TSG Financial Blog

Posted by Camille Parmashwar-Smith on Dec 4th, 2017

Whether it's due to the holiday spirit or taking advantage of tax deductions before it's too late, one-fourth of all charitable donations are typically made in the last 6 weeks of the calendar year. 

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Posted by Camille Parmashwar-Smith on Nov 29th, 2017

Incorporate jump roping into your routine! You’ll burn about 200 calories in 20 minutes & boost your cardio vascular health.

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Posted by Camille Parmashwar-Smith on Nov 28th, 2017

Making a list of your commitments will help you plan your time and help you avoid double-booking yourself.

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Posted by Camille Parmashwar-Smith on Nov 28th, 2017

According to Gallup News, 50% of employees say they would leave their employer for a company that offered benefits beyond medical insurance. #motivationmonday

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Posted by Camille Parmashwar-Smith on Nov 23rd, 2017

Happy Thanksgiving to you and your family from TSGFinancial!! What are you thankful for? 

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Posted by Camille Parmashwar-Smith on Nov 7th, 2017

TSG Financial is proud to support the Family Service LI Charity Event. Congrats to our client, Scott Maskin, CEO of SUNation Solar.

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Posted by Camille Parmashwar-Smith on Nov 1st, 2017

TSG Financial is proud to be sponsoring today’s Annual Conference and Exposition @CT_HealthAtHome. 

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Posted by Camille Parmashwar-Smith on Oct 25th, 2017

Yesterday TSG Financial was proud to sponsor the @NYSHCP Annual Conference! Did you receive a free check-up from our EB #Doctors?

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Posted by Debbie Gluzband on May 11th, 2017

TSG Financial's Home Care Specialty Group has been very busy attending public events and making connections! 

We were proud sponsors and exhibitors at the HCA Annual Conference, held in Saratoga, NY. The annual event's theme was "Rediscover, Reimagine, Reinvent Home Care" and we thought it would be fun to take an 'out of this world' approach! TSG Financial wants to show how we can provide a fresh perspective in home care, and we had a great time making new connections.Thank you so much if you visited our booth at the event!


And we didn't stop there! On May 5th, Michael Probst attended the CT Association for Healthcare At Home's Florence Wald Annual Hospice Conference in Wallingford, CT., which provides strategies to improve end-of-life care across the continuum. 

As always, TSG Financial strives to stay ahead of the curve by staying educated on current issues facing your business. 

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Posted by Debbie Gluzband on May 9th, 2017

OVERVIEW

On May 4, 2017, members of the U.S. House of Representatives voted 217-213 to pass the American Health Care Act (AHCA), after it had been amended several times. The AHCA is the proposed legislation to repeal and replace the Affordable Care Act (ACA).

The AHCA needed 216 votes to pass in the House. Ultimately, it passed on a party-line vote, with 217 Republicans and no Democrats voting in favor of the legislation. The AHCA will only need a simple majority vote in the Senate to pass.

If it passes both the House and the Senate, the AHCA would then go to President Donald Trump to be signed into law.

IMPACT ON EMPLOYERS

The AHCA will now move on to be considered by the Senate. It is likely that the Senate will make changes to the proposed legislation before taking a vote. The AHCA would only need a simple majority vote in the Senate to pass. However, unless the AHCA is passed by the Senate and signed by President Trump, the ACA will remain intact.

LEGISLATIVE PROCESS

The AHCA is budget reconciliation legislation, so it cannot fully repeal the ACA. Instead it is limited to addressing ACA provisions that directly relate to budgetary issues—specifically, federal spending and taxation. A full repeal of the ACA must be introduced as a separate bill that would require 60 votes in the Senate to pass.

Since the AHCA was introduced, it has been amended several times. To address concerns raised by both Democrats and fellow Republicans, the House Republican leadership released amendments to the legislation on March 20, 2017, followed by a second set of amendments on March 23, 2017. On March 23, 2017, House leadership withdrew the AHCA before taking a vote. After the withdrawal, Republicans made additional amendments (the MacArthur amendments) to the AHCA, followed by a separate corrective amendment. A new House vote was scheduled for May 4, 2017, which resulted in a 217 to 213 vote to pass the AHCA.

The AHCA will now move on to be considered by the Senate. It is likely that the Senate will make changes to the proposed legislation before taking a vote. The AHCA would only need a simple majority vote in the Senate to pass. However, unless the AHCA is passed by the Senate and signed by President Trump, the ACA will remain intact.

ACA PROVISIONS NOT IMPACTED

The majority of the ACA would not be affected by the AHCA. The MacArthur amendments specifically maintain most of the ACA’s market reforms. For example, the following key ACA provisions would remain in place:

  • Cost-sharing limits on essential health benefits (EHBs) for non-grandfathered plans (currently $7,150 for self-only coverage and $14,300 for family coverage)
  • Prohibition on lifetime and annual limits for EHBs
  • Requirements to cover pre-existing conditions
  • Coverage for adult children up to age 26
  • Guaranteed availability and renewability of coverage
  • Nondiscrimination rules (on the basis of race, nationality, disability, age or sex)
  • Prohibition on health status underwriting

Age rating restrictions would also continue to apply, with the age ratio limit being revised to 5:1 (instead of 3:1), and states would be allowed to set their own limits. The MacArthur amendments also reinstate EHBs as the federal standard, eliminating a prior controversial amendment to the AHCA, although states may obtain waivers from these rules.

This ACA Compliance Bulletin is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

© 2017 Zywave, Inc. All rights reserved.

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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial, Risk Strategies Company and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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