Quote:
Originally Posted by 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
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If 35% = $150., that tells me you are talking about your group insurance health insurance premium for family coverage. $430.
Insurance under Cobra could easily run double that or more.
Ahh, some details still to be worked out,,,,,,,,,, The Obama mantra....
Dan