Cypress Solution eNews
November 16, 2017
 

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 for November will remain the same, except that our offices will be closed on Thursday, November 23, and Friday, November 24, for the holiday.
We wish you and your families a Happy and Safe Thanksgiving Holiday!
 
IRS to Begin Mailing "Pay or Play" Penalty Letters 
The IRS has announced that it will begin mailing employers letters informing them of their potential liability for a "pay or play" penalty for the 2015 calendar year in late 2017. This letter (Letter 226J) is designed to let ALEs know they may owe a penalty payment, and allows them to respond (agree or disagree) before any actual payments are due. See a sample letter, plus learn about options for responding, response due dates, payment procedures and more in our full article...
IRS Announces Increase for 2018 Health FSA Contribution Maximum  
The IRS recently announced the annual inflation adjustment for flexible spending accounts (FSAs) for the 2018 tax year. The 2018 dollar limitation for contributions to health FSAs is slightly higher than the current maximum, while the 2018 Dependent Care FSA maximum annual contribution will remain the same. Read more for details...
News Release: 
Education Proves Effective as TPA Helps Employer Groups Reduce Dialysis Care Spending by Nearly $5 Million       
To address the rising number of kidney disease cases and mounting cost of care, Cypress Benefit Administrators offers employer-clients two programs that emphasize education. These efforts have resulted in $4.9 million in savings related to dialysis treatment to date, better disease management and healthier outcomes. Read the full release...
Recent Questions Answered:
  • Do companies realize the substantial health plan savings promised when moving to a large carrier? See Tom's Take
     
Argus Case Studies
Quick Links
Copyright © 2016. All Rights Reserved.