Quint Tax Services, Corp. partners with ZaneBenefits

June 04, 2015
Carlos Quintana

Quint Tax Services Corp. Partners with Zane Benefits to Offer New HRA and Defined Contribution Solutions

Partnership Aims To Help California Businesses Offer Affordable Employee Health Benefits

Carlos D Quintana, CFO today announced a new partnership with Zane Benefits, the leader in defined contribution health benefits.  The partnership will allow Quint Tax Services Corp. to provide California businesses with new health reimbursement arrangements and defined contribution solutions.

“California businesses need a solution to combat group health insurance renewals in 2013,” said Carlos D Quintana, CFO of Quint Tax Services Corp. “The primary goal of this program will be to educate businesses on defined contribution and health reimbursement arrangements and equip them with the knowledge and tools they need to offer excellent employee health benefits at affordable cost.”

New studies predict that U.S. businesses are gearing up to abandon traditional health coverage in favor of the defined contribution model. As a result, health insurers are already dusting off their once-ignored individual market product lines to appeal to individuals as well as employees. And, businesses of all sizes are looking to health reimbursement arrangements (HRAs) to control benefit costs while keeping employee morale and retention up.

Experts predict group health insurance costs to hit an all-time high this renewal period due to key health care reform provisions taking effect.  Rick Lindquist, President of Zane Benefits, predicts that thousands of California small businesses will terminate their group health insurance plans. “As health care reform phases in, nearly every small business will drop its group plan and allow employees to use tax-free funds to buy their own individual health policies.”

Quint Tax Services, Corp. and Zane Benefits’ joint solution, often referred to as a defined contribution health plan or HRA, allows an employer to name its price. Rather than paying the high costs to provide a specific group health plan (a “defined benefit”), employers instead fix their costs by establishing a monthly dollar amount (a “defined contribution”) that employees choose how to spend. Most employees are able to buy individual policies for less than the monthly amount funded by the company. The allowance can also be used for eyeglasses, dental care and other medical expenses.

Individual health insurance used to be expensive and hard to get. However, due to health insurance reforms, individual policies are now more affordable and accessible. For example, insurance companies must now accept children regardless of preexisting conditions, and guaranteed acceptance is being extended to all citizens over the next year. Additionally, a new federal risk pool is now available for anyone who cannot find health insurance on the individual market.

Beginning in 2014, massive tax subsidies will be available to help individuals buy individual health insurance coverage through the new state-based public exchanges. Tax subsidies will be available, beginning in 2014, for individuals who enroll in silver plans through an exchange. This subsidy caps the cost of an individual’s health insurance at 2% – 9.5% of their household income if their household income is less than 400% above the federal poverty line (that’s ~$92,500 per year for a family of 4 in 2014).


Carlos D Quintana, CFO goes on to say, “Our program will allow California businesses to keep maintain their employee health benefits program. Many businesses do not realize individual health insurance can be reimbursed tax free. We are working hard to educate businesses on these new products so that they can help their clients.”

About Carlos D Quintana

Carlos D Quintana, CFO of Quint Tax Services, Corp. and Board Member is a very well known entrepreneur that shares a passion to help small businesses. He holds positions in business that directly help grow small businesses. His vision and objectives are aimed to help businesses world wide.

About Zane Benefits, Inc.

Zane Benefits, Inc, a software company, helps insurance brokers, accountants, and employers take advantage of new defined contribution health benefits and private exchanges via its proprietary SaaS online health benefits software. Zane Benefits does not sell insurance. Using Zane’s platform, insurance professionals and accountants offer their clients a defined contribution health plan with multiple individual health insurance options via a private health exchange of their choice. Learn more at www.zanebenefits.com.


Defined Contribution Health Plans

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