Senator Coghill’s Trauma Care Systems, Annuities Exemption Bills Signed into Law
Anchorage – Governor Sean Parnell today signed into law House Bill 101 and House Bill 168, both introduced by Senator John Coghill, R-North Pole.
HB 101 allows Alaskan families to more securely plan for their retirement or for an untimely death by increasing a state cap on exempted annuities and life insurance from $10,000 to $500,000
“In this day, few of us can or should depend on Social Security as our only form of retirement or means of providing for our survivors,” Coghill said. “This bill protects the life insurance and annuities that many non-government and small business employees rely on to supplement their retirement from being wiped-out by debt, and by doing so allows Alaskans to better plan for their retirement and for the provision of their loved ones.”
By establishing a fund accessible by medical facilities that attain a top certification as a trauma center, HB 168 provides a strong incentive for Alaskan hospitals to increase their ability to respond to trauma emergencies.
“HB 168 encourages hospitals and other medical facilities to get certified at a certain level to respond to trauma incidents, the goal being to increase the chances of survival for traumatically injured Alaskans and to have hospitals and doctors that are well-equipped and coordinated throughout our state.” Coghill said.
Trauma is any bodily injury from an external force including car crashes, snow machine and ATV accidents, falls, shootings, and stabbings.Both HB 101 and HB 168 were introduced by Senator Coghill while he was serving as a member of the House and passed by the legislature after his 2009 appointment to the Senate by Governor Parnell.