Honolulu Group Health Insurance

Honolulu HI Large Group Health Insurance Plans

Hawaii’s rules concerning employer-provided health insurance are more comprehensive than any other state, so Honolulu businesses must abide by these more generous provisions. In Hawaii, every company with one or more workers must provide coverage to almost every employee. The only exceptions are:

  • Part-time workers (less than 20 hours per week)
  • Seasonal agricultural employees
  • Insurance or real estate salespersons paid only by commission
  • People under age 21 working for a parent
  • Other people working for a family member

Insurance plans must be approved in advance by the Hawaii Department of Labor and Industrial Relations. The employee’s share of the cost is limited to 1.5 percent of their wages (salary, tips, commissions, and the value of non-cash compensation) or half of the insurance cost, whichever is lower.

The Hawaii Prepaid Health Care Act, which predates the ACA, also regulates minimum benefits, deductibles, co-payments, and out-of-pocket maximums. Self-insurance is possible but can take longer to receive approval. Also, Hawaii regulators rarely approve high deductible plans.

Honolulu HI Small Business Health Insurance Plans

Since the Hawaii Prepaid Healthcare Act (HPHCA) includes businesses with even one employee, every company must follow the rules. Family businesses can file requests for exemptions. Also, employees can opt out if these conditions apply:

  • Part-time employees with coverage through another employer or as a dependent
  • Employees covered by a federal healthcare plan or receiving state-sponsored healthcare coverage
  • Employees who rely on prayer or other spiritual means for healing

Small businesses in Hawaii may benefit from the tax credits and other resources provided by the ACA, which Hawaii companies must also comply with.

Dial 800-903-6066 and get free consultation on Honolulu Group Health Insurance & Employee Benefit Plans

Honolulu HI Small Business Health Insurance Plans

Honolulu, HI Employee Benefit Plans and Employee Benefit Packages

Employee benefits are recognized as a vital aspect of employee compensation. Workers evaluate the difference in offerings when comparing job opportunities. Benefits can include crucial components such as health insurance, life insurance, disability coverage, paid time off, and assistance with retirement savings. Employers must provide health insurance if they have more than fifty workers, but other benefits are optional. The ones that employees put highest on their wish lists are:

  • Paid time off (vacation, holiday, and sick leave)
  • Family leave
  • Retirement support
  • Dental and vision insurance
  • Flexible working schedules
  • Childcare support

Are you looking for a Honolulu Group Health Insurance & Employee Benefit Plans? Click the quote button to get an instant quote.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.

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