Cypress Solution eNews
July 14, 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. 
Reminder: Form 5500 Filing Deadline is July 31
Employers/plan sponsors are reminded that Form 5500, Annual Return/Report of Employee Benefit Plan, must be filed with the U.S. Department of Labor (DOL) by July 31 for calendar-year plans. For more information such as who needs to file and how, read on...
Reminder: PCORI Fees Due July 31
As a reminder, employers/plan sponsors of some types of self-insured health plans are required to pay Patient-Centered Outcomes Research Institute (PCORI) fees. These fees are used for research designed to ultimately assist patients, clinicians, purchasers and policy-makers in making informed health decisions. For more information about who needs to pay and how, see the full article...
News Release: 
Average Health Plan Cost Increase for Cypress's Clients Contained to Nearly Half the National Rate  
Cypress Benefit Administrators is having continued success with its efforts to contain health plan costs for employer-clients nationwide. The TPA announced that it was able to keep its clients' rate increases to an average of 3.79% last year -- nearly half the national rate (7.2%). Learn more in the full release...
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