Flexible Benefit Plan

Prescription Drug Plan
$10.00 co-pay for generic, $15.00 for Brand with no generic substitute and $20.00 for brand. Mandatory generic/formulary dispensing.
Must participate in medical plan to be eligible for pharmacy coverage.

Retirement
Tax-Deferred Annuities: Allows employees to tax shelter up to $13,000
(+ $3,000 if over 50) per year for retirement purposes.

Social Security (FICA)
Employee contribution matched

Paid Time Off

*Paid Time Off will not carry over from one academic year to the next

Income Protection

Disability
Core benefit is 50% (max. $2,500 per month) may purchase additional disability
at 60% and 70% (max $6,000 per month).
Eligible 6 months from date of hire. Benefit begins on 61st day.

Leave of Absence
A Resident may be granted for medical /personal leave based on a significant medical illness, trauma, pregnancy.etc. The resident will be paid from their sick time if applicable, or may request to be paid from their vacation time when sick time has been exhausted. (refer to MHP Academic Affairs policy # S-09)

Worker’s Compensation
Life Insurance: Core benefit is 1.5x’s basic salary. Buy up life insurance available in $10,000 increments (subject to contract limits) at employee’s cost.
May opt down to $10,000.

Additional Benefits
Professional Liability Insurance coverage
$1,000 Education Stipend for 1st year residents
$200 towards a PDA for 1st year residents
$1,200 Educational Stipend for 2nd and 3rd year residents
$150 annually towards Health Club Membership
2 free lab coats and 2 free pair of scrubs for 1st year residents
Credit Union; savings (insured FDIC/$100,000), loans
(may be requested after six-month membership) Christmas Club, IRA.

Miscellaneous
• Occupational Health Services
• Employee Assistance Services
• Medical Library & Computerized Literature searches
• Direct Payroll Deposit