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The ISIS Threat in the U.S. Nov 23rd
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Those with health coverage through Obama’s law may face a challenge in getting tax-return form
– canadianbusiness.com
WASHINGTON – If you got health coverage through President Barack Obama’s law this year, you’ll need a new form from your insurance exchange before you can file your tax return next spring.
Some tax professionals are worried that federal and state insurance marketplaces won’t be able to get those forms out in time, creating the risk of delayed tax refunds for millions of consumers.
The same federal agency that had trouble launching HealthCare.gov last fall is facing the heaviest lift.
The Health and Human Services Department must send out millions of the forms, which are like W-2s for people getting tax credits to help pay health insurance premiums.
The form is called a 1095-A, and it lists who in each household has health coverage and how much the government paid each month to subsidize their premiums. Nearly 5 million people have gotten subsidies through HealthCare.gov.
If the forms are delayed past their Jan. 31 deadline, some people may have to wait to file tax returns — and collect their refunds…
Some tax professionals are worried that federal and state insurance marketplaces won’t be able to get those forms out in time, creating the risk of delayed tax refunds for millions of consumers.
The same federal agency that had trouble launching HealthCare.gov last fall is facing the heaviest lift.
The Health and Human Services Department must send out millions of the forms, which are like W-2s for people getting tax credits to help pay health insurance premiums.
The form is called a 1095-A, and it lists who in each household has health coverage and how much the government paid each month to subsidize their premiums. Nearly 5 million people have gotten subsidies through HealthCare.gov.
If the forms are delayed past their Jan. 31 deadline, some people may have to wait to file tax returns — and collect their refunds…
Fairfax shelling out $100M to buy dog and cat medical health insurer Pethealth
– canadianbusiness.com
TORONTO – Fairfax Financial Holdings Ltd. (TSX:FFH) plans to pay about $100 million to acquire Pethealth Inc. (TSX:PTZ), an Oakville, Ont.,-based company that provides medical insurance for dogs and cats to pet owners.
Under the deal, Fairfax has offered $2.79 per share in cash for all of the company’s common shares, as well as $2.79 in cash for its preferred shares, plus any dividends accrued but unpaid up until the day before the deal closes.
The share offer itself is a 26 per cent premium to the company’s closing stock price of $2.21 on Friday and represents a premium of about 69 per cent to the closing price of on Aug. 15, when Pethealth announced it was reviewing strategic alternatives.
Total cash consideration of approximately $100 million will be paid for Pethealth’s common and preferred shares and options, Fairfax said in a statement issued Friday after markets closed.
The Pethealth board will recommend that shareholders vote in favour of the arrangement…
Under the deal, Fairfax has offered $2.79 per share in cash for all of the company’s common shares, as well as $2.79 in cash for its preferred shares, plus any dividends accrued but unpaid up until the day before the deal closes.
The share offer itself is a 26 per cent premium to the company’s closing stock price of $2.21 on Friday and represents a premium of about 69 per cent to the closing price of on Aug. 15, when Pethealth announced it was reviewing strategic alternatives.
Total cash consideration of approximately $100 million will be paid for Pethealth’s common and preferred shares and options, Fairfax said in a statement issued Friday after markets closed.
The Pethealth board will recommend that shareholders vote in favour of the arrangement…
