Employee benefits tailored precisely
to the way your company uses them.
Smarter choices for CFO’s, controllers, and finance professionals
Easier solutions for HR Leaders, managers, and benefits administrators
How can you cut employee benefit costs without cutting benefits to your employees?
Better individual benefits and wealth management services for high net worth individuals
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Who is Axial Benefits Group?
Axial 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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HHS Issues Final Rules on MLR Notices for Those Not Receiving Rebates
Posted by Mick Rodgers
Overview of MLR Rebates Beginning this year, insurers and HMOs must provide annual rebates to policyholders if their MLR (percent of premium spent on claims/ medical care) is less than 85 percent for large groups and 80 percent for small groups or individuals. Rebate checks and notices to those receiving a rebate must be sent by August 1, 2012. There was an open question about whether notices would need to be sent to those not receiving rebates. HHS had previously provided a detailed draft notice including specific MLR information for those not receiving rebates. This new, less detailed notice replaces… -
Final Regulation Relating to Service Provider Disclosures Under Section 408(b)(2)
Posted by Peter Lawler
The Employee Retirement Income Security Act (ERISA) requires plan fiduciaries, when selecting and monitoring providers and plan investments, to act prudently and solely in the interest of the plan’s participants and beneficiaries. Responsible plan fiduciaries also must ensure that arrangements with their service providers are “reasonable” and that only “reasonable” compensation is paid for services. Fundamental to the ability of fiduciaries to discharge these obligations is obtaining information sufficient to enable them to make informed decisions about an employee benefit plan’s services, the cost of such services, and the service providers.