Habitat for Humanity

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Axial Benefits Group

On June 25, 2015, the U.S. Supreme Court issued a final ruling in King v. Burwell. This case challenged the availability of health insurance Exchange subsidies in states with Exchanges run by the federal government.

In a 6-3 decision, the Court held that, in drafting the Affordable Care Act (ACA), Congress intended for the federal government to provide subsidies in all states—those that established their own Exchanges and those that have federally facilitated Exchanges, or FFEs.

The Affordable Care Act (ACA) created new reporting requirements in Internal Revenue Code (Code) Section 6055, which require health insurance issuers, sponsors of self-insured health plans, government agencies that administer government-sponsored health insurance programs and other entities that provide minimum essential coverage (MEC) to file information with the Internal Revenue Service (IRS) about the health plan coverage they offer. Related statements must also be provided to individuals.

A key provision of the Affordable Care Act (ACA) is the individual mandate, which requires most individuals to purchase health insurance coverage for themselves and their family members or pay a penalty.


Starting in 2015, individuals will have to report on their federal tax return whether they had health insurance coverage for 2014 or were exempt from the individual mandate. Any penalties that an individual owes for not having health insurance coverage will generally be assessed and collected in the same manner as taxes.

Habitat House Update: December 11, 2014

Thursday, 11 December 2014 12:33 Published in Habitat for Humanity Updates

All of us at Axial would like to thank those of you who came to our Annual Open House this past Thursday. As usual, the turnout was great and with your help, we were able to raise $11,125.00, 100% of these gifts will all go towards finishing Unit 5 of the Merrimack Valley Habitat (MVHH) 100 Park St project in Lawrence, MA. The 100 Parker St project is a 100 year old, former convent structure that MVHH is converting into 10 units for local families. These donations will allow MVHH to furnish the following items for our adopted Unit 5: electrical supplies and the kitchen cabinets.

This would not have been possible without the generous donations from people like you.

Health Care Cost Concerns Crimp Retirement Plans

Tuesday, 09 December 2014 10:07 Published in benefits blog

Even the affluent are “terrified” of the impact of health care costs on retirement — but most haven’t discussed that topic with an advisor.

According to an online survey conducted by Harris Poll for the Nationwide Retirement Institute of 801 Americans age 50 or older with at least $150,000 in household income (“affluent Boomers”):

  • about two-thirds (62%) say they are “terrified” of what health care costs may do to their retirement plans;
  • nearly three-quarters (72%) say one of their top fears in retirement is their health care costs going out of control; and
  • more than one-quarter of employed affluent boomers (26%) now believe they will never retire.

More than two in five affluent boomers (45%) say they would delay their retirement if they had to buy their own health insurance, and about a quarter (27%) of parents say they would delay their retirement in order to keep their children on their employer-based health insurance plan.

Pre-retirees were more likely than last year to say they expect their biggest expense in retirement to be the cost of health care (51% versus 43%).

Despite those concerns, 77% say they have not discussed their health care costs during retirement with a professional financial advisor.

Axial's Annual Holiday Open House

Wednesday, 19 November 2014 11:02 Published in events

Please join us for Axial’s annual Holiday Open House

Thursday, December 4, 2014 - 4pm – 7pm

5 Burlington Woods, Suite 102
Burlington, MA 01803

This year Axial is partnering with Merrimack Valley Habitat for Humanity’s “Adopt-a-Unit program.

MVHH is converting the former St. Patrick’s Convent is Lawrence, MA into 10 affordable homes.

We are excited to announce that we have adopted Unit 5 and we invite you to join us as we build a 3 bedroom condominium style home for the Ortiz family. In order to achieve this ambitious goal, we are seeking help in many ways. If you are interested in donating financially, please see the information below.

If you are interesting in donating your time, please contact: Stephanie Gallegos This email address is being protected from spambots. You need JavaScript enabled to view it. (781) 273-1425. Carla Grieco This email address is being protected from spambots. You need JavaScript enabled to view it. (781) 273-1400.

Please support the cause by making a donation using this form and RSVP below by November 28th, 2014.

Hors D’oeuvers and cocktails will be served!

The Affordable Care Act (ACA) imposes a fee on health insurance issuers and self-funded group health plans in order to fund a transitional reinsurance program for the first three years of Exchange operation (2014-2016). The fees will be used to help stabilize premiums for coverage in the individual market.


Entities that must pay these fees, called “contributing entities,” are generally required to submit their annual enrollment count to the Department of Health and Human Services (HHS) by Nov. 15 of each benefit year. To do this, contributing entities must register on Pay.gov and complete a contribution formfor the year.

Massachusetts Enacts Paid Sick Leave

Monday, 10 November 2014 00:00 Published in benefits blog

On Nov. 4, 2014, Massachusetts voters approved a ballot measure to provide earned paid sick leave to employees. Question 4, known as the Massachusetts Paid Sick Days Initiative, passed by a 60 to 40 percent margin.


The mandate will take effect on July 1, 2015.

Who Is Affected?

In general, all employers in Massachusetts will be required to comply with this new earned sick time law. However, the mandate requiring paid leave only applies to employers with 11 or more employees. 

Health FSA Limit Will Increase for 2015

Monday, 10 November 2014 08:17 Published in benefits blog

The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to a health flexible spending account (FSA) offered under a cafeteria plan. This limit first became effective for plan years beginning on or after Jan. 1, 2013.


The ACA set the health FSA contribution limit at $2500. For years after 2013, the dollar limit is indexed for cost-of-living adjustments.




Under the Affordable Care Act (ACA), minimum value (MV) of an employer-sponsored plan is significant for a number of purposes. Beginning in 2015, certain large employers may be penalized if the health plan they offer does not provide MV. Also, an individual who is offered employer-sponsored coverage that is affordable and provides MV may not receive a subsidy for coverage through an Exchange. The Department of Health and Human Services (HHS) and the Internal Revenue Service (IRS) have provided four methods for determining MV of a plan, including an online MV Calculator.

On Nov. 4, 2014, the IRS issued Notice 2014-69 to clarify that plans that do not provide in-patient hospitalization or physician services (referred to as Non-Hospital/Non-Physician Services Plans) do not provide the MV intended by the ACA. HHS and the IRS will issue proposed regulations shortly, clarifying that a plan will not provide MV if it excludes substantial coverage for in-patient hospitalization services or physician services (or both).

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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.