Zane Benefits has launched its newest resource, The Comprehensive Guide to the Small Business HRA.
The eBook provides complete support for businesses considering offering a Small Business Health Reimbursement Arrangement (HRA). The Small Business HRA, just established in December 2016 through the 21st Century Cures Act, allows employees to purchase their own individual health insurance policy independent of the company. The company then reimburses each employee tax-free for their individual health insurance and medical expenses up to a set monthly allowance.
Whether a small business is looking to offer benefits for the first time or is being forced to cancel a group policy due to cost, the eBook will provide the tools small businesses need to take a simpler approach that offers employees more choice. The new eBook thoroughly explains this new benefit that many small business owners may not understand or even be aware of.
It covers the following topics:
- What a Small Business HRA is;
- Why an HRA provides value to your company;
- How to design and administer an HRA plan; and
- How to communicate your new benefit to employees.
Each topic includes case studies, examples templates, and real-world numbers.
“Many small businesses choose not to offer employee health benefits because of cost, and they don’t realize this decision is actually costing them more when they try to recruit and retain employees,” says Rick Lindquist, president and CEO of Zane Benefits. “Health benefits are critical for hiring and keeping your people, and the new Small Business HRA provides an affordable alternative to group health benefits. Our new 60-page eBook provides small business owners with a complete guide to evaluating, implementing and administering a Small Business HRA.”