Archive | August, 2010

Georgia House Bill 1055 : retirement income will no longer be taxed starting in 2016

Beginning in 2016 retirement income will no longer be subject to state income taxation in Georgia for those over age 62. Also, the state portion of homeowners’ property taxes for those over age 62 will be waived. The current income exclusion amount will gradually increase from its current level of $35,000 so benefits will improve […]

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The new healthcare legislation ~ No more pre-existing conditions limitations

Just what does that mean? What is a pre-existing condition? Something for which an individual has been treated in a pre-determined time before health insurance coverage starts, normally 12- 18 months. When does a pre-existing condition normally become a covered charge? Once an insured has been on a plan for a pre-determined time, normally 12 […]

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The new healthcare legislation ~ Coverage of dependents to age 26

We have had several conversations in the past few weeks with individuals who are confused about the pending health insurance changes relative to coverage for dependents under age 26. Implementation of the law is required at the first insurance contract renewal following September 23, 2010. Some insurance carriers have allowed students who graduated in May […]

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The new healthcare legislation ~ If I hardly use my insurance why do my rates keep going up?

Insurance is fundamentally a sharing of risk and, while you may not have had a bad claim year, someone in your risk pool did. Another factor in premium increases is the expected increased cost of care and following are the areas where the new healthcare legislation is about to hit all of us very hard. […]

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