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Old 09-10-2009, 09:45 AM
SPF2245 SPF2245 is offline
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Join Date: Nov 2006
Cobra Make, Engine: Superformance MIII, Roush 427
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SEC. 313. EMPLOYER CONTRIBUTIONS IN LIEU OF COV15
ERAGE.
16 (a) IN GENERAL.—A contribution is made in accord
17ance with this section with respect to an employee if such
18 contribution is equal to an amount equal to 8 percent of
19 the average wages paid by the employer
It goes on about the remaining balance is to be covered by employee based on a point/ratio program based off your income. Make more the 100K, you get no credits (meaning you are liable for the difference, for me it was ~$7,200. That is $600 month, I currently pay $120 a month...I'd say I'm paying MORE, but my liberal math skills have been known to lie!)

Next,
Page 28 deals with cost sharing, I'm at the $10K mark per this bill...whoo-hoo, my max out of pocket was at $1K. I could be wrong, but I believe the bill is more or less a 70/30 plan on coverage (I'm a 80/20 currently). So, in the end...I might be able to keep my current insurance, but it will cost me more. If not, I'm forced to either pay more for some other plan to keep my current coverage or accept less and live with it.

And with that, I'm out...thanks for the fun.

Last edited by SPF2245; 09-10-2009 at 09:53 AM..