In a new book, “The End of Employer-Provided Health Insurance: Why It’s Good for You, Your Family, and Your Company”, co-authors Rick Lindquist and Paul Zane Pilzer outline six reasons employees love individual health insurance.
Lindquist says, “group health insurance is bad for you, your family, and your company because it is one-size-fits-all, you don’t get to pick your deductible, copays, or coinsurance.”
According to Lindquist, employer sponsored individual health insurance plans allow employees to be more involved in their health care decisions. And, employers can give employees money via defined contributions to cover the costs.
In the book, the authors outline the top six benefits of individual health insurance to employees:
1. It’s 20 to 60 percent less expensive—You and your employer pay $4,000 to $12,000 less for the same coverage.
2. It’s stable—You’re in a large group and your after-subsidy cost can only increase with your income.
3. It’s portable—You keep your health insurance if you or your loved one gets sick.
4. It’s permanent—Your coverage cannot be canceled as long as you pay your premium.
5. It’s good for business—Management spends more time focusing on customer and products.
6. It’s good for careers—People are free to change jobs based on what’s best for their career vs. what’s best for their healthcare.
For more information visit: ZaneBenefits.com
EDITORS NOTE: Rick Lindquist is available for questions from the media through Zane Benefits. Contact Leah Bergersen at 435-659-2921 or Leah.Bergersen@zanebenefits.com
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About the Authors:
Paul Zane Pilzer is The New York Times best-selling author of 11 books, a former professor at NYU, and has served as an economist in two White House administrations. He is also the founder of six companies including the two largest U.S. suppliers of personalized employee health benefits, Extend Health (1999) and Zane Benefits (2006).
Rick Lindquist is CEO and President of Zane Benefits, Inc., the U.S. leader in individual health insurance reimbursement for small businesses. Zane Benefits’ software has been featured on the front page of The Wall Street Journal, USA Today, and The New York Times. He is a regular contributor to leading health benefits publications, including ClarifyingHealth.com.
About the Book:
The #1 Amazon best-selling The End of Employer-Provided Health Insurance is a comprehensive guide to utilizing new individual health plans to save 20 to 60 percent on health insurance. Over the next 10 years, 100 million Americans will move from employer-provided to individually purchased health insurance. Written by a world-renowned economist and New York Times best-selling author, this insightful guide explains how individual health insurance offers more to employees than employer-provided plans.
The End of Employer-Provided Health Insurance: Why It’s Good for You, Your Family, and Your Company (Wiley, 2014, ISBN: 978-1-119-01211-5, $25.00) is available at bookstores nationwide, from major online booksellers, and direct from the publisher by calling 800-225-5945. In Canada, call 800-567-4797. For more information, please visit the book’s page on http://www.wiley.com.
About Zane Benefits:
Zane Benefits is the leader in individual health insurance reimbursement for small businesses. Since 2006, Zane Benefits has been on a mission to bring the benefits of individual health insurance to business owners and their employees.
Zane Benefits’ software helps businesses reimburse employees for individual health insurance plans for annual savings of 20 to 60 percent compared with traditional employer-provided health insurance. Today, over 20,000 customers use Zane Benefits’ software, services, and support to reimburse individual health insurance plans purchased independent of employment. For more information visit http://www.zanebenefits.com.