Bill Text: HI SB3217 | 2024 | Regular Session | Introduced
Bill Title: Relating To The Hawaii Employer-union Health Benefits Trust Fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2024-03-07 - Referred to LGO, FIN, referral sheet 16 [SB3217 Detail]
Download: Hawaii-2024-SB3217-Introduced.html
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THE SENATE |
S.B. NO. |
3217 |
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THIRTY-SECOND LEGISLATURE, 2024 |
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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.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 87A-33, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c) The base composite monthly contribution shall
be adjusted annually, beginning January 1, [2015. The] 2025, by increasing the base
composite monthly contribution in effect on January 1, 2024, 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 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 Statutory material to be repealed is bracketed and stricken.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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Report Title:
Hawaii Employer-Union Health Benefits Trust Fund; Base Composite Monthly Contributions; Adjustment
Description:
Requires the Hawaii Employer-Union Health Benefits Trust Fund base composite monthly contribution to be adjusted annually beginning 1/1/2025 by increasing the contribution in effect on 1/1/2024 by 5.2 per cent, and thereafter based on the changes in Medicare part B premiums for the previous plan year.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
