Salary, Benefits and Insuranace Information 2011-2012
Click here to see a sample resident contract.
Salary
| 2011-2012: |
| First year residents: | $49,383.32 |
| Second year residents: | $51,674.69 |
| Third year residents: | $53,945.63 |
| Fourth year residents: | $56,130.88 |
Educational Stipends:
May be used for books, conferences (including travel), and PDA's. Additional funds are available to sponsor residents presenting at conferences, at the Program Director's discretion.
| First year residents: | $500.00 |
| Second year residents: | $1,000.00 |
| Third year residents: | $1,000.00/Allopathic $3,000.00/Osteopathic* |
| Fellow: | $2,000.00 |
*Residencies that are accredited by the AOA (American Osteopathic Association) are required to assure that their osteopathic residents attend a national meeting and take the ABOFP certification exam, hence the additional $2000 for DO's is for the osteopathic boards, registration and travel to a national conference.
Membership Dues:
Vanguard MacNeal pays for resident membership dues for the AAFP and AOA.
General Benefits
A. Vacation, Personal & Sick Time
Twenty-three days of vacation, personal, and sick time are allowed during the academic year. As a hospital employee you are allowed an additional twelve sick days per year however the ABFM (American Board of Family Medicine) policy states any time off beyond 23 days per year is added on to the end of residency.
B. Educational Days
To be submitted for approval by the Program Director, as with other days off:
| First year residents: | 3 days |
| Second year residents: | 4 days |
| Third year residents: | 5 days |
| Fellow: | 5 days |
C. Leave of Absence
FMLA (Family and Medical Leave Act) is offered. Leave without pay for medical reasons, including maternity, is subject to hospital policy. All leaves of absences may require an extension of the resident's training, in accordance with the rules of the American Board of Family Practice.
D. 401(K)
Vanguard Health System will match 50% of contribution after one year of employment.
Parking:
Covered parking is offered for residents at no charge. The parking lot is linked by tunnel to the hospital and Family Practice Center.
Dependent Care Reimbursement Account:
Pre-tax dollars can be put aside for dependent child or elder care.
Local YMCA Discount:
The Berwyn YMCA offers a 20% discount on membership.
Employee Assistance Program (EAP):
Confidential counseling and assistance is available for any reason through the hospital's Employee Assistance Program. Residents may also choose to pursue mental health needs through their PPO coverage either instead of, or in addition to, the EAP.
Insurance and Disability Coverage
A. Medical Insurance
Vanguard MacNeal's medical plans, administered by Anthem, give you access to comprehensive medical benefits that are designed to meet the needs of you and your family. You may select coverage for you and your eligible dependents through three plan options:
- PPO Plus Plan
- PPO Select Plan
- Healthy Advantage Plan (Consumer Driven Health Plan)
B. Dental Insurance
C. Vision Insurance
D. Life Insurance
Group Term Life Insurance through the American College of Physician's package with benefit of $100,000 and an accidental death and dismemberment benefit of $100,000 is available at no cost immediately upon employment. Conversion of the policy is available upon completion of the residency program.
E. Long Term Disability Income
Protection of income through the American College of Physician's insurance coverage shall be provided by MacNeal Hospital and will become effective the first of the month following six months of participation in the residency program. Benefits begin after 60 calendar days of disability and may be converted to an individual policy upon completion of the residency program.
F. Malpractice and General Liability Insurance
Residents will be included in the malpractice coverage provided by the hospital for all professional activities directed by the hospital.
G. Worker's Compensation
The residents are covered by the same rules that apply to all MacNeal employees.