Question

Susan recently quit working for a local firm and has yet to find a new job....

Susan recently quit working for a local firm and has yet to find a new job. She knows she can maintain her health insurance from her old employer due to COBRA. How much will it likely cost her for health insurance if she previously paid ​$200200 per month and her employer paid an additional ​$325325 per month for her health​ coverage?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

She now has to pay per month amount of $200 + $325 = $525

Please do rate me and mention doubts in the comments section.

Add a comment
Know the answer?
Add Answer to:
Susan recently quit working for a local firm and has yet to find a new job....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Susan is an auditor at a small public practice accounting firm, Smith & Warren LLP, and...

    Susan is an auditor at a small public practice accounting firm, Smith & Warren LLP, and receives the following during the year: Salary: $80,000 Holiday gift basket: $350 value Annual membership at local gym: $1,750 value (Susan uses this membership for personal use only) Life insurance premiums paid by employer: $1,100 Private health care insurance premiums paid by employer: $975 In addition, Susan incurred the following expenses during the year, for which she was not reimbursed: CPA Professional Dues (professional...

  • H recently quit a national public accounting firm and purchased the practice of a local accountant....

    H recently quit a national public accounting firm and purchased the practice of a local accountant. Her first busy season with this new set of clients has been eye opening. Some of the taxpayers have been taking very questionable positions on certain recurring items. Somewhat paranoid, H is now quite concerned about incurring penalties. What can she do to guard against possible preparer penalties?

  • In 2013, Maria was a 46-year-old Latina who worked three part-time jobs to make ends meet....

    In 2013, Maria was a 46-year-old Latina who worked three part-time jobs to make ends meet. Because she worked part-time, Maria did not receive insurance coverage through her employer. Because she earned over 150% of the poverty level, she did not receive public health coverage. That year, she developed a sore on her finger that began oozing pus. She tried soaking it at home, but it did not improve. Maria continued to work all of her jobs until one day...

  • Product Safety and (Preemptive) Recalls Susan has recently been made product manager of PediaBoost, a nutritional...

    Product Safety and (Preemptive) Recalls Susan has recently been made product manager of PediaBoost, a nutritional supplement in her company’s infant product line. PediaBoost has been on the market for more than two decades, is FDA approved, and is considered so reliable by the parents of newborns that the PediaBoost brand name is considered as synonymous with nutritional supplements for infants. Market research has discovered that adults are now using PediaBoost as a supplement during detoxification diets/flushes that are considered...

  • Spouse Details - Michelle Hart             Corey’s wife, Michelle, quit her full-time job with Queensland Health one...

    Spouse Details - Michelle Hart             Corey’s wife, Michelle, quit her full-time job with Queensland Health one year ago and enrolled full-time in a Bachelor of International Studies degree at Griffith University. Michelle also has a small part-time job working ten hours per week at a local Toowong coffee shop.             Michelle’s assessable income for the 2018 income year consisted of gross wages totalling $12,180 (this amount includes PAYG withholding tax of $1,420 deducted) and interest income of $26. Michelle also received...

  • Mpumi Madonsela has recently qualified to be a Chartered Management Accountant and she is working at...

    Mpumi Madonsela has recently qualified to be a Chartered Management Accountant and she is working at one of the big four accounting firms. Due to the limited salary of an article clerk, Mpumi did not contribute to any provident fund. Fortunately for her, the firm contributed to a pension fund on her behalf. She was not content with only a pension fund but was adamant that she wanted a provident fund to supplement her very extravagant life style. Mpumi decided...

  • Do The Math 11-2 Health Care Event Protection Christina Haley of Elko, Nevada, age 57, recently...

    Do The Math 11-2 Health Care Event Protection Christina Haley of Elko, Nevada, age 57, recently suffered a stroke. She was in intensive care for 3 days and was hospitalized for 10 more days. Her total bill for this care was $129,500. After being discharged from the hospital, she spent 25 days in a nursing home at a cost of $250 per day. Christina, who earns $4,500 per month, missed two months of work. Christina had a health insurance plan...

  • Case 4-1. You are working with a new graduate who comments that she never did understand...

    Case 4-1. You are working with a new graduate who comments that she never did understand the various types of insurance and who they typically insure. She asks you to help her understand which one of the following insurance plans they are most likely enrolled in. Medicare, Medicaid, Commercial Insurance, Tricare, Worker's compensation. What insurance company will cover each individuals below? A 72 years old male with diabetes...................... A 45 year old female with end stage renal disease................... A newborn...

  • Mpumi Madonsela has recently qualified to be a Chartered Management Accountant and she is working at...

    Mpumi Madonsela has recently qualified to be a Chartered Management Accountant and she is working at one of the big four accounting firms. Due to the limited salary of an article clerk, Mpumi did not contribute to any provident fund. Fortunately for her, the firm contributed to a pension fund on her behalf. She was not content with only a pension fund but was adamant that she wanted a provident fund to supplement her very extravagant life style. Mpumi decided...

  • 9. Olivia is 30 years old and has just changed to a new job. She has...

    9. Olivia is 30 years old and has just changed to a new job. She has $37,500 in the retirement plan from her former employer. She can roll all of that money into the retirement plan of the new employer. She will also contribute $400 at the end of each month ($4,800 per year) into her new employer's plan. If the rolled-over money and the new contributions both earn an annual return of 5.85%, compounded monthly, how much should she...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT