Cypress Solution eNews
July 20, 2018
 

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.
   
Understanding IRS 'Pay or Play' Penalty Letters    
The Internal Revenue Service (IRS) is currently issuing Letter 226-J to certain employers it believes owe a penalty for failing to comply with the ACA's employer shared responsibility provisions ('Pay or Play' provisions). Learn more about employer response options, letter types and see letter samples in our full article...
Engaging Members to Become Better Consumers of Health Care      
Cypress believes informed and engaged individuals will become better consumers of healthcare, and we seek out the most innovative products and services to bring to our clients with this belief in mind. Recently, Cypress partnered with HealthJoy to offer employer-clients an additional, tech-savvy solution that will help employees navigate benefits and make better healthcare decisions while reducing health plan costs in the process. Learn more about this newest engagement option...
Featured Tom's Take: 
Why is medical necessity a critical factor when reviewing health claims?                
We occasionally have a topic that's particularly popular among our regular readers; when that happens, we like to share it more widely. We hope you enjoy the following piece.  
   
We pretty much all know that duplicate entries and miscoded services are common reasons for overcharges on medical claims. But did you know that medical necessity – or lack thereof – is a growing problem leading to excess claims charges? Learn more in our recent Tom's Take...
Recent Questions Answered:
  • How do self-funded health plans help simplify benefits administration for companies with multi-state operations?  See Tom's Take
       
  • Why is medical necessity a factor when reviewing health claims?  See Tom's Take
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