Loading chat...
HI HB1040
Bill
Status
1/23/2025
Primary Sponsor
Nadine Nakamura
Click for details
AI Summary
-
Amends section 87A-33, Hawaii Revised Statutes, to change the adjustment schedule for the Hawaii Employer-Union Health Benefits Trust Fund base composite monthly contribution.
-
Increases the base composite monthly contribution by 5.2 percent effective January 1, 2026, based on the 2025 contribution level.
-
Beginning January 1, 2027, requires annual adjustments to be calculated using the percentage change in Medicare Part B premium rates from the previous plan year, rather than the current adjustment method.
-
Defines "Medicare Part B premium rate" as the rate published in the Federal Register on November 1 or the nearest business day after being established by the U.S. Secretary of Health and Human Services and approved by Congress.
-
Takes effect July 1, 3000 (appears to contain a scrivener's error in the effective date).
Legislative Description
Relating To The Hawaii Employer-union Health Benefits Trust Fund Base Composite Monthly Contribution.
EUTF
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).
2/11/2025