is up in California! Many small businesses in California choose to let their employees get coverage through California’s health marketplace, Covered California. With the rising cost of group health plans it is both cost effective for employees and employers to allow individuals to choose a plan from the marketplace. Many of the individuals will not only be able to choose a plan of their choice away from the typical A, B, or C choice a group plan offers, but there is also a possibility to receive a tax subsidy to help with the cost. The ACA mandates

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