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Employee Benefits

EMPLOYEE BENEFITS

Medical Tourism: Prepare for The New Wave of Healthcare that’s Lowering Costs

Posted by Mick Rodgers

Introduction

If someone were to mention “tourism” alone, this conjures up thoughts of sunny beaches, fun, relaxation, blue waters, and sinful indulgence (within reason of course).

If the same person were to mention “medical tourism,” a term that refers to a type of travel for treatments that are elective and generally of an acute nature, you may be puzzled as to why someone would consider mixing tourism travel with medical treatments. The simple answer is to reduce costs and seek care that may be of a standard and/or quality that is better than what you may receive in your home country.

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ABG's Mick Rodgers named to Validation Institute Advisory Board

Posted by Mick Rodgers

Mick Rodgers, Managing Partner of Axial Benefits Group, was recently named to the Advisory Board for The Validation Institute, (VI). The Validation Institute advocates for organizations and approaches that deliver better health value - stronger health outcomes at lower cost - than conventional health care. 

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2018 Top Women in Benefit Advising

Posted by Mick Rodgers

Shawna E. Brackett, Director of Client Services for Axial Benefits, was recently named to Employee Benefit Advisor’s list of most influential women in benefit advising.

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Massachusetts Enacts Paid Family and Medical Leave

Posted by Mick Rodgers

Massachusetts Enacts Paid Family and Medical Leave

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Mick Rodgers to host C-Suite Roundtable at World Congress’ Employer-Health System Direct Contracting & Partnership Strategies Summit

Posted by Mick Rodgers

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.

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Fed Up with the Cost of Specialty Drugs? There’s a Solution!

Posted by Mick Rodgers

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.

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Mick Rodgers & Axial Benefits featured in Medicaltraveltoday.com

Posted by Mick Rodgers

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.

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IRS Reduces HSA Limit for Family Coverage for 2018

Posted by Mick Rodgers

OVERVIEW

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).

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Massachusetts Fair Employment - Pay Equity Act

Posted by Mick Rodgers

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.

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Lessons Learned with Captives in Health Insurance

Posted by Mick Rodgers

This is a longer reprinted version of 2 articles that recently appeared in Employee Benefits Magazine. To view it in its original format from EBA please visit these links part 1 or part 2.

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.

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