Compensation and Benefits
2024-2025 Stipends
Resident/Fellow Year |
Stipend |
---|---|
PGY1 | $58,665 |
PGY2 | $60,646 |
PGY3 | $62,387 |
PGY4 | $64,132 |
PGY5 | $66,918 |
PGY6 | $67,641 |
PGY7 | $68,682 |
Residents and Fellows are paid on a bi-weekly basis.
Benefit Information
Henry Ford St. John Hospital provides a comprehensive benefits program for residents and fellows. Qualified dependents will also be eligible for benefit coverage. Each year, a benefits re-enrollment period in November allows you to adjust your benefits as your needs change. Below is a comprehensive list of benefits.
Insurance Benefits
- Malpractice coverage provided by the Hospital
- Residents are covered under Ascension St. John Hospital professional liability program for any actions during the scope of their training as residents/fellows regardless of when the claim is filed.
- Medical, dental, and vision insurance plans with dependent coverage
- Health Savings Accounts (HSA)
- Health Reimbursement Arrangement (HRA)
- Short term disability insurance
- Benefit provided, at no cost to you, is 70% replacement of your base pay.
- Pre-existing condition limitations apply.
- Long term disability insurance
- Benefit provided, at no cost to you, is 70% replacement of your base pay.
- Pre-existing condition limitations apply.
- Accidental death and dismemberment
- Associate and family life insurance
- Group legal plan
Additional Benefits
- 403b retirement option, with employer matching up to 3% of your contribution
- Pre-tax Health Savings Account, Healthcare Flexible Spending Account (FSA) and Dependent Care (FSA)
- Employee Assistance Program
- Associate Discounts (include but not limited to)
- Computers and Electronics
- Entertainment
- Health & Wellness
- Automotive (rental cars/tires)
- Commitment to resident/fellow wellness (include but not limited to)
- Mayo Clinic Wellness Index
- Headspace
- Guided meditation resources
- Virtual peer support groups
- Virtual Spiritual Care available anytime, anywhere
- Mental/physical health counseling (paid for by GME Office)
- Maternity Leave/Paternity Leave available. Lactation room onsite
- Reimbursement for BLS/ ACLS certifications when unavailable on campus
- Reimbursement of educational limited licenses while in training and a portion of permanent license fees
- Educational device provided at the beginning of training program
- Three weeks (21 days) paid vacation
- Paid sick time (7 days)
- Lab coats provided and laundered including scrubs
- Free Parking
- Newly Renovated Resident Lounge
- Medical Library
- Free Buffet Luncheon, Monday-Friday, from 11:30am to 12:45pm
- Annual Allowance for on-call meals
- Meal card is provided on the first day of training. This card is to be used for on-call meals or when patient care duties prevent the resident/fellow from attending the Resident Noon buffet luncheon
- Professional Development Funds for residents/fellows at all levels of training
- Wellness stipend for each resident/fellow
- Computer facilities for residents/fellows’ use
- Research methods workshops
Research Opportunities
Presentation Funding
Residents and fellows who have been accepted to provide an oral or poster presentation at a conference may apply for funding up to two trips per year, in the continental United States. Only one trip can be for a case report. Funding will be provided for travel-related expenses and for conference registration.
Project Funding
Residents can apply for up to $10,000 and fellows can apply for up to $15,000 to support scholarly activity. Funding is awarded after approval by a scientific review committee.
Professional Development Funds
Professional development funds are provided to each resident and fellow. The amount of funds increases each year of advancement
Typical use for these education-related funds include:
- Books
- Educational software
- Educational webinars
- Board review material
- Conference and travel
- Professional membership fees
- Application & professional liability fees for outside electives
- Educational devices once during residency/fellowship (computers, laptops, iPads)
Wellness Funds
Each year, wellness funds are provided to each resident/fellow. The amount is $225 each year (this does not rollover as the resident/fellow advances)
Typical use of these funds include but not limited to:
- Massages (limited to on-campus)
- Gym Memberships
- Online fitness classes
- Residency group activities