Bill Text: HI HB1040 | 2025 | Regular Session | Introduced
Bill Title: Relating To The Hawaii Employer-union Health Benefits Trust Fund Base Composite Monthly Contribution.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2025-02-04 - The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 4 Ayes: Representative(s) Sayama, Lee, M., Garrett, Kapela; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kong, Reyes Oda. [HB1040 Detail]
Download: Hawaii-2025-HB1040-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1040 |
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THIRTY-THIRD LEGISLATURE, 2025 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND BASE COMPOSITE MONTHLY CONTRIBUTION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"(c) The base composite monthly contribution shall
be adjusted annually, beginning January 1, [2015. The] 2026, by increasing the base composite
monthly contribution in effect on January 1, 2025, by 5.2 per cent. Thereafter, the adjusted base composite
monthly contribution for each new plan year (January 1 until December 31) shall
be calculated by increasing or decreasing the base composite monthly
contribution in effect through the end of the previous plan year by the
percentage increase or decrease in the medicare part B premium rate for [those
years,] the previous plan year, which percentage shall be calculated
by dividing the medicare part B premium rate in effect at the beginning of the [new]
previous plan year by the rate in effect at the beginning of the year
prior to the previous plan year.
As used in this subsection, "medicare part B premium rate" means the rate published in the Federal Register each year on November 1 or on the business day closest to November 1 of each year after the medicare part B premium rate has been established by the United States Secretary of Health and Human Services and approved by the United States Congress."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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BY REQUEST |
Report Title:
EUTF; Employer Base Composite Monthly Contribution
Description:
Effective 1/1/2026, increases the employer base composite monthly contribution to the Hawaii Employer-Union Health Benefits Trust Fund by 5.2 percent of the 2025 employer base composite monthly contribution. Effective 1/1/2027, requires that the employer base composite monthly contribution be calculated based on the change in Medicare Part B premiums from 2025 to 2026 and at a two-year lag thereafter.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
