that would not only be another incentive for those hoping for VRBP to stick around which might be good or bad, but also an incentive for everyone to want a leaner, meaner, focused ship. the much maligned directors and managers would also be more incentivized to help find some good paths forward.
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Thanks for the good info.
I'm told by experts that any ACA under/over payments are ultimately reconciled on your tax return based on your taxable income for the period in which ACA was used.
Will find out this year.
The problem is that you could have formerly had a good income and then you lose your job. Whatever info the ACA people use to calculate what you can afford is no longer valid. But if it's sitting there, assuming they have some kind of look back period they use to establish what your cost should be, I could see how that would mess things up.
Just looked it up - required contribution to an ACA plan premium is currently capped at 8.5% of income, for a silver plan
https://www.kff.org/affordable-care-act/issue-brief/explaining-health-care-reform-questions-about-health-insurance-subsidies/
"You’re in for a rude awakening if you think an ACA plan is going to be affordable. The cheapest plans (which don’t cover much, you’ll find by experience) are $1600 a month with a deductible of $7000 ($14,000 max for your family)."
Actual qualified ACA plan premiums on the exchange are capped at a pct of income.
My son got a fully subsidized individual 'silver' plan (nominal premium $450; actual premium: $0). That plan was roughly similar in coverage to what he was getting before he aged off my SAS plan
If you are paying $1600 month you either are making too much to qualify for the subsidies on the exchange or - more likely (and ironically) - are making too LITTLE and live in one of the states where the GOP refused to take the Medicaid expansion.
@4psn+1rqcJxlm "When you're suddenly unemployed in the US, you realize how good Canadians and Europeans have it with free national health care."
Lived in the UK for several years. Be very careful what you ask for...
Nothing is free.
"When you're suddenly unemployed in the US, you realize how good Canadians and Europeans have it with free national health care."
@4psn+1rqcJxlm "When you're suddenly unemployed in the US, you realize how good Canadians and Europeans have it with free national health care."
This position confuses health care INSURANCE with heath care SERVICES. It is one thing to have free "coverage", and quite another to receive actual care. You might sit and wait months before you receive the services, assuming that you are still alive when it is finally your turn.
Health INSURANCE does not equate to health CARE.
"Why is the person who explained the ACA getting downvoted? All of us should be thankful we never needed to know how it worked or what it cost."
What they said was accurate. I had the unpleasant opportunity to look at ACA twice, once in 2021 and once recently. Both times I remember thinking to myself, "Affordable for who?".
Why is the person who explained the ACA getting downvoted? All of us should be thankful we never needed to know how it worked or what it cost.
When you're suddenly unemployed in the US, you realize how good Canadians and Europeans have it with free national health care.
The operating principle for ACA being cost effective is that you have little-to-no debt, a large savings and/or near retirement such that your taxable income does not put you in a category where ACA premiums are high, or you are required to repay the subsidy.
For older workers near retirement this may be and hopefully is reality.
You’re in for a rude awakening if you think an ACA plan is going to be affordable. The cheapest plans (which don’t cover much, you’ll find by experience) are $1600 a month with a deductible of $7000 ($14,000 max for your family).
If your income is low enough, you will qualify for a subsidy to cover some or all of those monthly premiums, but what about the deductible? No help there. How can someone with truly low income survive a hit like that if a big medical issue pops up?
And if you suddenly make more money by the end of the year, you’ll have to pay back the premiums subsidy. My best friend got a bill for 13k because she landed a big freelance project at the end of the previous year and had to pay back her subsidies.
All the employees who for years turned a blind eye to the screams of the people stuck with this scheme are going to suddenly realize what a sham it has been. Good luck to all of you with your health coverage. You’re going to need it.
In addition to getting your resume in order, I strongly suggest that you immediately make appointments for any medical services for which you are eligible (dental, eye, new glasses/contacts, blood labs, etc.) while you're still covered by your BCBS insurance. If you have family members covered under your policy, they need to do this as well. Don't wait. Do it now.
SAS will not IPO. They will be acquired. Get your resumes ready when that happens.
The COBRA premium for BCBS Medical, Dental, and Vision was about $1,900/month in 2021. So yes, Affordable Care Act (ACA) plans providing less coverage are cheaper.
Medicaid Expansion might be an option for those with no or very low income.
Depending on your situation it may be a lot less expensive to do ACA and simply go out-of-pocket for things like dentistry. I retired prior to Medicare and ACA has worked out well — much more affordable than COBRA would have been.
Someone asked if COBRA is a continuation of the regular SAS health insurance. It is. I took a couple of months of COBRA after I accepted the VRBP in 2021 (which included a generous HRA).
Cobra is 18 months.
@2dcf+1rqcJxlm - Yes, that’s correct
I suspect I may be in the next round…
To someone laid off: I assume that if you buy cobra it is basically a continuation of your existing insurance? Other than you paying all out of pocket, is it the same plan with is no difference in coverage, deductibles, fsa, out of pocket max, etc?
IPO readiness = public readiness (from a GAAP acctg and finance perspective) = more attractive acquisition by public co.
As I understand it (and many others have stated), the financial disentanglement that’s needed for an IPO would also be needed to entice a corporate buyer.
genuine question. what are the IPO readiness efforts, untangling accounting, and separating assets like Innovation Air really for if not for IPO readiness? Prepping to pass down assets to descendants more cleanly? PR distraction? True belief in a pipe dream? Something else?
Untangling to make things compliant with generally accepted accounting principles. Having all the different corporations (SAS JMP Umstead Cary Academy etc) commingled in accounting was apparently a nightmare mess. No wonder Broadcom ran the other way.
Our friends who just got laid off got more from severance than any employee will get from stock options.
Untangling accounting for the heirs? Or to sell?
What 'feeds a momentum story' for an IPO is revenue growth. That's it. nobody cares about the big campus that's now mostly empty, the shuttered cafes, the dried-out husk of the formerly famous corporate culture. It's all irrelevant and a drain on expenses to investors.
what signs do you see that $20 invested in SAS today would be worth $40 a year from now? if the answer is none, congratulations, you now understand why there will never be a SAS IPO. 'IPO readiness' is a cover fpr needing years to untangle the mess of the accounting and record keeping. nothing more.
what would a roadshow look like? it would look like the corporate events we already put on. so yeah how about no.
Two points:
- Some SAS employees likely remember their dismal investment experience with Midway Airlines.
- If there was great money to be made and a willing seller, seems that the Broadcom deal would have come to fruition.
OP: Nice try however. Keep trying.
Anybody looking at comparable stocks to a theoretical SAS IPO?
Looking like it would come out as a small cap or low mid cap. 3 year revenue growth history won’t be a great story. I don’t think that the “CEO still codes” or other standby SAS narratives (M&M’s, nice campus, etc.) feed a momentum story.
Closest thing I can find is PEGA, but it’s P/E vs forward P/E is 94 vs 23 with PEG over 6, 3x NVDA. That’s some serious growth projections. Can SAS project growth like that at IPO time? What would the pre-IPO road show look like?
You are just trolling all the people on here who “know”. Prepare for loads of uninformed bs.
The words not a snowball's chance come to mind.
SAS will be sold and we won't get anything except for an inferior severance package when we are cut loose.
I still think IPO is real and likely - key is getting the metrics right before launch.....and JG would need to be willing to listen to some 26 yo MBA on Wall Street
At this stage of my life/career, a VRBP is an incentive to go, but stock options are not an incentive to stay.
Yeah. Put on your grown up pants. All the 50+ year olds are sc--wed
IPO! lol!
Please do wake up. It will never happen.
Dream on.
If it was gunna happen, it woulda happened already
lol