[Scott S]

First start I don't do the paperwork side of my company my wife does so if I get this a bit wrong forgive me.

The new plan as I understand it is the government will pick up 65% of the insurance costs if we lay off or fire an employee. The employee pays me his portion or 35%(around $150) I pick up the remainder and send the money to the insurance company.

The government will allow me to reduce my payroll reporting(form941) by the amount I payed to the insurance company. What happens if all my guys get laid off and want Cobra coverage? I will have no payroll taxes to report, so no reimbursement until when? No plans yet for that....

There are already new companies being formed to deal with this new plan, I thought about it for less than a minute and came up with several ways to scam it.

Have any of you gone to a seminar by your insurance company yet?

Scott S