Hawaii Small Business Health Insurance

Specific Hawaii health insurance laws govern the purchase of small business and self-employed health insurance. Often these types of health insurance policies are easier to qualify for than an individual health insurance policy, even if you are not in the best of health. But you must be eligible.

This guide:

  • Describes small business health insurance laws in Hawaii.

  • Briefly explains self-employed Hawaii health insurance.

  • Alerts you to a beneficial tax deduction.

We also have a guide to Hawaii health insurance for families and individuals.

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Hawaii small business health insurance regulations

According to Hawaii health insurance laws, small group health insurance must be sold to any small business. In addition, a small business with 2 to 50 employees must be offered the same Hawaii small business health insurance policy the insurance company sells to other small businesses.

Although Hawaii health insurance laws regulate eligibility for Hawaii small business health insurance, the price isn't too heavily regulated. Premiums can vary due to the group's health status, age, gender, and other characteristics, but there are companies that do not base the cost of the premiums on these factors.

Finally, an insurance company is prohibited from cancelling a Hawaii small business health insurance policy because an insured employee becomes ill.

Self-employed Hawaii health insurance

States handle health insurance for the self-employed differently. In Hawaii, if you are the sole employee and owner of a business, you can not purchase an Hawaii small business health insurance policy.

If you have more than one employee, you qualify to purchase Hawaii small business health insurance.

As a self-employed individual, you are solely responsible for purchasing your health insurance. However, there is one great advantage. You can claim this cost on your taxes.

If you buy you own health insurance, you can deduct a portion of your Hawaii health insurance premiums from your taxes. By itemizing your deductions, up to 80% of your premiums can be deducted.

More HI small business health insurance help

If you want more help getting the a good health insurance policy, read our guide to small business health insurance.

To find out more about HI group health insurance laws and regulations, visit the official website of the Hawaii Department of Commerce and Consumer Affairs, Insurance Division.

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