Massachusetts Enacts Paid Family and Medical Leave
Two Nationally recognized speakers and best-selling authors to discuss recent Bezos, Buffett, Dimon Healthcare Announcement
Boston, MA – Axial Benefits Group and Alliance Healthcare Coalition Managing Partner Mick Rodgers will be alongside Nelson Griswold, President of Bottom Line Solutions, Inc. on July 30th to host an executive roundtable session at the World Congress Employer-Health System Direct Contracting & Partnership Summit in Boston, MA.
Prescription drug costs are the fastest rising component of any healthcare benefit program offered by employers. The rate of increase for both brand name drugs and popularly known generics (such as Atorvastatin, a generic form of the brand name drug Lipitor®, used for high cholesterol treatment), which were designed to keep down costs, has far outpaced the rate of cost growth compared to other aspects of your healthcare spending.
This month the Medicaltraveltoday.com spotlight interview highlights Michael J. Rodgers, Jr., Principal and Managing Partner of Axial Benefits Group. In this exclusive interview, they focus on exactly how Axial Benefits Group successfully specializes in Healthcare Purchasing Coalitions for mid-size companies and direct contracting with hospitals and providers to build their own HMO style products for local employers.
On March 5, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-18 to announce changes to certain tax limits for 2018, including a reduced contribution limit for health savings accounts (HSAs).
The federal Equal Pay Act requires employers to pay men and women equally if they perform substantially equal work within the same establishment. In addition, many states, including Massachusetts, have enacted their own equal pay laws prohibiting wage discrimination based on gender.
This Employment Law Summary provides an overview of Massachusetts’ Pay Equity Act (MPEA) and the amendments to it that go into effect on July 1, 2018.
Not all captives are the same. Health insurance captives, also known as medical stop loss insurance captives, have been around for a while even though they are still not widely adopted. They Can be a successful part of a cost control strategy for clients. Their origins tie back to when large employers (5,000+employees) needed a way to manage healthcare risk across their organization, lower costs for employees and reduce administration and underwriting costs from carriers.
The Tax Cuts and Jobs Act, which was signed into law on Dec. 22, 2017, creates a new business tax credit for eligible employers that provide paid family and medical leave to their employees. The tax credit, which applies to taxable years beginning in 2018 and 2019, is equal to a percentage of wages paid to qualifying employees who are on family and medical leave.
Harassment is a form of employment discrimination that may violate federal laws like Title VII of the Civil Rights Act, the Age Discrimination in Employment Act and the Americans with Disabilities Act. The Equal Employment Opportunity Commission (EEOC) issued a list of best practices for employers to use in their workplaces to prevent harassment. According to the EEOC, the following five core principles have generally proven effective in preventing and addressing harassment.
On Dec. 22, 2017, President Donald Trump signed into law the tax reform bill, called the Tax Cuts and Jobs Act, after it passed both the U.S. Senate and the U.S. House of Representatives.