Financial/Health Insurance

A. Financial Support Overview
All Biophysics students will receive a yearly stipend and UW Graduate Student health insurance benefits. The stipend rate is set each year in July for the upcoming year. For 2017-18, the stipend is $27,000. Any student receiving a fellowship or training grant less than the current Biophysics stipend rate is required to be supplemented to reach the current Biophysics stipend rate.
 
First-Year Students:

  • Stipend:
    • All Biophysics students are awarded a gross, pre-tax stipend of $26,000 for the 2015-16 year for a 12-month appointment
    • New students will receive the first full paycheck for the days of Biophysics orientation in August and the entire month of September in early October
    • Students will receive a paycheck at the beginning of every month from that point forward
  • Tuition:
    • Tuition is remitted; thus, students should not receive a tuition bill
    • If a student receives a tuition bill, they should contact the Biophysics Office immediately (biophysics@bocklabs.wisc.edu, 262-3203)
    • If the Biophysics Office is not contacted about the bill, the student will be charged a $100, non-refundable late fee (Biophysics is not responsible for any late fees)
  • Segregated Fees:
    • Each semester, students with a Research Assistant title will need to pay segregated fees, a UW-Madison mandated fee
    • Segregated fees cover the cost of the University Health Services, bus passes, use of the Wisconsin Unions, etc.
    • See the Registrar's Office Segregated Fee Information webpage for the exact amount of segregated fees to be paid each semester
    • Students can check their My UW financial account to view segregated fee charges
    • Fees can be paid online through My UW or at the Bursar's Office (Student Services Tower, E. Campus Mall, Rm #10501)
    • If this fee is not paid by the deadline, students will be charged a $100 non-refundable late fee (Biophysics is not responsible for any late fees)

Research Assistants:

  • Stipend:
    • The Thesis Advisor is fully responsible for the stipend
  • Tuition:
    • Tuition is remitted
  • Segregated Fees:
    • Research Assistants pay segregated fees at the beginning of each semester

Fellows/Trainees:

  • Stipend:
    • The majority of the stipend is paid by the fellowship/training grant
    • If a fellowship/training grant funding rate is below the current Biophysics stipend rate, the student's fellowship/training grant will be supplemented to bring the stipend up to the current Biophysics stipend rate
      • The Biophysics Program will supplement a fellowship/training grant stipend for first-year rotating students until they have joined a thesis lab
      • The Thesis Advisor will supplement a fellowship/training grant stipend once the student has joined a thesis lab
  • Tuition:
    • Tuition is remitted
  • Segregated Fees:
    • Paid by the fellowship/training grant

B. Health Insurance:

  • Graduate students including research assistants, fellows, and trainees are eligible for health insurance plans offered by UW-Madison
  • Single and family health care coverage plans are available
  • Benefits premiums are automatically deducted from the student's monthly paychecks
  • Benefits forms must be completed and returned to the Biophysics Office during the orientation week to ensure insurance coverage begins on September 1st
  • There is an open enrollment period every October if you want to make changes to your health care coverage plans
  • Graduate Assistant Health Insurance: includes health insurance descriptions and contact information for each plan
  • General Employee Benefits: includes information about health insurance, life insurance, and other benefits