We ALL laughed; look who got the last laugh

[MarylandMark]

http://www.youtube.com/watch?v=P36x8rTb3jI

We all laughed....

She knew all along...

I heard the Psychic Friends Network wanted to hire her but she said "Whys work- I gets my chit fo free!

 

[Wrinkleface]

Wow, gas all summer in my boat on the new Prez!!! That is so cool!!!:boxing_smiley::dupe:

 

[Davidmnc]

Stupid *****

 

[MarylandMark]

Get get George an $800K house. Then he can claim pimpin ani't easy and get the payments reduced. Think about it- with your new "fighting chair" office he'll need his own crib when your gone.

 

[insanity]

:dupe: I give up, where do you sign up for welfare?

 

[Wrinkleface]

:dupe: I give up, where do you sign up for welfare?

U can't go on welfare, U gotz 2 work 2 pay 4 somebody else 2 B on welfare!! WTF were U think'n??????????:26::seeya:

 

[Wrinkleface]

Get get George an $800K house. Then he can claim pimpin ani't easy and get the payments reduced. Think about it- with your new "fighting chair" office he'll need his own crib when your gone.

maybe he can live w/ the chick in the vid & get free food!!!!!:boxing_smiley:

 

[BBB725]

I had a layed off employee call and ask how the stimulus package was going to effect his COBRA

 

[Wrinkleface]

I had a layed off employee call and ask how the stimulus package was going to effect his COBRA

He has a pet snake????????????????????:26::rofl::biggrinjester:

 

[MarylandMark]

How many have you had to cut that were good workers?

What does COBRA cost the boss? It is a % of what it cost or a flat cost?

 

[BBB725]

How many have you had to cut that were good workers?

What does COBRA cost the boss? It is a % of what it cost or a flat cost?

Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions in 1986. The law amends the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code and the Public Health Service Act to provide continuation of group health coverage that otherwise would be terminated.

COBRA contains provisions giving certain former employees, retirees, spouses and dependent children the right to temporary continuation of health coverage at group rates.



It depends on your age, if your young 35 and under no big deal but if your over 50 big deal. A single cost me about 300 a month, being 30 you could get close to that but over 50 would cost 700 a month. We try to give our employees a break on the family which is where I would get killed. I currently offer a family for about 900 a month and I pickup the first 500. Going on your own would be closer to 1500 a month, and people that pay the COBRA use it big time!

 

[MarylandMark]

Ouch! I knew what it was; just was not sure what the real cost were.

I heard my companies medical/dental/vision package cost around $8500 a year for one, around $16K a year for family of 4. They say it is "free" since we don't have pay anything for them but I prefer to think of it as part of my compensation package and would earn $10K more a year if I didn't get them. After family of 4 you can either go "cafeteria style benefits" and pick lower coverages or pay out of pocket for them.

 

[BBB725]

Ouch! I knew what it was; just was not sure what the real cost were.

I heard my companies medical/dental/vision package cost around $8500 a year for one, around $16K a year for family of 4. They say it is "free" since we don't have pay anything for them but I prefer to think of it as part of my compensation package and would earn $10K more a year if I didn't get them. After family of 4 you can either go "cafeteria style benefits" and pick lower coverages or pay out of pocket for them.

Free? That's a joke as the owner of the company it's considered income and I have to pay taxes on it! You heard it correct, it's free to all my employees but considered income to me, god I love the IRS!

 

[BBB725]

One more thing on COBRA, the employees have 45 days from termination to make the decision if they want it and 60 days to pay, so it's free insurance for 45 days.

 

[MarylandMark]

McCain wanted to tax the employee that was receiving the benefits. About the only idea I was not a fan of...

 

[MarylandMark]

and didn't your girl Penis-loci just make it 18 months vs whatever it was before?

 

[BBB725]

and didn't your girl Penis-loci just make it 18 months vs whatever it was before?

Up to 18 months for covered employees, as well as their spouses and their dependents, when workers otherwise would lose coverage because of a termination or reduction of hours.
Up to 29 months is available to employees who are determined to have been disabled at any time during the first 60 days of COBRA coverage and applies as well to the disabled employee's nondisabled qualified beneficiaries.
Up to 36 months for spouses and dependents facing a loss of employer-provided coverage due to an employee's death, a divorce or legal separation, or certain other "qualifying events".

 

[sledge]

"Going on COBRA" doesn't cost the employer anything if they don't pay for it. All it does is allow the (ex) employee to continue the coverage they had with their employer "IF" the employee wants to pay for it. There's also the provision that the ins co/administrator can tack on up to 2% fee for the privilege. If the ex-employer offers to pay any of the "COBRA" premiums, that's a very nice employer. For employees that had their medical coverage subsidized, it can be a big shock to see just how much their insurance was costing their employer. But nowadays, depending on the situation, a lot of people can get personal/private insurance for cheaper than what their employer was paying. Employers are getting ripped by medical insurers and third party admins these days.

Also, you aren't taxed on the medical benefits portion of your income. Well, not federal income taxes at least; FICA, maybe state.

 

[BBB725]

"Going on COBRA" doesn't cost the employer anything if they don't pay for it.
Also, you aren't taxed on the medical benefits portion of your income.

Wana bet?:sifone:

 

[sledge]

I'm not a gambling man generally but I enjoy the opportunity to learn.

How are you incurring expenses for COBRA participants?

I'm no personal tax expert, but this section of IRS Pub 502 seems to indicate that medical insurance premiums are deductible: http://www.irs.gov/publications/p502/ar02.html#en_US_publink100014829
Unless you fall under an exception...of course...

EDIT: Oh phuck, just read up on the stimulus bill and see the COBRA subsidy. OK, that's a killer.