News/Blog

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Surgery Costs Continue Driving Employer Healthcare Spend

Surgery costs represent the single largest component of United States health care spending at approximately $700 billion, or 31% of the total annual health care spend.  Much of this cost is passed on to self-funded employers who continue to see their health care spend, especially spend related to surgery, skyrocket.   Beginning in 2018, Axion…

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Captive Employee Benefits Program

What is your risk tolerance? Many would argue they are either risk-seeking or risk-averse – you’re either all in or you’re not, 0 or 100% tolerant. When it comes to the traditional models of employer healthcare insurance, funding arrangements are the same: you’re either fully insured or self-funded. When you’re self-funded, you take on more…

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Lower Your Healthcare Costs with Medicare Cost Plus

Medicare Cost Plus plans result in annual claims savings of around $150,000 – $200,000 per 100 employees for employers.”   Self-insured medical plan groups are becoming very prevalent – however, they are still experiencing increases in per capita medical costs that greatly exceed Consumer Price Index. A Medicare Cost Plus (MCP) plan may be a…

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House and Senate Pass tax Reform BIll

On Dec. 20, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives. The bill is now expected to be signed into law by President Trump shortly. This News Brief provides an overview of the tax reform bill and its potential impact…

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5 Ways to Mitigate High Cost Claims

While America waits for the Trump administration to deliver the change to healthcare that in part elected him, the reality is that high costs are here, and immediate action is necessary. According to The Kiplinger Letter, 10% of patients currently account for 65% of health costs. While we wait for our political leaders to act…

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Financial Wellness: How it Impacts the Health of Employees

What is a Financial Wellness Program? Workplace wellness programs first rose to prominence in the late 1980s. The original design of the programs addressed physical and mental well-being for employees through lifestyle and disease management. According to IBIS World, a leader in industry market research, the wellness industry generates nearly $6 billion in revenue. While…

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ACA Reform: A Sneak Peek into the new American Health Care Act

After much anticipation, House Republicans have revealed their alternative to the Affordable Care Act. The new American Health Care Act promises many changes ranging from tax incentives to a halt on Medicaid expansion. Despite meaningful progress, the bill faces challenges. Even among republicans, there is still discord between moderate and hard-right conservatives like Rand Paul,…

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