HI SCR80

Urges the Department of Labor and Industrial Relations to create a checklist for employers seeking to offer high deductible health plans paired with health savings accounts.

Checklist is intended to streamline the submission and approval process under Hawaii Revised Statutes section 393-7, which requires Director approval for healthcare options under the Hawaii Prepaid Health Care Act.

Notes that high deductible health plans with health savings accounts can satisfy state law requirements depending on specific contribution levels to the health savings account and dependent coverage costs.

Acknowledges federal and state tax benefits for employees, including tax-deductible contributions, tax-free growth, and tax-exempt distributions for qualified medical expenses.

Directs that a certified copy of the resolution be transmitted to the Director of Labor and Industrial Relations.