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HI HB1639

Bill

Official Source

Status

Engrossed

3/1/2024

Primary Sponsor

Scot Matayoshi

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Increases the employer base composite monthly contribution by 5.2% effective January 1, 2025, based on the 2024 contribution amount
  • Changes the annual adjustment mechanism beginning January 1, 2026, to use a two-year lag based on Medicare Part B premium rate changes
  • Requires future adjustments to be calculated by comparing the Medicare Part B premium rate at the beginning of the previous plan year to the rate from the year prior to that
  • Defines "Medicare Part B premium rate" as the rate published in the Federal Register on November 1 or the closest business day after being established and approved by the federal government
  • Takes effect July 1, 2024

Legislative Description

Relating To The Hawaii Employer-union Health Benefits Trust Fund Base Composite Monthly Contribution.

Hawaii Employer-Union Health Benefits Trust Fund

Last Action

Received notice of Senate conferees (Sen. Com. No. 677).

4/15/2024

Committee Referrals

Ways and Means3/21/2024
Labor and Technology3/7/2024
Finance2/1/2024
Labor & Government Operations1/24/2024

Full Bill Text

No bill text available