SB1645

Hawaii SB1645 amends insurance contracts to ensure physician reimbursement for increased costs and inflation.

Hawaii SB1645 amends Chapter 431:14G of the Hawaii Revised Statutes to modify insurance contracts between mutual benefit societies and physicians. The bill mandates that new or renewed contracts for fee-for-service plans must include reimbursement for physicians' increased overhead costs, cost of living increases, and inflation-related costs. Additionally, it requires a ten percent increase in reimbursement rates every five years for physicians in service. This change takes effect after December 31, 2025, and does not affect existing rights, duties, penalties, or proceedings.