What are the requirements to establish a private plan in Hawaii?
If an employer determines their insured Hawaii TDI Plan provides a poor cost/benefit ratio for their company and it would be advantageous for their company to establish a self-insured private plan, the employer can establish such a plan if they meet the following state requirements: • The employer must provide a plan that offers benefits at least equal in all respects to the state plan TDI requirements. • The employer may charge the employees the TDI contributions allowed under the TDI law (or less), but may never charge the employees more than the state law allows. • An insured policy must be in place before self-insurance will be granted. • The employer must state the location of the claims paying facility. • The employer must also submit a copy of their annual financial report. To self-insure TDI, the State may require a surety bond depending upon the employer’s financial status. • No employee enrollment is necessary. All eligible employees must be covered by the private insured or
