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 2009-10 academic year:

  • PGY1 - $48,700
  • PGY2 - $49,700
  • PGY3 - $50,700
  • PGY4 - $51,700
  • PGY5 - $52,700

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: single - $1000; family - $2000
Lifetime max: $2 million per person
Physician office visits: $15 co-pay
Scripts - generic: $10 co-pay
             brand name preferred: $25 co-pay
             brand name non-preferred: $40 co-pay)		  
Single

$500 Ded.
347.52
$1000 Ded.
314.62
Resident + spouse

$500 Ded.
711.72
$1000 Ded.
644.34
Resident + children

$500 Ded.
657.86
$1000 Ded.
595.57
Family

$500 Ded.
1066.54
$1000 Ded.
965.57


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

32.00
Family

Resident pays


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

 
Single

8.41
Resident + spouse

14.16
Resident + children

14.43
Family

22.84


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

 
Single

8.25
All others

11.42

Benefit paid by school
Monthly value

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

13.00

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