In 46 states today, individual health insurance is actually half the price of group or employer health insurance
In 46 states, the states liberalized their laws, allowing insurance carriers to underwrite each applicant. Today, 90 percent of Americans who are basically healthy can get an individual Blue Cross/Blue Shield plan from a carrier in their state for half the price of their employer plan.
Before this year you had to pay for it [personal health insurance]with after-tax dollars. Starting this year.....your employer can give you a tax-free allowance, saying, ‘Here’s $14,000 or here’s $10,000. Go buy your own health insurance totally tax free.’
What really kicked in this year was state-guaranteed coverage. We’ve always had government coverage for people who are old called Medicare or government coverage for poor people called Medicaid...[and now] all states have guaranteed government coverage for people with medical conditions.
About Zane Benefits, Inc.
Zane Benefits, Inc. is a leading provider of Health Reimbursements Arrangements and Accounts (HRAs) and Defined Contribution Health Benefits
to U.S. employers and their employees. With Zane's HRA, employers open and manage their HRA completely online and manage reimbursements via their existing payroll system.
Zane Benefits does not sell health insurance. Its products and services are distributed in all 50 states by independent licensed agents and other distributors of health insurance who receive direct online and telephone access to help employees choose the best insurance policy.
Economist Paul Zane Pilzer is the founder of Zane Benefits, a former Vice President of Citibank and the founder of five companies. He is a former commentator on CNN and NPR and was an Adjunct Professor at New York University from 1979-2000. He holds a BA from Lehigh University and an MBA from The Wharton School, University of Pennsylvania.
Zane Benefits products and services are distributed in all 50 states by leading employers, consultants, agents, general agencies, payroll providers and PEOS.
Visit www.zaneaffiliates.com or more information on Zane Benefits programs for insurance agents.