How it works if you are on unpaid leave: example using 2015-16 rates
full BOE cost = $22,988 medical and dental
our share = $22,988 x 18% = $4138 divided by 12 = $345/month taken out of 20 pays at rate of $207 per pay
- we pay up front (by our last pay at start of June) for June, July and August
Cobra price would be $22,988/12 = $1916 per month.
- if you were going out on child rearing leave at end of April, you would have worked 8 months under our plan. $345 * 8 = $2760 taken out of your pay
- That would leave 4 months under COBRA: May, June, July, Aug
- $1916 * 4 = $7664 would be what you would owe for the 4 months