Employee benefits tailored precisely

to the way your company uses them.

WHAT WE OFFER

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Smarter choices for CFO's, controllers, and finance professionals

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Easier solutions for HR Leaders, managers, and benefits administrators

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How can you cut employee benefit costs without cutting benefits to your employees?

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Better individual benefits and wealth management services for high net worth individuals

WHO WE ARE

Who is Axial Benefits Group?

AxialAxial Benefits Group specializes in employee benefits solutions and retirement services. Combined with Axial Financial Network, LLC, we are a financial services firm offering access to wealth management and financial planning.

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Axial Benefits Group Uses the latest technology to…

Axial Benefits brings all the pieces of benefits management together under the same roof. We pride ourselves on finding new ways for our clients to build, implement, and communicate employee benefit...

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Axial Benefits Group Services Overview

Axial draws on decades of experience to help businesses, executives and employees make informed decisions regarding: Employee Benefits (Healthcare) Corporate Retirement Planning Executive Benefit...

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Health & Welfare Insurance Plans

Health Insurance is the cornerstone of any company's benefits. We feel our role is to act as an adjunct of your human resources team, bringing benefits knowledge, skills, and experience to your organi...

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LATEST & TRENDS

UPCOMING EVENTS!
New Client Portal From Axial Benefits Group!: With both time and resources at a precious premium, it’s become increasingly difficult to do your job—let alone manage insurance costs and stay informed on legislative developments. Axial University, our new technology solution, directly responds to this challenge. This online tool acts as a resource for all your HR, benefits, risk management, OSHA and other business needs—with thousands of easily searchable on-demand resources at your fingertips. Join us for a webinar on Thursday, April 24th February 5th & 6th: Axial Benefits Group presents "Strategies for Controlling Healthcare Costs" semi: Sorry, due to bad weather this event has been postponed   If you’re frustrated with the cost of healthcare and looking for a new, fresh way to buy healthcare without affecting the benefits, networks, or providers your employees are using, you should attend our upcoming seminar “Strategies for Controlling Healthcare Costs” to see if you can take advantage of these programs. This is real. This is now. This is a way to buy healthcare from the same carriers while saving money and not affecting yo November 13th: Axial Benefits Group presents "Strategies for Controlling Healthcare Costs" seminar:         If you’re frustrated with the cost of  healthcare and looking for a new, fresh way to buy healthcare without affecting the benefits, networks, or channels your employees are using, you should attend our upcoming seminar “Strategies for Controlling Healthcare Costs” to see if you can take advantage of these programs.       This is real. This is now. This is a way to buy healthcare from the same carriers while saving money and not affecting your employee’s plan.       RSVP now Corporate Retirement Plan Seminar: What Every Employer Needs to Know: In today's ever changing regulatory and regulatory environment, we have been able to put together three top professionals to discuss the recent changes, trends, and best practices in corporate retirement plans. Join us and learn about: Fee disclosure requirement updates and their impact, including expanded disclosures for indirect compensation, as well as the new fiduciary role the Labor Department is creating Retirement income trends Fiduciary responsibilities, requirements, penalties an Corporate Retirement Plan Seminar: What Every Employer Needs to Know:   In today's ever changing regulatory and regulatory environment, we have been able to put together three top professionals to discuss the recent changes, trends, and best practices in corporate retirement plans. Join us and learn about: Fee disclosure requirement updates and their impact including expanded disclosures for indirect compensation, as well as the new fiduciary role the Labor department is creating Retirement income trends Fiduciary responsibilities, requiremen RSVP Today: Axial Benefits Group presents "Managing Healthcare Reform Costs" seminar: Annual healthcare premiums have increased 100% in the past 10 years. What have you done to alleviate these rising costs? Changed carriers, changed benefit levels, or changed your contribution schedule? Beginning January 2014, healthcare reform laws are expected to increase costs yet again. Are you prepared for these rising costs? RSVP now for ABG’s upcoming seminar, "Managing Healthcare Reform Costs" if you have taken any or all of the above actions to reduce health insurance costs.  You’ll lea How Businesses Can Minimize the Impact of the Affordable Healthcare Act: Although the healthcare reform individual and employer mandates do not take effect until 2014, employers need to begin preparations this year.  We will provide attendees with a firm grasp on how to plan for 2014 as well as review the requirements taking effect in 2013. Topics covered will include how employers can design a health plan that avoids penalties, how to determine whether compliance will cost more than dropping coverage and if the new nondiscrimination rules will require changes to an Upcoming Events from Axial University: Live Events:   General Seminar Session September 25th & 26th– What are You Going to do About the Increased Costs of  Offering Healthcare due to National Health Care Reform?: Several Key Ideas to Lower Costs October 2nd– How Businesses can Minimize the Impact of the Affordable Care Act October 9th- 401(k) Fiduciary Liability/ Surviving a DOL Audit   401(k) Participant Seminar October 17th- 55 or older: Will You be Ready for Retirement?   Webcasts*: August 29th:  What are You Going Upcoming 2013 Events brought to you by Axial University: Live Events: General Seminar Session September 25th & 26th– What are you going to do about the increased costs of offering Healthcare due to National Health care reform: several key ideas to lower costs October 9th-  401(k) Fiduciary Liability/ Surviving a DOL Audit 401(k) Participant Seminar October 17th- 55 or older: Will You be Ready for Retirement? Webcasts*: June 11th:  Target Date Funds: Participants must be Educated About the Risks June 27th:  Are you Ready for 2014 “Pay or P Are you ready for 2014 "Pay or Play"? Monthly Topic Webcast: Axial Benefits Group is ready to help you tackle National Healthcare Reform “ Are you ready for Pay or Play?”. While the National Healthcare Reform model was borrowed from the Massachusetts model which has been in place since 2006, it is distinctly different in a few key components.  If you are a Massachusetts with more than 50 employees, Learn what you'll need to do to be ready for 2014 and keep yourself away from any fines. We will walk through actual examples of: ·         Brief review of

Featured in the Benefits Resource Center

  • Exchange Subsidy Availability Expanded in 2014 Due to Technical Difficulties
    Posted by
    Exchange Subsidy Availability Expanded in 2014 Due to Technical Difficulties

    Beginning in 2014, the Affordable Care Act (ACA) makes health insurance subsidies available through the Exchanges, in the form of premium tax credits and cost-sharing reductions, to help eligible individuals purchase health insurance through an Exchange. By reducing a taxpayer’s out-of-pocket costs, the subsidies are designed to make coverage through an Exchange more affordable.

    On Feb. 27, 2014, the Department of Health and Human Services (HHS) Centers for Medicare & Medicaid Services (CMS) issued guidance expanding the availability of these Exchange subsidies in 2014. If certain conditions are met, this guidance makes subsidies available for individuals who were unable to enroll in a qualified health plan (QHP) through the Exchange due to technical difficulties with Exchange functions.

    In addition, on March 14, 2014, CMS released a set of FAQs clarifying their Feb. 27 guidance.

  • 2013 Benchmark Summary
    2013 Benchmark Summary

    The Zywave Health Plan Design Benchmark Report is based consistently on data from nearly 50,000 employers and 70,000 plans. The report offers benchmarking information on six key plan design measures:
    ·   Individual out-of-pocket maximum
    ·   Individual deductible
    ·   Emergency room copay
    ·   Coinsurance
    ·   Office visit copay
    ·   Prescription drug deductible
    To help employers compare their plan design offerings against similar organizations and plans, we’ve broken down the data by region, group size, industry and plan type for each plan design measure above.

    This is a summary document analyzing the data set as a whole and comparing against previous years’ data. To view a report of how your specific plan design measures up in your region and industry, talk to your broker.

  • Annual Deductible Limit Repealed for Small Health Plans
    Annual Deductible Limit Repealed for Small Health Plans

    On April 1, 2014, President Obama signed the Protecting Access to Medicare Act of 2014 (Act) into law. The Act’s main provisions preserve the pay rate for physicians treating Medicare patients and delay the compliance deadline for converting to the updated International Classification of Diseases codes for at least one year.

    The Act also eliminates the Affordable Care Act’s (ACA) annual deductible limit that applied to health plans in the small group market. This change is retroactively effective to when the ACA was enacted in March 2010.

    The Act does NOT eliminate the ACA’s out-of-pocket maximum, which applies to all non-grandfathered health plans for plan years beginning on or after Jan. 1, 2014.

  • Medicaid rolls swell as state officials resolve backlog of paper ObamaCare applications
    Medicaid rolls swell as state officials resolve backlog of paper ObamaCare applications

    Massachusetts health officials are poised to achieve their primary stated goal during the ObamaCare website debacle: keeping the vast majority of people covered by health insurance to avoid backsliding on the success of Massachusetts health reform.

  • DOL wants to simplify 401(k) fee disclosures for employers
    DOL wants to simplify 401(k) fee disclosures for employers

    Perhaps after reading too many voluminous, jargon-filled fee disclosure agreements, the Department of Labor became fed up and decided to take action. On March 12, the DOL issued a proposed rule (“the Proposed Rule”) that would amend its final service provider fee disclosure regulation (“the Final Rule”) under ERISA Section 408(b)(2).

    The Proposed Rule will require covered service providers to pension plans (including 401(k) plans) to provide a guide to assist plan fiduciaries in reviewing disclosures required by the Final Rule where such disclosures are contained in “multiple or lengthy documents.” The Proposed Rule will not require covered service providers to provide this new guide if they already furnish the required initial disclosures to plan fiduciaries in a “concise, single document.” The guide will have to identify the specific page number, section or specific location of documents containing important information about the service provider’s relationship to the plan, including information about compensation, fees and the services provided.

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This communication is strictly intended for individuals residing in the states of AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, KS, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TX, UT, VA, VT, WA, WI. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services. Securities and advisory services offered through Commonwealth Financial Network, Member FINRA (www.finra.org) / SIPC (www.sipc.org), a Registered Investment Adviser. Fixed insurance products and services offered by Axial Benefits Group are separate and unrelated to Commonwealth.

 

The Axial "A" logo, PINCAP®, and PCMI® are registered trademarks of Axial Financial Network, LLC, and/or its affiliates. The marks "Centered on You"℠, AFG℠, ABG℠, AFP℠, Swift Financial Services℠, Axial Financial Group℠, Axial Benefits Group℠, Axial Financial Partners℠, Axial Insurance Group℠, and the Axial Family of Companies℠ are proprietary Service Marks of Axial Financial Network, LLC. All rights reserved.