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B <br /> N 0 <br /> ■ a ■ <br /> 1 The legislature also finds that self-insured or self-funded plans have a number of potential <br /> 2 advantages over fully insured plans. The legislature further finds that many states administering <br /> 3 self-insured or self-funded employee health care plans have been able to lower costs while still <br /> 4 maintaining a high level of health benefits. <br /> 5 Hawaii's employer-union health benefits trust fund is currently fully insured rather than <br /> 6 self-insured. However, health care premiums have risen rapidly over the last decade. Therefore. <br /> 7 the legislature believes that it is both prudent and essential that the State examine whether <br /> 8 converting the employer-union health benefits trust fund to a self-insured model will result in cost <br /> 9 savings. <br /> 10 The purpose of this part is to authorize and direct the Hawaii health authority to contract <br /> 11 for the provision of healthcare benefits to state and county employees using a self-insured model. <br /> 12 SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the <br /> 13 sum of$ or so much thereof as may be necessary for fiscal year 2021-2022 for the <br /> 14 purposes of this part. <br /> 15 The sum appropriated shall be expended by the Hawaii health authority for the purposes of <br /> 16 this part. <br /> 17 SECTION 3. The legislature finds that as of July 2, 2015, the unfunded portion of the <br /> 18 actuarial accrued liability of the Hawaii employer-union health benefits trust fund was <br /> 19 $11.772.008,000. This is $969,745,000 more than the total revenues for the State for fiscal year <br /> 20 2015. <br /> 5 <br />