For Employers with Group Plans
New-Hire ZaneHRA Defined Contribution Plan

Save $300-$1,000/month on every New Employee with a New Hire ZaneHRA

Step 1: Extend the Waiting Period on your group plan and offer new employees short-term individual policies funded by a ZaneHRA.

Step 2: Employees use their ZaneHRA funds to purchase individual short-term policies. Short-term policies typically cost 1/4 the price of group coverage because they can’t be renewed past 6-12 months.  ZaneHRA can also pay medical expenses not covered by short-term policies that would have been covered by your group plan.

Step 3: Employees who stay longer than 6-12 month automatically enroll in your group plan at the end of their (longer) waiting period.

The Bottom Line: Your company saves $300-$1,000/month on each new hire while you protect your existing group plan from people joining your company for the wrong reason.

Benefits of a New-Hire ZaneHRA

• Companies with high turnover (20%-50%) experience enormous savings on enrollment costs by only enrolling loyal employees (after 6-12 months) in their group plans.
• Existing employees benefit from not having new employees joining their company just to get health benefits.
• Waiting Periods are excluded from HIPAA Continuous Coverage rules—new employees with preexisting conditions still qualify for coverage from your group plan (after 6-12 months).
• New employees can purchase short-term policies online or via telephone and get instant coverage, even before being hired.
• ZaneHRA allows seamless management of your New Hire ZaneHRA program and easy access by employees and managers.