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Abington Memorial Hospital RESIDENT TRAINING PROGRAMS SALARY AND BENEFITS RESIDENT RATES effective July 2009 Year YEAR ANNUAL Resident PGY 1 $50,000.00 LIFE INSURANCE All residents are covered by a basic life insurance policy according to the following schedule: YEAR PGY-1 $50,000 Limited supplemental life insurance may be purchased for yourself, your spouse, same sex domestic partner, or your children who are under age 19 (23 if full time students).
HEALTH/DENTAL INSURANCE* Abington Memorial Hospital offers a flexible benefit program that allows you to tailor your benefit package to meet your individual needs. This covers both medical and dental insurances. Some plans are at no cost, other plans have a small fee attached based on your selection.
PROFESSIONAL LIABILITY All house staff are covered by the Cassatt RRG, Inc. The hospital purchases continuous coverage for all events that occur during a resident’s tenure at this institution. Coverage for moonlighting activities has to be cleared with the respective program director and hospital administration.
LONG-TERM DISABILITY Each resident is issued an individual disability insurance policy, which will pay for 60 percent of the base salary, subject to a maximum schedule amount of $3,000 per month, and will continue coverage for two (2) years. This policy is transferable upon completion of residency training.
403B TAX-SHELTERED ANNUITY You may participate in a savings plan with a variety of companies that permit you to make a tax-deferred investment of up to a certain dollar amount determined by the tax laws in effect for the current year. Federal Income tax is deferred until money is withdrawn.
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