Tag: tax

Understanding Errors and Omissions Insurance

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Errors-and-Omissions-Insurance

This is tax season. For the ordinary taxpayer the deadline for filing your personal return for the tax year 2017 is April 17, 2018. Why not April 15th? Well, this year April 15th falls on a Sunday and April 16th, according to the IRS, “Emancipation Day – a legal holiday in the District of Columbia – will be observed on that Monday, which pushes the nation’s filing deadline to Tuesday,…

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Are You Subsidizing Health Care Subsidy?

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Washington DC

As an insurance agent, specifically for this blog, health insurance; I am inundated with information regarding health care costs and questioned about the tax and cost implications thereof. From a statistical perspective, or in the insurance world, actuarial statistics- the increase in health care costs are directly influenced by the increase in risk.  In other words, the fact that people are no longer underwritten for health care policies for certain…

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