ALABAMA - While the winter holidays are over, Alabamians should brace for a few "sticker shocks" that will arrive along with the spring blossoms.
1. Individual Health Insurance Premiums
As noted above, the massive 19% to 25% increase in ACA individual market rates will be felt fully this spring as the first quarter's bills come due. For a family of four in Alabama not receiving a heavy subsidy, this could represent an additional $200 to $400 a month in expenses compared to last year.
2. Hemp and Delta-8 Products
Because of the new HB 445 licensing and dosage requirements, the cost of hemp-derived gummies and drinks is expected to rise. Retailers now have to pay for ABC licensing and ensure all products meet new lab-testing and single-serve packaging standards, costs likely to be passed on to consumers.
3. Property Tax Reassessments
Spring is the "reassessment window" for many Alabama counties. As home values in areas like Huntsville, Birmingham, and the Gulf Coast have continued to climb, homeowners will receive valuation notices between March and August. While the tax isn't due until October, these notices will set the stage for higher monthly escrow payments for anyone with a mortgage.