The Internal Revenue Service (IRS) and Department of Labor (DOL) published a joint notice on May 4, 2020. The Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by the COVID-19 Outbreak notice outlines the temporary extension … Read More
In early May, Diversified Benefit Services, Inc. (DBS) started transitioning our remote staff back to the office as part of our business operation Plan of Action developed by our Management Leadership Team. Effective Tuesday, May 26, we are back to … Read More
On May 12, 2020, the IRS released Notice 2020-29 which provides much needed plan year election relief for participants in Health Care FSAs (HCFSAs), Limited Purpose FSAs (LPFSAs), Dependent Care FSAs (DCFSAs) and Section 125 plans in general. Notice 2020-33 … Read More
The IRS and DOL published a joint rule in the Federal Register (pages 26351-26355) May 4, 2020, extending the timeframes employees have for electing COBRA and requesting special enrollment rights for health care plans. The guidance also institutes a required … Read More
The IRS and DOL released a joint notice April 28th that extends the period of time that a participant has to request a special enrollment under a health plan, elect and pay for COBRA, submit claims for coverage and dispute … Read More
