News/Blog

SECURE 2.0 Becomes Law

On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, an omnibus bill that includes the “SECURE 2.0” legislation, referred to as such because it builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. Key SECURE 2.0 provisions include:

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Axion: The Future of Healthcare Sping Seminar

Axion recently hosted The Future of Healthcare Seminar. One of the main takeaways from the event was that healthcare is becoming more patient-centric. The speakers emphasized the importance of personalized care and how we can improve the efficiency and effectiveness of healthcare delivery while reducing costs. Another topic was the increasing importance of telemedicine, virtual…

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Understanding the Importance of Disability Insurance

One in 4 working adults will become disabled before reaching retirement age, according to data from the Social Security Administration (SSA). Unfortunately, many workers are unprepared to lose their income or unable to afford unexpected medical expenses. Income or job loss due to illness or injury can be devastating for you and your family. Disability…

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How Telemedicine Gives You the Most Out of Health Care Visits

Telemedicine—the delivery of health care from a distance using technology—has become increasingly popular following the COVID-19 pandemic. Telemedicine allows people to seek basic primary care and other services without having to leave their homes, making it a convenient, efficient, and often less expensive way to receive health care. This article explains how telemedicine can give…

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Determining Whether to Offer Multiple Health Plan Options

Alongside compensation, health care coverage is often seen as one of the most important benefits a job can offer. And the larger the variety of options available to employees, the more likely they are to find an option that best suits their needs. This is good for employers because employees are more likely to stay…

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Amazon Launches Subscription-based Prescription Drug Service

On Jan. 24, Amazon announced a new Prime membership benefit from Amazon Pharmacy. RxPass will be available only as a subscription service for customers who have Amazon Prime memberships. For $5 a month, people can fill as many prescriptions as they need from a list of roughly 50 generic medications. The fee would be out…

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5 Mental Health Employee Benefits Trends for 2023

Between the COVID-19 pandemic, inflation and evolving job duties, more employees are experiencing mental health challenges. In fact, a 2022 Lyra survey revealed that 84% of employees experienced at least one mental health challenge over the past year. They’re feeling anxious, burnt out, stressed and depressed. As such, organizations are expected to take more responsibility…

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6 Key Employee Benefits Trends for 2023

Over the last few years, almost every aspect of the workplace has changed, leading to many unforeseen challenges. Unfortunately, many challenges plaguing workplaces in 2022 will likely continue in 2023 and beyond. In particular, current labor challenges are forcing employers to find ways to balance rising costs and inflation while providing employees with benefits they…

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Last-minute Open Enrollment Considerations

As open enrollment periods approach for 2023 benefits, there’s still time to address employees’ questions and inform them of their options in meaningful ways. Doing so will help them get the most from their benefits, which are especially valuable as employees navigate record-high inflation and work to maximize every hard-earned dollar. This article outlines a…

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5 Strategies for Tackling Rising Health Care Costs in 2023

Most employers are concerned about their health care costs rising in 2023. According to Willis Towers Watson’s (WTW) 2022 Emerging Trends in Health Care Survey, 94% of employers reported managing health care benefits costs will be their top priority over the next two years. Employers will likely avoid shifting costs to employees because of the…

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