Bill > HB1040

This bill modifies the Hawaii Employer-Union Health Benefits Trust Fund's base composite monthly contribution calculation method. Starting January 1, 2026, the bill mandates a 5.2 percent increase to the employer base composite monthly contribution that was in effect on January 1, 2025. After this initial increase, future adjustments will be calculated by comparing the Medicare Part B premium rates from the previous two consecutive years. Specifically, the adjustment will be determined by dividing the Medicare Part B premium rate at the beginning of the previous plan year by the rate in effect in the year prior to that. The bill defines the "Medicare Part B premium rate" as the rate published in the Federal Register each year on or near November 1, after being established by the U.S. Secretary of Health and Human Services and approved by Congress. While the bill includes a technically impossible effective date of July 1, 3000, this is likely a drafting error, and the intended effective date is presumably July 1, 2026 or another near-future date.

Budget and Finance, Labor and Employment

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1040&year=2026