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Cypress Solution eNews 
August 25, 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:
modelCoverage of Dependents to Age 26, Special Enrollment Rights and Model Language
As most of you know, PPACA requires that group health plans begin covering dependents until age 26.  This requirement goes into effect on the first day of the first plan year after September 23, 2010.  For some plans this will be as early as October 1, 2010.  The requirement applies to ALL plans, and carries with it specific regulations, timeframes, notice requirements and more.  Read more, along with Model Language for required notifications.
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dependentinfoChange in Required Dependent Information
An adult child does not need to be "tax dependent" to be eligible for health insurance coverage under his/her parent's Group Health Plan. Learn about new "dependents" definitions, regulations, effects on payroll taxes and annual taxable income, what information must be collected about each "dependent" and more.
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Cypress Benefit Administrators