08-14-2009, 10:00 PM
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CC Member
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Join Date: Feb 2008
Location: Jacksonville,
FL
Cobra Make, Engine: Kirkham #570 w Shelby FE
Posts: 1,009
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Not Ranked
Quote:
Originally Posted by BeanCounter
Ronbo, you're mistaken that you are paying 65% of their first 9 months Cobra. Credits for that 65% are being given to you through your payroll taxes that you pay in. The government is footing the bill on that. I know since my daughter is on COBRA and I set up all of the reporting for Blue Cross here in Kansas City.
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You are correct, I'm supposed to get the money back. But it's just more headache and expense I have to bear for supplying medical insurance to my employees. Not to mention the Insurance co. also has to deal with it to some extent which adds to the cost.
I have no doubt all this stuff over the last 20+ years (by both parties) has been leading to this end. Congress robbing SS blind (should rename it Retirement Poverty) wasn't enough now they need to steal your medical $$. Guess when they saw all the income going into 401k's they figured they left us with too much money.
Of course I haven't touched on the major screwing from workman's comp. it's so bad most insurance companies won't even write it.
Last edited by Ronbo; 08-14-2009 at 10:05 PM..
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