Hawaii HB1040 adjusts the base composite monthly contribution for the Hawaii Employer-Union Health Benefits Trust Fund starting in 2026.
Hawaii HB1040 amends the Hawaii Revised Statutes to adjust the base composite monthly contribution for the Hawaii Employer-Union Health Benefits Trust Fund. Beginning January 1, 2026, the contribution will increase by 5.2 percent from the amount in effect on January 1, 2025. For subsequent plan years, the contribution will be adjusted based on the percentage change in the Medicare Part B premium rate from the previous plan year. This change aims to align the fund's contributions with Medicare's premium rates.
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