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GA SB503

GA SB503
Insurance; rental home marketplace guarantees from the definition of property insurance; exempt


summary

Introduced
02/12/2026
In Committee
03/20/2026
Crossed Over
03/04/2026
Passed
04/10/2026
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT To amend Chapter 24 of Title 33 of the Official Code of Georgia Annotated, relating to insurance generally, so as to require health benefit plans, policies, or contracts executed by the state to cover medically necessary orthotic devices and prosthetic devices and their materials and components; to revise a definition; to provide for related matters; to provide for contingent effectiveness upon appropriation of funds; to repeal conflicting laws; and for other purposes.

AI Summary

This bill amends Georgia law to ensure that health benefit plans, policies, or contracts executed by the state for state employees, public school teachers and employees, and members and employees of the Board of Regents (and their retirees and dependents) will cover medically necessary orthotic devices (like braces) and prosthetic devices (like artificial limbs), along with their materials and components. The bill clarifies that the definition of a "health benefit policy" will include these state-executed plans starting January 1, 2027, and specifically excludes self-funded employer health insurance plans governed by the federal Employee Retirement Income Security Act of 1974 (ERISA), which is a federal law that sets standards for most voluntarily established retirement plans and health plans in private industry. This Act will only take effect if funds are specifically appropriated for these purposes by the General Assembly, and will become effective on the later of the date the appropriations Act becomes effective or the start of the fiscal year for which the appropriations are made.

Committee Categories

Business and Industry

Sponsors (9)

Last Action

Senate Sent to Governor (on 04/10/2026)

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