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Axial Benefits Group

Burlington, MA – September 12, 2014 — Stephanie Gallegos, of Axial Benefits Group, has been selected as one of the nation’s top 200 elite 401(k) plan advisors in the United States*.  Stephanie will meet in Washington, D.C. to listen to and brief top Congressional leaders about the future of the retirement savings industry and how proposed laws and regulations will affect American workers’ retirement security.

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees.


On Aug. 28, 2014, the Internal Revenue Service (IRS) released draft instructions for the forms that employers will use to report under Code Sections 6055 and 6056.

The Local Impact Of The National Healthcare Reform


Thursday, October 23rd, 2014

Join us for a panel discussion with senior leadership from some of Massachusett's top insurance carriers with topics surrounding ACA and the ever-changing insurance industry. Our special guest speakers will include senior leadership from both local carriers and our stoploss captive, Roundstone. We hope you'll mark your calendar and plan to join us for this special event.


  • 8:00am – Breakfast Buffet & Registration
  • 9:00am – Presentations
  • 11:15 am – Conclusion


Newton Marriott
2345 Commonwealth Ave
Newton, MA 02466

Register Now!

How do you manage what's typically the second- or third-most costly line item expense for smaller businesses today—if you can't measure those items?

Smaller employers' inability to obtain useful, readily available data has allowed premiums to go uncontested far too long. Premiums have risen 131 percent during the past 10 years. In contrast, wages have grown 38 percent, and inflation is up 28 percent, according to the Kaiser Family Foundation.

What's surprising is that most health insurance brokers have not suggested self-funding to clients as a way to gain transparency. This simple solution can help smaller businesses better manage medical costs.

Benefits include identifying overcharging and less expensive treatments that can help lower total medical benefit costs. Bottom line: It places smaller businesses in the driver's seat.

Burlington,MA(August 5, 2014)Axial Benefits Group,anemployee benefits broker in Burlington,MA, todayannouncesthatitsDirector,Stephanie Gallegos,hasbeennamed to the NAPA “Top 50 Plan Advisors Under 40” List for 2014. The list is published in the summer 2014 issue of NAPA Net Magazine and featured online.

The Affordable Care Act (ACA) requires most individuals to obtain acceptable health insurance coverage for themselves and their family members or pay a penalty. This rule, which took effect in 2014, is often referred to as the individual mandate. The penalty amount that an individual will have to pay is capped at the annual national average bronze plan premium.

On July 25, 2014, the Internal Revenue Service (IRS) released Revenue Procedure 2014-46 (Rev. Proc. 2014-46), which provides the 2014 monthly national average premium for bronze level plans. 

Starting in 2015, the Affordable Care Act (ACA) requires applicable large employers to offer affordable, minimum value health coverage to their full-time employees (and dependents) or pay a penalty. The employer penalty rules are also known as the employer mandate or the “pay or play” rules.

Also, effective for 2014, affordability of health coverage is used to determine whether an individual is:

·      Eligible for a premium tax credit for a health plan purchased through an Exchange; and


·      Exempt from the penalty for not having minimum essential coverage.

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees.

On July 24, 2014, the Internal Revenue Service (IRS) released draft versions of the following forms that employers will use to report under Sections 6055 and 6056:

1. Form 1094-B: Transmittal of Health Coverage Information Returns;

2. Form 1095-B: Health Coverage;

3. Form 1094-C: Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return; and

4. Form 1095-C: Employer-Provided Health Insurance Offer and Coverage.

On July 22, 2014, the D.C. Circuit Court struck down the availability of health insurance subsidies in states with federal Exchanges, while the 4th Circuit Court upheld their availability in all states, including those with federal Exchanges.


Several lawsuits have been filed by individuals and employers to challenge the ability of the federal government to provide tax credits under the Affordable Care Act (ACA) to individuals in states that did not establish their own Exchanges (that is, in states with federally-facilitated exchanges, or FFEs). These lawsuits were filed in response to an Internal Revenue Service (IRS) rule that authorizes subsidies in all states, including those with FFEs.

In April 2006, the Massachusetts Health Care Reform Act (Act) was signed into law to provide nearly universal health care coverage for the residents of Massachusetts. One part of the Act required employers to provide health coverage to their employees or pay a penalty.

Beginning in 2013, various aspects of the Act were repealed to avoid duplication with the employer shared responsibility rules in the Affordable Care Act (ACA).

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