HAR §14-51-32

HAR §14-51-32. Funding limitation

Last amended: 1989Length: 91 wordsOfficial source

Cite as Haw. Code R. § 14-51-32

Compensation reduction shall be limited to the amount of eligible expenses in any period of coverage. Except in the case of the occurrence of an event defined in section 14-51-24(a), an employee cannot change an election during a period of coverage. In the event the required employee monthly contribution level necessary for continued coverage under a component plan changes during a plan year, the actual amount of compensation reduction will be changed by an identical amount. [Eff. DEC 15 1989 ] (Auth: SLH 1989, Act 63) (Imp: SLH 1989, Act 63)