Premium Reduction Calculation for 2009 Stimulus COBRA
Posted on February 20th, 2009 by Travis.Development | 29 comments »
Category: 2009 Stimulus
Topics: premiums
Category: 2009 Stimulus
Topics: premiums
Based on details provided by our administrators and government representatives during a conference call, here are several scenarios on how both TravisCobra and WebCOBRA will calculate premium reductions for the Stimulus Plan.
The general way to think about this is the 65% subsidy states that the premium should be considered paid for if the QB pays 35% of the premium. We’ll define the “premium” as the total due, so that includes the admin fee and normal employer subsidies.
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