HI SB930

Allows the Hawaii Employer-Union Health Benefits Trust Fund (EUTF) to forfeit unclaimed property claims for Medicare Part B premium reimbursements or other debts totaling less than $500 that are older than ten years.

Forfeited amounts are retained by the fund rather than escheating under state unclaimed property laws, addressing the EUTF's inability to participate in the state's unclaimed property program due to federal HIPAA restrictions.

Permits restoration of forfeited benefits or payments if the entitled employee-beneficiary or other person makes a proper application to the fund within ten years of the last valid payment.

For forfeited amounts already in existence as of June 30, 2017, the ten-year restoration deadline begins on July 1, 2017.

Takes effect on July 1, 2017.