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It oversees the state's subsidized health insurance program, DirigoChoice. [1] The program was launched in 2005, and takes its name from the state motto of Maine, Dirigo, which is a Latin phrase meaning "I Lead." The program ended December 31, 2013 [2] with the implementation of the Affordable Care Act (also known as Obamacare). [3]
Furthermore, seniors living off of income from a 401(k), IRA or pension will benefit from an extremely retiree-friendly tax system. All retirement income is exempt from state and local taxes in ...
Instead, Tennessee and Louisiana topped Bankrate's list of the 10 most retiree-friendly states, which equally weighted cost of living, taxes, access to healthcare, crime rates and climate.
In June 2003, the Maine, US Legislature passed a comprehensive health insurance plan, granting low-cost coverage to all state residents by 2009. [ 1 ] [ 2 ] [ 3 ] The law stated that a semi-private agency would provide coverage to uninsured residents, small businesses, municipalities, and the self-employed. [ 2 ]
The good news for early retirees is that it may be easier after June 1 to stay on their company's health insurance plan. The better news is that their costs might actually go down.
In Maine, a plantation is an organized form of municipal self-government similar to but with less power than a town or a city. One difference is that plantations cannot make local ordinances . Unlike towns or cities, with few exceptions, this type of municipality usually includes the word Plantation as part of its full name, which is also ...
Here are the 30 most expensive states for retirees, according to the findings. Also see the worst states to retire if you have no more than $500,000 saved. Jon Bilous / Shutterstock.com
This is a list of the 16 counties in the U.S. state of Maine. Before statehood, Maine was officially part of the state of Massachusetts and was called the District of Maine. Maine was granted statehood on March 15, 1820, as part of the Missouri Compromise. Nine of the 16 counties had their borders defined while Maine was still part of ...