MU subsidizes graduate student health insurance for another year
COLUMBIA - Interim Chancellor Hank Foley announced Tuesday the University of Missouri will subsidize graduate student health insurance for another year.
In a statement, Foley said MU will "stand pat with all the other top research universities in the country," and will offer the health insurance benefit to graduate students for at least one more year.
"Though we had a task force examine and propose different options from that which we have always done, the options presented in their report each come with a new set of problems and negative consequences for some of our students, especially for those who have children or who will have children," Foley said.
Foley also said major research universities across the country have mobilized their congressional delegations to address an IRS ruling that says graduate students are employees of the university rather than students because they provide research and teaching assistance. The Affordable Care Act prohibits employers from giving employees money specifically to buy insurance under the individual market.
Foley said, because of the mobilization efforts, MU may be able to continue to offer the same insurance coverage that it has always offered.
"While we cannot predict what the agencies will do, we can predict our own institutional behavior. As part of our overall commitment to providing nationally competitive compensation packages for MU graduate students, we will continue to ensure that our graduate students have health insurance options competitive with our peer institutions," Foley said.
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