Allows a retiree who moves outside of the coverage of the EUTF to be reimbursed for the lesser of an amount equal to the amount of the personal health insurance policy or contributions for the most comparable EUTF plans for the retiree. (SB2021 HD1)

A BILL FOR AN ACT

SECTION 1. Chapter 87A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§87A-   State and county contribution; reimbursement for retired employees. Effective July 1, 2007, an employee-beneficiary who retires and relocates outside of the state shall be reimbursed for the premiums paid by the employee-beneficiary for a personal health insurance policy; provided that the board shall determine which employee-beneficiaries and what types of personal health insurance policies shall be eligible for reimbursement and may set other conditions that shall be met to receive the reimbursements provided under this section. The reimbursement shall be the lesser of the actual cost of the personal health insurance policy or the amount of the state or county contribution for the most comparable health benefits plan. Reimbursements shall be paid by the fund on a quarterly basis upon the presentation of documentation that the premiums for the personal health insurance policy have been paid by the employee-beneficiary. This section shall apply to all retirees regardless of their date of retirement."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2007.