2nd Quarter 2018

Account Checkup: Keep Your RHS Plan Survivor Information Up to Date

When was the last time you reviewed and updated your survivor designation? If you have experienced a major life change, such as a marriage, divorce, or change in number of dependents, the survivor designations for your VantageCare Retirement Health Savings (RHS) Plan may be out of date. There are instances when assets in the RHS Plan may be forfeited, such as upon a participant’s death if there are no designated survivors (spouse or eligible dependents). This does not apply to 401 and 457 plans.

To view or update your survivor designations, simply log in to your account at www.icmarc.org/login. On the Access My Accounts tab, after selecting the RHS plan, select the applicable View menu option to review or update the information on file. After making the changes, click Submit, and then look for the confirmation screen to verify that the changes have been transmitted to ICMA-RC. The same instructions may be followed to view or update survivor designations for any other ICMA-RC accounts, such as a 401 or 457.

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