NOTE: This issue of Cypress Solution eNews carries a Special Announcement only. We will resume our normal format in our next issue.
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.
Special Employer Incentive Program Offer from Health Payment Systems (HPS) Limited-Time Offer
Health Payment Systems (HPS) is offering a special employer incentive for 2010.
The Offer Employers will be reimbursed their HealthEOS or IHG access fees up to $3.65 per employee, per month. Additionally, all costs for re-issuance of members' insurance cards will be paid for by HPS. HPS offers a no-hassle implementation, and there are no disruptions to your employees' choice of healthcare providers.
Benefits of HPS Membership Employers will see their overall paid claims expense go down from 5%-20% through HPS's superior provider discounts. In 2009, HPS was able to save its employer groups approximately $6 million over what they had been experiencing with their current plans (see attached "HPS Aggregated Savings Report").