eNews from Cypress Benefit Administrators 12-07-12

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.

HOLIDAY SCHEDULE:

Cypress Business Hours will remain the same, except that our offices will be closed Mon/Tues December 24-25, and Mon/Tues December 31 - January 1 for the holidays.

We wish you and your families a Safe and
Happy Holiday Season!

In This Issue:

IRS Issues Final Regulations on Comparative Effectiveness Research Fee
News Release:
Businesses Band Together through Group Captive Insurance Programs to Achieve Cost Containment in Healthcare

IRS Issues Final Regulations on Comparative Effectiveness Research Fee

On December 5, 2012, the Internal Revenue Service (IRS) issued final regulations on the Comparative Effectiveness Research Fee (CERF), an annual fee on insured and self-insured health plans that will be used to fund the Patient Centered Outcomes Research Institute (PCORI). The fee applies for plan years beginning on or after 10/2/11 and continues through 2019, and first payments are due for some plans on 7/31/13. Learn more about who is required to pay, along with changes and additional guidelines. back to top>

Businesses Band Together through Group Captive Insurance Programs to Achieve Cost Containment in Healthcare

By pooling their collective risk, businesses throughout the United States are finding that group captive insurance structures like CypressCap offer significant savings potential and the ability to contain healthcare costs. Read the full news release, as seen on LA Daily News, The Cincinnati Enquirer and other major media websites.
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If you have any questions or are looking for solutions, please feel free to contact us. We are happy to help!

Sincerely,

Cypress Benefit Administrators