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Author Topic: Insurance Computation  (Read 10421 times)

KS Step Mom

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Insurance Computation
« on: March 28, 2012, 10:41:36 PM »
I'm sure I just don't get the math part of this; but... I just used the newest guidelines worksheet in excel. My husband used to pay $83 for insurance for the kids. THe custodial parent paid $30. I put these numbers, along with all other numbers, into the spreadsheet and it came out that we would owe $1062/mo.

Now the insurance has gone up for 2012. I put in the new number my husband pays. It has increased from $83/mo to $190/mo. Changing that alone only dropped support down to $1011/mo???

But if I take the custodial parent's $30 and drop it to $0/mo that she pays for insurance, that drops support down to $996/mo?  Can this be correct? My husband's monthly expense for the children DOUBLES and he barely gets $50/mo credit? But if she drops insurance on the kids, his obligation drops that much?

I guess I just don't understand the math.
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KS Step Mom

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Re: Insurance Computation
« Reply #1 on: March 28, 2012, 11:20:26 PM »

Also, we have two choices for insurance. Single and family. So family costs $190 more than single. We have 7 children covered by that insurance. We only pay support for 3 children. Do we divide $190 by 7 and multiply that by 3 to get the cost for those three children? Or is it calculated in support that we have to pay $190 simply because we have any children covered?
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Guru

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Re: Insurance Computation
« Reply #2 on: March 29, 2012, 05:32:41 PM »
I think everyone might do the insurance cost differently, but I would do just as you've described 190*(3/7).  Regarding the issue of insurance costs in the calculator, I'm not quite sure I follow you.  It could be an error in the sheet, but essentially all insurance costs for both parents are added to the overall support amount.  Then each parent is responsible for their Income Proportionate Share (IPS).  Then after the IPS is calculated, the actual payment for things like insurance is credited back.  Long story short, each parent ends up paying their own IPS of the insurance.  It should work like that anyway.

This is not shared custody right?  Your husband has parenting time, but is not the primary residential parent?
« Last Edit: March 29, 2012, 05:39:41 PM by Guru »
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KTM

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Re: Insurance Computation
« Reply #3 on: April 07, 2012, 09:22:55 AM »
The only 100% way to figure out the best option for you is to pay an attorney to do some calculations for you using the "Bradley software" program for support calculations that ALL of the attorneys and judges use when making decisions and creating Orders. Anything else is a guesstimation and may be misleading. These calculations are complicated and use many variables. I would not use any tool that is not used by the professionals. If they could get an accurate tool to use for free as provided here and elsewhere they would not pay the cost of $500+ to a private company for a more sophisticated tool.
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Guru

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Re: Insurance Computation
« Reply #4 on: April 08, 2012, 09:06:34 PM »
Calculation of the thrust vector, burn time, and acceleration for a Hohmann transfer of an object in low earth orbit to a elliptical mars orbit is a difficult calculation.  Calculating child support is not difficult.  As with any calculator, you plug in the wrong numbers and you are guaranteed to get an incorrect number.  Bradley software is no different.

Maybe I've misread, but I believe the entire question here centers around how to calculate the appropriate insurance amount to enter on the worksheet.  Is there any input you may have on that topic, KTM?
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KTM

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Re: Insurance Computation
« Reply #5 on: April 09, 2012, 08:12:52 AM »
GURU,

Clearly you are not a statistician and you may want to re read my initial post on this thread. Have you ever used the "Bradley software" and compared it to the SIMPLE example Child Support Calculator offered here? Calculations involving multiple variables and their effects upon each other when applied are not simple and can produce multiple options/choices. A minor change in sequencing can provide dramatically different results. The origin of this feed and the basis of the question posed are a clear indication of the problem for which I offered an alternative solution. What I suggested answers the question about the insurance variable and other variables. Isn't that what this forum is all about?
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