Solar Eclipse, August 21st

With the highly anticipated solar eclipse set to take place on August 21st, anyone looking to safely watch this rare phenomenon will need a pair of solar viewing glasses.  There are counterfeit glasses on the market that can potentially cause damage to your eyes.  NASA recommends using the American Astronomical Society’s list of reputable vendors.  You can view this list at the link below:


DSP teams up with Habitat for Humanity

DSP recently teamed up with Habitat for Humanity to help build a home for a family in need. Habitat for Humanity, a non-profit housing organization who seeks to build homes, community, and hope, was founded on the idea that that every man, woman and child should have a simple, durable place to live in dignity and safety. If you want to learn more about Habitat for Humanity or get involved, you can view their website by clicking the link below.

“WannaCry” Ransomeware Attacks

Damages from the recent “WannaCry” ransomeware attacks are mounting and could potentially hit $4 billion globally.  The attack affected more than 230,000 computers in over 150 countries by encrypting data and demanding ransom payments.  If you’d like to learn about mitigating these types of risks to your business through cyber insurance, contact DSP today at


House Passes ACA ‘Repeal and Replace’ Bill; Senate to Begin Deliberations Soon

In a first step toward repealing and replacing the Affordable Care Act (ACA), the U.S. House of Representatives has passed the American Health Care Act. The bill will now be sent to the U.S. Senate. Until this legislation is passed by the U.S. Senate and signed into law by President Trump, all existing ACA requirements remain in effect, including penalties for noncompliance.   Notable Provisions of the American Health Care Act If signed into law, the American Health Care Act would, among other changes, make the following revisions to key features of the ACA over the next three years:

  • “Pay or Play”: Penalties for noncompliance with the “pay or play” coverage requirement (which mandates, in general, that employers with 50 or more full-time employees [including full-time equivalent employees] must offer affordable, minimum value coverage to their full-time employees, or pay a penalty tax) are zeroed out. However, the Form 1094 & 1095 reporting requirements are unchanged by the bill.
  • Individual Mandate: Penalties for noncompliance with the individual mandate are zeroed out, effectively repealing the mandate. In its place, the bill requires issuers in the individual or small group markets to impose a 30% penalty on the health insurance premiums of individuals who do not maintain continuous health insurance coverage.
  • HSA Contribution Limits: Limits on contributions to health savings accounts (HSAs) are increased to equal the inflation-adjusted annual out-of-pocket expenses limitation imposed on high deductible health plans (currently $6,550 (self-only coverage)/$13,100 (family coverage)).
  • Health FSA Contribution Limits: Limits on contributions to health flexible spending arrangements (health FSAs) are eliminated.
  • Tax Credits for Individual Coverage: Replaces the ACA’s premium tax credits for individual market coverage with advanceable, refundable tax credits adjusted for both age and income.
  • Market Reforms: Permits states to seek waivers from the ACA’s essential health benefits and age and health status community rating requirements.
  • Medicaid: Allows states to elect to receive federal Medicaid funding via a block grant or per capita allotment, and alters the ACA’s Medicaid expansion.

Click here to read the American Health Care Act in its entirety.