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Final 2017 Instructions for Forms 1094 and 1095 Now Available
The IRS has released the final 2017 Instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C to help employers prepare for calendar year 2017 Affordable Care Act (ACA) information reporting. Employers will use the final versions of the forms and instructions in early 2018 to report on health coverage offered (or not offered) in the 2017 calendar year. For more information about key reporting changes, reporting deadlines, links to the forms and more, see the full article...
PCORI Fees Raised for 2018 Filing Period
The IRS recently announced an increase in the applicable dollar amount used to determine the Patient-Centered Outcomes Research Institute (PCORI) fee for plan years ending on or after October 1, 2017, and before October 1, 2018. Learn more, including what the new fee is, which employers are responsible for paying the PCORI fee and more...
Comprehensive Review of Health Claims Results in $4.3 Million Saved for TPA Clients
With our ongoing focus to contain health plan costs, Cypress Benefit Administrators saved clients $4.3 million last year through Argus Claim Review, our comprehensive health claim review service. Coding error identification and out-of-network reviews were among the top ways the most savings were identified. Read the full release...
Focus to Contain Health Plan Costs a Success as TPA Saves Client Base Half the Amount of Total Billed Charges
In reviewing our cumulative cost results for the health plans we managed in 2016, Cypress revealed saving employer-clients a total of 49.5% off billed charges - $266 million of the $543 million invoiced. We've also been able to keep our clients' annual health plan cost increases below the national average since 2011. Learn more about how we achieve these savings in the full release...
Recent Questions Answered:
How are wearable health devices being integrated into employee benefit programs and why? See Tom's Take
What role can employers take in helping address the opioid addiction crisis? See Tom's Take