Electronic Premium Deduction
New Recurring Electronic Premium Deduction Requirement for Retirees (Act 62, SLH2020)
If you retire on or after October 1, 2020 and are responsible to pay for a portion of your monthly health benefits premium, you are required to enroll and complete one of the following recurring electronic premium deduction options:
- ACH Deductions from your bank
- Employees’ Retirement System of the State of Hawaii (ERS) Pension Deductions
If you are planning to retire, please see the Pre-Retirement Checklist for other documents that needs to be submitted. If a deduction authorization form is not received within 60 days of your retirement date (45 days for other life events, 180 days for birth), your enrollment will be rejected. If you submit your deduction authorization form 60 days after your life event, your enrollment request will be processed retroactive to the effective date of your life event. You will be responsible for premiums retroactive to the effective date of your life event.
Rejected Recurring Electronic Premium Deduction
As detailed in EUTF Administrative Rule 4.14(c), if your premium deduction is rejected for any reason (i.e. bank account on-file is closed, insufficient funds, etc.), you will be given 30 days to submit a valid ACH or ERS pension authorization form in order to reestablish your recurring electronic premium deductions. If we do not receive a new ACH or ERS pension authorization form within 30 days, your health benefit plans will be terminated retroactive to the last paid-in-full period. If you have not been cancelled previously within the last 12 months for the same reason, you can be retroactively reinstated into your health benefit plans if a valid ACH or pension authorization form is received within 60 days of the notice of cancellation. You will be responsible for premiums retroactive to the effective date of your life event.