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Cypress Solution eNews 
February 24, 2010  -  Cypress Benefit Administrators
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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:
COBRAextAdditional COBRA Subsidy Extension In the Works
On the heels of a six-month extension effected in December, an additional temporary extension of the COBRA subsidy extension is in the works.  The Senate may vote on a jobs bill by the end of the week that will include a short extension of the eligibility period to qualify for the COBRA subsidy. Learn more. <back to top>
mentalhealthNew Mental Health Parity Regulations Require Health Plan Updates 
Employer and union-sponsored welfare benefit plans must update their group health plans to comply with expanded Federal mental health parity regulations published Jan. 29, 2010. The new rules will require group health plans to review and make adjustment to benefit provisions to ensure that any covered group health plan that includes mental health and substance use disorder benefits are generally in parity with medical and surgical benefits. Learn more details about the new regulations. <back to top>
wellnessWorkplace Wellness is Key to Business Success
Many Cypress clients are reaping the benefits of promoting wellness in the workplace.  In addition to the Cypress comprehensive wellness approach,Thrive!, Cypress offers a number of different approaches to wellness and innovative products designed to engage employees to live healthier lives and become well.
The importance of promoting wellness in the workplace is becoming an increasingly higher priority among businesses in the know.  Why?  According to a recent report produced by Right Management in partnership with the World Economic Forum, health and well-being can have a significant effect on workforce productivity, talent retention, creativity and innovation in the workplace, organizational effectiveness and, ultimately, business performance. Learn more (3.7 MB PDF)<back to top>
reformPresident's Health Reform Proposal 
As part of our goal to bring you relevant and timely industry information, we'd like to offer you these quick links to up-to-date information on one of the most significant factors potentially affecting the health care, insurance and benefits arena. The viewpoints expressed in these materials do not necessarily reflect the views of Cypress Benefit Administrators or its employees, owners or affiliates.
Cypress in the News
cypressCypress Benefit Administrators was recently featured as the cover story for Company Magazine's February 2010 issue.  Click here to see the article and learn more about us! (2.1 MB PDF) <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