New eBook Helps Employers and Employees Calculate Health Insurance Tax Penalties
Zane Benefits, which provides businesses with web-based health reimbursement arrangements, today announced it had published a free eBook named “The Guide to Health Reform's Tax Penalties” to help employers and employees calculate the cost of not buying health insurance in 2014.
The Affordable Care Act (ACA) requires certain employers and employees to purchase health insurance or else pay a tax penalty.
Specifically, starting January 1, 2014:
Employers with 50 or more full time equivalent employees are required to provide health coverage to full-time employees or else pay a tax penalty.
Employees are required to purchase health coverage or else pay a tax penalty.
As a result, employers and employees will need to understand the cost of NOT buying health insurance.
Employers and employees should utilize this e-book to help calculate the tax penalties for not purchasing health insurance.
The 12-page eBook is available for free download at the zanebenefits.com website and covers the following topics:
• Is your business subject to a tax penalty?
• How to calculate the business tax penalty for not offering insurance
• Is your family subject to a tax penalty?
• How to calculate the individual tax penalty for not purchasing insurance
• Flow charts / cheat sheets are included
About Zane Benefits, Inc.
Zane Benefits, Inc., a software company, helps insurance brokers, accountants, and employers take advantage of new defined contribution health benefits via its proprietary SaaS health reimbursement arrangement (HRA) software. Zane Benefits does not sell insurance. Using Zane’s platform, insurance professionals and accountants offer their clients a custom defined contribution plan. Learn more at www.zanebenefits.com.