Cypress Header
Cypress Solution eNews 
September 30, 2009  -  Cypress Benefit Administrators
Quick Links
Log In to My Account:
About Cypress
Cost-Savings Case Studies 
Check back each issue for NEW Case Studies!
Cypress Solution eNews Archive 

We enjoy bringing you information and reminders to help you stay abreast of new Cypress developments and industry compliance requirements. Please let us know how Cypress Solution eNews can be of further service to you.
topIn This Issue:
dialysisCypress Partnering to Save You Money:  Dialysis Cost Containment 
Dialysis costs are one of the leading drivers in healthcare cost inflation for self insured groups.  Cypress has partnered with Dialysis Cost Containment, Inc., to offer a variety of services to best control dialysis costs, showing savings reaching 90% and greater. DCC, Inc., experts in dialysis cost containment since 2001, offers many programs to fit the needs of our clients and their members. Read more details about the various dialysis cost containment programs and their estimated cost savings.      <back to top>
medpartdMedicare Part D Creditable Coverage Notice Due November 15 
November 15 is the deadline for sponsors of group health plans to provide their Medicare-eligible beneficiaries with a notice advising whether the employer coverage for prescription drugs is actuarially equivalent to the Medicare Part D drug coverage. Learn more about these requirements.     <back to top>
annualnoticeAnnual Notices Required by ERISA 
Cypress Benefit Administrators wants to make you aware of certain annual notice requirements that must be provided to Employees who are covered under a group health care plan to ensure you are staying within compliance of the ERISA guidelines. These laws require Employer sponsored group health plans to provide the following notices which describe guidelines for enrollment rights, treatment and care that pertain to:
  • Special Enrollment Rights;
  • The Newborns' Act Disclosure Requirement (NMHPA);
  • Women's health and Cancer Rights Act of 1998 (NMHPA) 
  • Children's Health Insurance and Protection Act of 2009
legupdateLegislative Changes Update 
We would like to take this opportunity to remind you of the recent legislation passed that will affect your self funded health plan and Cafeteria plan. This legislation will require plan language upon your renewal.  These legislative changes include: Mental Health Parity, Michelle's Law, and changes to the laws regarding dependent care flexible spending accounts.  See details of these legislative changes.     <back to top>
sbscompareSide-by-Side Comparison of Major Health Care Reform Proposals
This document compares the leading comprehensive reform proposals across a number of key characteristics and plan components. Included in this side-by-side are proposals for moving toward universal coverage that have been put forward by the President and Members of Congress. In an effort to capture the most important proposals, we have included those that have been formally introduced as legislation as well as those that have been offered as principles or in White Paper form. Read more.     <back to top>
If you have any questions or are looking for solutions, please feel free to contact us. We are happy to help!
Cypress Benefit Administrators