Posts Tagged - ‘hawaii’

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Hawaii Pays Half Of Health Insurance Premiums For Small Businesses

Wednesday, May 19th, 2010

Image: JoshBerglund19 under CC 3.0

Here’s a new way to encourage job creation: pay a large part of new hires’ health insurance premiums. Hawaii is doing that, largely through funding received from the healthcare reform law.

Small business owners believe that Hawaii Premium Plus is a program that will allow them to afford hiring more workers, since they will spend less in total on group health insurance coverage. Governor Linda Lingle touts it as a strategy for reducing the state’s unemployment rate by one percent. However, some skeptics are unsure if slightly under $11 billion is sufficient funding for such a program.

For each new hire between May 1st, 2010 and April 30, 2011, the program will reimburse employers $1,680 per year. Companies with under 50 employees are eligible, though the program may be expanded if it fails to meet the cap of 6,450. It is intended to increase the number of legal residents who are both employed and have Hawaii health insurance.

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