As many of you know, I am always looking to find ways to increase how much money I make. Well, I recently convinced my admin at my private school to offer employees the option of accepting an annual cash payout equal to cost of their current health insurance plans — mine costs $9,000/year to the school. It would work like this: When you are renewed each year and go to sign your contract, you would just check the box that says that you will have the payout instead of receiving healthcare coverage. This is substantial for me as I would normally make $69,000 next year, but with the cash payout I would make $78,000. My question is, would you do this if you were given the option? Why or why not? For me, since I am going to be single for life (this is non-negotiable) I have no need for family health insurance coverage. Also, I have found a cheaper plan than my current one that offers the same benefits except it has higher copays, which are still way within my budget if I ever had need of using said plan. Can anyone think of a flaw in my thought process? I want to make sure that I don’t do something and then regret it later. Is there something that I am overlooking? Thank you for your time!