Cash in Lieu of Medical Insurance
You have the opportunity to decline medical insurance through Wayne State University and be paid an additional $50 per pay (except on the two "no-deduct" pays each year) in lieu of medical insurance (Graduate Assistants receive $30 per pay).
To be eligible, you must have other non-WSU medical insurance. Your other medical coverage cannot be Medicare, COBRA, or as a dependent on Wayne State University insurance. Stipend recipients are not employees, therefore not eligible for cash in lieu of medical.
To enroll in the Cash in Lieu of Medical benefit:
Log In to Enroll or Make Changes
or follow these steps:
- Log into Academica
- Click 'Employee Resources'
- Click 'Employee Self-Service'
- Click 'Benefit Plan Enrollment & Changes'
Click here for full instructions
For customer service, call Businessolver's Wayne State Benefits Center: 888-907-1433
Upon approval, the cash payment in lieu of medical insurance will be scheduled for the next available paycheck date; there will be no retroactive payments. If you later wish to establish coverage, except for death of or divorce from the individual covering you under their plan, you will be subject to the selected plan's normal enrollment and waiting periods.
Receiving your Cash in Lieu of Medical benefit:
As a taxable benefit, it is subject to FICA, federal, state, and city tax. The amount deducted for taxes depends on individual circumstances. We are unable to provide individual calculations prior to the actual payment.
Your pay stub will show a negative $50 ($66.67 for 9-month employees) under the deduction column. Since this is being added to your pay, it is a negative deduction. Your gross pay will increase by $50. Your taxes will increase because the $50 payment is taxable. After the taxes are deducted from the $50, the balance of the $50 is added to your net pay.