{"id":3718,"date":"2025-11-19T20:02:25","date_gmt":"2025-11-19T20:02:25","guid":{"rendered":"https:\/\/offices.vassar.edu\/human-resources\/?page_id=3718"},"modified":"2025-11-19T20:05:06","modified_gmt":"2025-11-19T20:05:06","slug":"vassar-college-medical-insurance-cash-out-policy","status":"publish","type":"page","link":"https:\/\/offices.vassar.edu\/human-resources\/benefits-and-wellness\/health-insurance\/vassar-college-medical-insurance-cash-out-policy\/","title":{"rendered":"Vassar College Medical Insurance Cash-Out Policy"},"content":{"rendered":"<!-- Inserted by Dropdownizer plugin. Forces video embeds contained in dropdowns to have a size --><style>.dropdownizer__dropdown iframe { width: 100% !important; height: 100% !important; }<\/style>\n<ul class=\"wp-block-list\">\n<li>Vassar\u2019s Medical Insurance Cash-Out provides a <strong>taxable cash payment<\/strong> to non-SEIU employees who do not need the Vassar health insurance because they have medical insurance elsewhere. Each year during Open Enrollment, you may select the Medical Cash-out plan if it is offered. <strong>The benefit is <em>not<\/em> automatically renewed every year.<\/strong><\/li>\n\n\n\n<li>The cash-out payment equals $550 for the calendar year (12 months, January\u2013December), divided among your annual paychecks.<\/li>\n\n\n\n<li>Elect the cash-out from the \u201cMedical Plans\u201d list in Workday.<\/li>\n\n\n\n<li>The cash-out payments are taxable income.<\/li>\n\n\n\n<li>Vassar annually reviews the decision to offer the medical cash-out payment. In future years, this benefit may or may not be offered.<\/li>\n\n\n\n<li>If your spouse\/partner works at Vassar and you are enrolled as a dependent on her\/his health insurance, you are <strong>not<\/strong> eligible for the cash-out.<\/li>\n<\/ul>\n\n\n\n<p>If you have any questions about the cash-out option, contact Benefits at ext. 5850.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vassar\u2019s Medical Insurance Cash-Out provides a taxable cash payment to non-SEIU employees who do not need the Vassar health insurance because they have medical insurance elsewhere. Each year during Open Enrollment, you may select the Medical Cash-out plan if it is offered. The benefit is not automatically renewed every year. The cash-out payment equals $550 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1157,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3718","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/pages\/3718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=3718"}],"version-history":[{"count":2,"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/pages\/3718\/revisions"}],"predecessor-version":[{"id":3721,"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/pages\/3718\/revisions\/3721"}],"up":[{"embeddable":true,"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/pages\/1157"}],"wp:attachment":[{"href":"https:\/\/offices.vassar.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=3718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}