Long Term Care Insurance

Axion RMS spotlight of the month is Long Term Care Insurance. AGIS offers a different approach to the subject of long term care, focusing on the broader health and wellness issues seen with caregiving in the workplace, while also addressing the financial risk of LTC. In addition to comprehensive educational LTC enrollment services, AGIS is helping…

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Five Healthcare Cost Levers

Benefits Pro cited 5 levers to control healthcare costs. Jake Doman, Consulting Director at Axion, breaks down what those levers could mean for you.  The full article from Benefits Pro is cited below. 1. Self-funding A self-funded plan allows an employer to create a customized plan that serves its employees and company well as they…

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Transparency, COBRA & Cafeteria Changes

ARPA In most cases, a subsidy-eligible individual will only be able to choose the plans they were in immediately prior to their involuntary termination or reduction in hours.  Alternatively, employer has the option to allow individuals to elect among the employer’s various plans.  If offered, the employer has to meet additional notice requirements and ensure…

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Partner Spotlight: Stories from a Successful CFO

Kevin O’Brien, long-time CFO and financier speaks with Axion’s Jake Doman about the his advice to other professionals leading organizations. Listen in as he explains the skills that he has emphasized throughout his career, advice to other leaders about best practices to succeed through mergers and acquisitions, and the keys to success for the up-and-coming…

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COVID’s Gaps in Health Plans

Most companies are facing significant increases with recent renewals as a result of the Pandemic. John Turnbull, Benefits Consultant for Axion RMS, joins consultant corner with specifics from a recent study estimates that as a result of COVID’s gaps in health plans will experience an increase about 18%. (Source: EXLService) Article Referenced

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No Surprise Billing?

A new analysis from PwC’s Health Research Institute (HRI) finds that recent federal health care transparency initiatives could have a significant impact on health care consumers, providers, and payers. What were the two regulatory changes? Transparency: Requires hospitals to publicly post standard charges for all terms and services, which includes the total bill without discounts , any discounted prices…

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Healthcare Claims Increasing

Are you constantly seeing healthcare claims increase? Jake Doman, MSRI, CEBS takes over our consultant corner to discuss the increases. Employee health is often the root cause of healthcare program increases. By focusing on simple strategies around education, communication, and directing care to the appropriate centers will stabilize costs over the long-term.

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CDC Guidance for Workplace COVID-19 Vaccination Programs

Making COVID-19 vaccination part of your workplace wellness program may offer benefits to you and your employees. To aid in keeping their workplace healthy, employers can consider offering free, on-site COVID-19 vaccinations at work locations. This HR Insights article provides an overview of guidance from the Centers for Disease Control and Prevention (CDC) for workplace vaccination programs….

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Overlooking Ancillary Benefits Can Lead to Missed Tax Savings

It’s no secret: medical insurance is the biggest focus for both employers and employees while all of the other benefits become almost an afterthought. It goes without saying – health insurance costs are spiraling out of control and should be the primary focus of a benefits package… but we don’t want to ignore the others…

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