Zane Benefits Signs The Salt Lake Chamber as a Customer in Its Continued Business Expansion.
Zane Benefits has announced that The Salt Lake Chamber will implement the company’s GroupHRA solution for Chamber employees. Zane Benefits’ GroupHRA solution enables employers to offer high-deductible group plans that can lower insurance premiums up to 50 percent. Employers then invest a portion of these savings to fund Health Reimbursement Arrangements (HRAs) for their employees. Employees can use these funds to cover deductibles and other medical expenses. In addition, GroupHRA provides a best-in-class online platform to simplify benefit plan administration.
Zane Benefits Founder and Chief Executive Officer Paul Zane Pilzer notes, “We are pleased to partner with the Chamber to make GroupHRA available to Chamber employees. The Chamber’s decision demonstrates its community leadership and its commitment to health care system reform. HRAs started out as a mechanism for employers to provide employees tax-free reimbursement for medical expenses not covered by traditional health benefits plan. They have since evolved into the ultimate front-end to employer health benefits program. Businesses cannot afford to overlook HRAs. They rein in out-of-control health care costs and provide better options to employees.”
Salt Lake Chamber President and Chief Executive Officer Lane Beattie comments, “We are excited to work with Zane Benefits to offer GroupHRA. Besides the benefits to our employees, the Chamber believes it must provide leadership to demonstrate to Utah businesses that there are better alternatives to traditional employee benefit plans.”
Zane Benefits, headquartered in Park City, Utah, provides businesses with integrated solutions to manage health care benefits. Using its patented ZaneHRA™ platform, Zane Benefits has developed two health solutions to meet the needs of a wide range of companies. The first, GroupHRA, enables employers to offer high-deductible group plans with first dollar coverage for a wide range of medical expenses. The second, SimpleHRA™, allows employers to reimburse their employees for qualified medical expenses and personal health insurance premiums in full compliance with applicable ERISA regulations. Zane Benefits and its solutions have been featured in USA Today and on the front page of The Wall Street Journal.