Sanford School of Medicine Residencies

Benefits

The Sanford School of Medicine offers an outstanding benefits package, including full family health insurance coverage. Specific information regarding benefits is available at orientation. 

Stipends for 2012-13 academic year:

  • PGY1 - $50,000
  • PGY2 - $51,000
  • PGY3 - $52,000
  • PGY4 - $53,000
  • PGY5 - $54,000

Residents are also eligible for a $1,000 moving stipend.

Sample Contract

Residents may select one of two health insurance plans:
  • $500 deductible (resident pays difference between $1000 and $500 premium)
  • $1000 deductible (premium paid in full by school)
Benefit paid by school
Monthly value
Health Insurance
Max out-of-pocket for $500 deductible: single - $1000; family - $2000

Max out-of-pocket for $1000 deductible: single - $2000; family - $4000

Physician office visits: $20 co-pay in-network; $30 co-pay out-of-network
Scripts - generic: $8 co-pay
             brand name preferred: $35 co-pay
             brand name non-preferred: $50 co-pay		  
Single

$500 Ded.
458.09
Resident pays 40.16 
Res. Corp. pays 417.93
$1000 Ded.
417.93
Resident + spouse

$500 Ded.
922.44
Resident pays 82.25
Res. Corp. pays 840.19
$1000 Ded.
840.19
Resident + child(ren)

$500 Ded.
853.77
Resident pays 76.03
Res. Corp. pays 777.74
$1000 Ded.
777.74
Resident + family

$500 Ded.
1,374.84
Resident pays 123.26
Res. Corp. pays 1,251.58
$1000 Ded.
1,251.58
Benefit paid by school
Monthly value
Dental insurance
($25 deductible per person per coverage year, not to exceed $75 per family;
max benefit: $1000 per person per year)

 
Single

35.02
Family

83.70
Resident pays 48.68
Res. Corp. pays 35.02


Benefit paid by school
Monthly value
Vision Insurance
(No deductible eye exam, $10 co-pay on glasses or lenses; max benefit: $105)

 
Single 8.03
Resident + spouse

14.06
Resident + child(ren)

16.72
Resident + family

20.89


Benefit paid by school
Monthly value
Life insurance (term)
(Resident - $50,000; Spouse - $25,000; Child - $5,000; Infant - $1,000)

 
Single

12.72
Spouse

12.72
Child(ren)
 10.56
Spouse + child(ren)
 23.28

Benefit paid by school
Monthly value

Disability insurance - resident only
(Total monthly benefit: $2,500)

8.00

Benefit paid by school
Monthly value
Malpractice insurance
(Limit $1 million each person
Total limit $3 million
Coverage provides "tail" for all residents)

153.27


USD Portal Access:
GME Policies
GME Benefits