Stipends and insurance for students
Understand what your budget will need to include for student academic appointees and other fellowship holders. You can always email vpfinadm@indiana.edu with questions as well.
1. SAA/Postdoc/Fellowship Recipient Health Insurance - All Fund Groups
Academic RCs are expected to cover the SAA health insurance premium for eligible student academic appointees and fellowship holders who are funded in BOTH general and non-general accounts. A Campus account will cover the SAA health insurance premium for eligible student academic appointees and fellowship holders paid from GENERAL fund accounts for Support RCs. Support RCs must budget funds to cover charges to their applicable NON-GENERAL fund accounts only. Use object code 5610 for this purpose. Object Code 5610 will be used for both Fellowships and SAAs for FY 2024.
The Student Health Insurance Plan is mandatory for all Student Academic Appointees (SAAs) who are appointed at 37.5% FTE for the Fall and/or Spring Semesters, and Fellowship Recipients with an award of $5,625 or more each semester, Fall and/or Spring. All SAAs and Fellowship Recipients must be enrolled in a minimum of six credit hours or G-901 each semester (summers excluded). Premiums for SAAs and Fellowship Recipients are fully subsidized by the University or external granting agency.
| Semester | Rate |
| Fall 2023 | $1,551.23 |
| Spring 2024 | $2,388.89 (10% increase) |
| Total 2023–24 | $3,940.12 |
2. Stipends for Student Academic Appointees—All Fund Groups
FY 2024 minimum rates, $22,000 for 10 months (AY) for 0.50 FTE (20 hrs/per week). If there are changes by the Bloomington Faculty Council (BFC) updates will be sent to all units. All continuing SAAs should receive a TBD increase for FY 2024.