2018 ushered in some of the biggest tax law changes in decades, and among those rewrites of federal law, the healthcare requirements on individuals, better known as Obamacare, were rewritten as well. Originally, once the laws were in place, the individual had to either have healthcare coverage through an employer or secure it personally through a state-run healthcare plan. Those who did not do so would realize a penalty on their income taxes at the end of the calendar year when it came time to file.

With the new changes now in place, some in Arlington, TX and elsewhere have immediately rushed to cancel their coverage to avoid the cost. That may have been premature. While President Trump did sign the new tax law act in December 2017, the provisions affecting healthcare coverage mandate don’t take effect right away. In fact, the IRS is in full swing to enforce the mandate on tax filings through the tax year 2018. That means those who are not covered through employment or cannot show partial coverage in 2018 per the allowed exemptions will be hit with the mandate penalty on their next tax filing April 2019 or thereabouts. The confusion is definitely going to surprise many how just read in the news about the mandate change and don’t read the details of exactly when it occurs, as already seen by the call the staff at Strack Insurance Services have been getting.

Strack Insurance Services can help. If you have questions about where you are with your current coverage in Arlington, TX, you made the mistake of canceling prematurely, or you just want to know more about how the new rules work, give them a call today. The worst thing you can do is try to guess in the dark in 2018 and be hit with a penalty due to a bad decision.

Extreme sports such as ATV and BMX racing are popular with both kids and adults alike. Residents who live in or near Arlington, TX can call the agents of Strack Insurance Services to make sure they have the right type of coverage in the right amount to protect themselves and others in case of an accident or other types of emergency.

Recreational Vehicle Insurance

When you own or operate any type of recreational vehicle, you need to have the right type of insurance. Recreational insurance covers you whether you are on the road or off and also during the types of activity that other types of policy don’t cover. Recreational vehicle insurance is designed to cover accidents that occur off-road and during certain types of events that involve ATVs, motorhomes, or vehicles used for recreational purposes.

Liability Insurance

Liability insurance is also necessary any time you choose to compete or participate in any type of racing or show event. Liability insures you against financial loss if someone else is injured or their property is damaged in an accident or mishap that you are involved in. This type of coverage is extremely important because it covers bodily injury in addition to property damage.

If you are involved in any type of ATV or auto racing, you need to make sure you are properly insured. If you live in Arlington, TX or any of the surrounding communities, call the agents of Strack Insurance Services and schedule an appointment today. The agents can answer all of your questions and make sure you have the right type of insurance coverage at all times.