Salary & Benefits
Salary and Benefits for Residents - Academic Year 2013-2014
- PG1: $54,597
- PG2: $56,722
- PG3: $59,053
- PG4: $61,407
- PG5: $63,956
$500 Book Allowance per year
1. Medflex: Berkshire Medical Center 's flexible benefit program includes health insurance options, dental insurance options, basic life insurance, supplemental life insurance, long and/or short term disability insurance, health care and dependent care spending accounts on a tax free basis, and spouse and child term life insurance on an after-tax basis. The flexible benefit program provides dollars provided by BMC to be applied toward the purchase of benefits on a pre-tax basis, or a lesser sum to be taken as taxable cash if your spouse provides health insurance for you from another source. The dollars, if utilized for health insurance, include 90% of the cost of individual coverage or 75% of family coverage based on Network Blue New England. Benefit dollars are provided to partially cover dental insurance premiums, and to fully cover the cost of the long-term disability (50% option).
a. Health Care Spending Accounts allow you to contribute pre-tax money weekly for health care expenses not covered by health insurance plans. It can add tax savings to the protection you receive from our medical and dental plans.
b. Dependent Care Spending Accounts let you pay your dependent care fees on a pre-tax basis, as long as the care makes it possible for you to work.
2. Basic Life Insurance: A term life insurance is provided, paid in full by BMC covering one times your annual salary, effective upon date of hire.
3. Uniforms: White coats and scrubs and laundry of these garments will be provided.
4. Professional Liability: Liability insurance is provided for house officers free-of-charge during the term of the contract. Coverage pertains to in-hospital activities only. Limits are stated in contract between BMC and the Berkshire Insurance Company. Tail coverage is included in this policy.
5. Registration Fees: Registration fees for temporary licenses are covered for house officers who are not permanently licensed in the Commonwealth of Massachusetts .
6. Vacations: Each house officer is entitled to four (4) weeks of vacation with pay each year. Beyond the PGY-I level an additional week of meeting time is allocated.
7. Quarters: On-call rooms are supplied for all members of the house staff who are required to reside in the hospital when they are on duty. House officers are responsible for procuring their own housing.