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GA SB472
Bill
Status
Introduced
2/22/2012
Primary Sponsor
Judson Hill
Click for details
AI Summary
- Physicians entering into direct financial arrangements with patients for specified services at less than $3,000 annually are exempted from state insurance laws
- Insurers are exempted from state premium taxes on comprehensive major medical plans sold to Georgia residents, and the Commissioner of Insurance is directed to develop flexible guidelines, fast-track approval processes, and conduct a national study of such plans
- Employers with 10 or fewer employees who provide comprehensive major medical plans receive a $250 per-employee income tax credit (changed from the prior 50-employee threshold for high deductible plans), and taxpayers may deduct 100% of premiums paid for such plans from state taxable income
- Newly incorporated eligible employers with 10 or fewer employees who contribute at least 50% of employee health premiums may offset sales and use taxes owed to the state on a declining scale—100% in year one down to 25% in year four—with the credit expiring after 48 months; this offset and the income tax credit both sunset 10 years after enactment
- New "Exclusive Provider Arrangements Act" provisions allow health care insurers to establish exclusive provider networks with minimum standards for cost containment, emergency care coverage, and provider participation rights, while expanding the right of licensed providers to join preferred and exclusive provider networks
Legislative Description
"Flexible Choices Act"; provide exemption from insurance laws for certain physician arrangements
Last Action
Senate Read and Referred
2/22/2012
Committee Referrals
Insurance and Labor2/22/2012
Full Bill Text
No bill text available