Hawaii HB1547 establishes tax credits for insurers offering high deductible health plans paired with health savings accounts, with higher incentives.

Hawaii HB1547 aims to expand affordable health coverage options by providing tax credits to insurers offering federally qualified health savings account-eligible high deductible health plans. The bill offers enhanced incentives for insurers writing plans in rural and medically underserved areas. Insurers must match up to a certain amount of a policyholder's first-time contribution into a health savings account. The tax credit is nonrefundable and can be claimed against the taxpayer's net income tax liability.

Hawaii HB1547 establishes tax credits for insurers offering high deductible health plans paired with health savings accounts, with higher incentives.

Hawaii HB1547 aims to expand affordable health coverage options by providing tax credits to insurers offering federally qualified health savings account-eligible high deductible health plans. The bill offers enhanced incentives for insurers writing plans in rural and medically underserved areas. Insurers must match up to a certain amount of a policyholder's first-time contribution into a health savings account. The tax credit is nonrefundable and can be claimed against the taxpayer's net income tax liability.