Salary & Benefits

Professional Education

For Patients & Families Beaumont.org

Corewell Health is the new name for Beaumont.

Information for Applicants

Beaumont Health is committed to compensating all employees, including residents and fellows, market competitive salary and benefits commensurate with their responsibilities, competitive with other organizations in the labor market in which we compete and perceived to be fair and equitable.

Salaries are reviewed each year as part of the budget development process and may be adjusted for the following academic year. Benefits may be modified at any time at the discretion of the employer.

Benefits for residents and fellows are effective on the date of hire. This summary provides a brief overview of features and does not constitute a legally-binding document.

Salaries and some benefits for fellows in specialized programs for which there is no ACGME accreditation may vary. These fellows are credentialed and provided contracts by the Beaumont Medical Group.

Salary & allowances by year

Post-Graduate Year	2024-25 Annual Salary	2024-25 Education Fund	2024-25 Meal Allowance
PGY-1	$64,722	$800	$1,800
PGY-2	$67,177	$1,200	$1,800
PGY-3	$69,492	$1,200	$1,800
PGY-4	$71,465	$1,200	$1,800
PGY-5	$74,437	$1,200	$1,800
PGY-6	$77,184	$1,200	$1,800
PGY-7	$80,707	$1,200	$1,800
PGY-8	$83,935	$1,200	$1,800

Health care benefits

Medical & Prescription Drugs	Dental	Vision	Flexible Spending Account (FSA)
• 2 plan options • mental health coverage included	• 2 plan options	1 plan	Ability to contribute funds pre-tax each calendar year. • for health care: up to $2,650 • for dependent care: up to $5,000

Financial protection benefits

Financial Liability Insurance

fully paid for by Beaumont Health while acting within the scope of duties for which Beaumont Health employ them
there is no coverage for international rotations, when moonlighting outside of Beaumont Health, or for performing non-program-related volunteer activities outside Beaumont Health
Beaumont Health is self-insured and provides coverage after employment if a claim or lawsuit is filed (tail coverage)

Short-Term Disability

for personal illness
fully paid by Beaumont Health
100% pay for 26 weeks

Long-Term Disability

for personal illness
fully paid for by Beaumont Health
replaces 60% of base pay

Employee Life & Accidental Death & Dismemberment (AD&D) Insurance

fully paid by Beaumont Health
coverage of 2 times base pay
additional coverage and coverage for dependents may be purchased pre-tax

Retirement Savings Plan

ability to contribute funds pre-tax to 403(b) through Fidelity; Beaumont health matching contribution depending on organizational performance (three-year vesting period for match)

Paid time away

Vacation
4 weeks per year

Conference days
5 days per year

Sick days
as needed, per discretion of the Program Director

Wellness days
Two days are provided for: a primary care physician or required specialist appointment a behavioral health provider (wellness coach, social worker, Psychologist, Psychiatrist) These days are provided only for appointments occurring on those days. The remainder of each of the days is free time. Wellness days do not count against vacation or days off-duty.

Parental leave & leaves of absence for other approved purposes
individualized as needed this may have an impact upon the program completion date in order to ensure eligibility for specialty Board certification

Hospital-paid benefits

Medical Licenses

the cost of Michigan Educational and Controlled Substance Licenses, including regulatory requirements for Licensure (e.g. fingerprinting)

Required certifications

Basic Life Support as well as other certifications that are required by your program, such as Advanced Cardiac Life Support (ACLS), Pediatric Advanced Life Support (PALS), etc.

Meal allowance

$1,800 per year; provided tax-free to use in hospitals only, or through paychecks taxed.

White coats & scrubs

Educational Fund

discretionary funds available for educational expenses approved by the Program Director
- these expenses generally include:
  - attendance at approved educational conferences (registration, transportation, lodging and food)
  - purchase of educational materials (books, software, DVD's, etc)

unspent funds may be carried over to subsequent years
- any balance at the time of graduation is forfeited

Professional memberships

if required to meet accreditation standards

Additional benefits

24-hour access to medical library resources
research development and support
opportunity to participate in Resident/Fellow Council, American Medical Women's Association, and other societies
opportunity to participate in multiple patient safety and quality improvement committees
resident/fellow lounge
free secure parking
Employee Assistance Program, offering confidential assessment, referral and short-term counseling
various discount programs and special offers on apartment rentals, autos, insurance, cellphone service, computers, electronics, entertainment, travel, and more