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Hi my friends today I just want to share with you a few minutes on how to figure out how much your Cobra would be, and I've known a Cobra stands for, but it's not the snake it's when you leave your work you have legal obligate to continue your employer health insurance for 18 months after you separate from service this is because of the Kennedy Nussbaum bill 1995 or 1996 Kennedy of course the whatever, but Nancy Nussbaum was a very moderate Republican center woman from Kansas as a matter of fact and so the Kennedy Nussbaum was a big deal back in 1996, so you know Otto and turns out to have actually been quite important top you thought it wasn't going to do anything so when you leave your employer you know for a fact that you can maintain your employer-sponsored health coverage that is a fact for 18 months now your employer is not obligated to contribute anything to it, so it'll be all on you plus a 2 percent premium all right that's just how it works, so basically you're saying alright if I'm paying 350 a month for health insurance through my employer to cover my entire family which is what we were paying how much do you think more will be when you leave, and you separate from service, and you got pay the whole bill and that's where some surprises could happen, and so I'll just share with you how you figure this out you take your w-2 actually got your w-2 form and I don't want to show you mine I know if you can see that you w2 and this is from 2016, and then you just look at your w-2 for the year-end, and you go to line 12 see all right so 12c ardor it actually should be a DD all right Delta, so you're looking for what out, and I'm sure it's going to be 12c, but you're looking on line 12, and you're looking for d and that if you slip it over to the back end here DD will say that is going to be a cost of employer sponsored health coverage alright so for me in 2016 the entirety of the cost was twenty-one thousand six sixty-nine, so we take twenty-one thousand six sixty-nine times by one point o2 and there's going to be twenty-two thousand right there was I had to pay that was just ran the tooth sixteen at the end of 2017 was more, so I was paying 2000 a month so the entirety of my health coverage when I left USA before us paying 350 bonds and that's how much USA was subsidizing the total cost of my health insurance that's what sixteen hundred fifty dollars a month and I could vision a good dental and a good health that's a pretty significant hit I was stunned to say the least so when I left work I was paying 350, and then it went to Cobra I was paying a hell lot more than that I mean that's just a fact, and you can see them again look at mine twelve of yours of your w-2 and look at line and where it says DD and that's going to be your employer cost the employer how much it cost an employer for you to provide you for health insurance I also have line a just as a designated Roth contribution all right, so I had a and also had number C which was a...
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