Cypress Solution eNews
March 25, 2015
 

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.
IRS Notice Addresses Future Excise Tax & Invites Public Input
The IRS released Notice 2015-16 late in February addressing the future 40% excise tax (sometimes referred to as the "Cadillac Tax") on high cost employer-sponsored group health coverage. A provision of the ACA, the tax is scheduled to commence in 2018. The specifics of how the excise tax will be calculated and collected have not yet been defined, and this Notice is the first action on the part of the IRS to begin finalizing the details. In addition to exploring issues such as defining Applicable Coverage and Annual Dollar Limits, the Notice also requests comments from the public in helping to determine the final specifics of the provision. Read more  
News Release: 
Co-Founder of Cypress Benefit Administrators Named CEO/Executive of the Year by Media Group in Wisconsin
Tom Doney, president and CEO of Cypress Benefit Administrators, was named as the CEO/Executive of the Year by Post-Crescent Media of Appleton, Wisconsin. Doney shares his perspective on business leadership today and the factors that help make his company a successful third party administrator (TPA). Read full release  
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