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Mid-Year Election Changes, Extended Grace Period, and Rollover Increase

Mid-Year Election Changes, Extended Grace Period, and Rollover Increase The Internal Revenue Service has issued two new notices in response to COVID-19 which allow cafeteria plans to permit prospective midyear election changes, to allow extended periods for using remaining FSA funds and increasing future carryover amounts. IRS Notice 2020-29 allows for temporary changes to cafeteria plans during […]



COVID-19 Relief Deadline Extensions FSA/HRA COBRA On May 4th, 2020, the Department of Labor and the Internal Revenue Service published a final ruling offering relief for COBRA deadlines and health FSA/HRA claim filing deadlines during the COVID-19 National Emergency. Certain deadlines are suspended from the beginning of the National Emergency starting March 1, 2020 until […]


COVID Deadline Relief

The Department of Labor (Employee Benefits Security Administration – EBSA) and the Department of the Treasury (Internal Revenue Service) have jointly issued a final ruling scheduled to be published on 5/4/2020 on the extension of certain timeframes for group health plans, disability and other welfare plans, pension plans, and participants and beneficiaries of these plans during the COVID-19 National Emergency.

This final ruling establishes an “Outbreak Period” retroactive to the Declaration of a National Emergency on March 1, 2020 until 60 days after the National Emergency is over. Deadlines are suspended during the “Outbreak Period”, and the applicable timelines will resume after this period is over.


Evolution of the HSA

So much more than triple-tax-savings. JOIN OUR WEBINAR! Thursday, May 28th @ 3PM MTFriday 29th @ 10AM MT With Healthcare Plans continually trending towards HDHPs, join us as we look at what’s next for Health Savings Accounts, from post-COVID-19 and beyond. Thursday, May 28th Friday,May 29th


Section 139

Section 139 Plans A Silver Lining in the COVID-19 Cloud A Little Background Following the attacks on September 11, 2001, Congress added Section 139 to the US Tax Code which allows employers to make tax-free “qualified disaster relief payments” to assist employees.  On March 13, 2020 President Trump declared the coronavirus a national disaster under […]


COVID-19 Pension Announcements

COVID-19 Pension Administration Announcements Options for existing cash balance plans For anyone with an existing 12/31 plan year-end Cash Balance plan, prior to anyone working 1,000 hours in 2020, you may have the option of freezing your plan so that new benefits in 2020 do not accrue. Please click here for an explanation of what freezing your Cash Balance […]



Helpful Links RPS & COVID-19 Preparedness Business As Usual We will continue operations as usual. Monday through Friday,7AM to 6PM MT. Employee Access Employees can only use company-provided computers to access our network and then only after satisfying our dual-authentication security protocols. Supreme Data Security We have extremely robust data encryption and all data resides […]



The CARES Act: Q & A On March 27, 2020 President Trump signed into law the CARES (Coronavirus Aid, Relief and Economic Security) Act. Among its many provisions, are ones that may directly affect the operation of your retirement plan. It is important to know that these law changes are still being assessed on how […]


Employer OTC Prescription Repeal

OTC Now OK Without RX OTC expenses have required a prescription to be eligible under FSAs, HSAs and HRAs since 2011 per the Patient Protection and Affordable Care.  The CARES Act passed last week in response to the COVID-19 crisis permanently removed this requirement, so prescriptions are no longer required.  It also expanded the definition […]


OTC Prescription Repeal

The CARES Act passed last week in response to the COVID-19 crisis permanently removed this requirement, so prescriptions are no longer required. It also expanded the definition of eligible expenses to include menstrual care products.