HOUSE OF REPRESENTATIVES H.B. NO. 1639 THIRTY-SECOND LEGISLATURE, 2024 STATE OF HAWAII 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:
HOUSE OF REPRESENTATIVES H.B. NO. 1639
THIRTY-SECOND LEGISLATURE, 2024
STATE OF HAWAII
HOUSE OF REPRESENTATIVES
H.B. NO.
1639
THIRTY-SECOND LEGISLATURE, 2024
STATE OF HAWAII
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:
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 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 Statutory material to be repealed is bracketed and stricken.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. INTRODUCED BY: _____________________________
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 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.
INTRODUCED BY: _____________________________
INTRODUCED BY:
_____________________________
Report Title: Hawaii Employer-union Health Benefits Trust Fund; Employer Base Composite Monthly Contribution Description: Provides that effective 1/1/2026, the employer base composite monthly contribution will be based on the change in medicare part B premiums from 2024 to 2025 and at a two-year lag thereafter. Sets the employer base composite monthly contribution effective 1/1/2025 at 5.2 per cent, which equals the ten-year annualized growth rate, of the 2024 employer base composite monthly contribution. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
Report Title:
Hawaii Employer-union Health Benefits Trust Fund; Employer Base Composite Monthly Contribution
Description:
Provides that effective 1/1/2026, the employer base composite monthly contribution will be based on the change in medicare part B premiums from 2024 to 2025 and at a two-year lag thereafter. Sets the employer base composite monthly contribution effective 1/1/2025 at 5.2 per cent, which equals the ten-year annualized growth rate, of the 2024 employer base composite monthly contribution.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.