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Salary & Benefits

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 Year2020-21 Annual Salary 2020-21 Education Fund2020-21 Annual Meal Allowance
PGY-1$55,974$800$1,800
PGY-2$58,146$1,200$1,800
PGY-3$60,292$1,200$1,800
PGY-4$62,843$1,200$1,800
PGY-5$65,367$1,200$1,800
PGY-6$67,910$1,200$1,800
PGY-7$70,370$1,200$1,800
PGY-8$73,023$1,200$1,800

Health care benefits

Medical & Prescription DrugsDentalVisionFlexible Spending Account (FSA)
• 3 plan options
• mental health coverage included		• 2 plan options1 planAbility 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)
Vacation
  • 3 weeks per year,
    per GME Policy 133
Conference days
  • 5 days per year,
    per GME Policy 133
Sick days
  • as needed, per discretion
    of the Program Director
Parental leave & leaves of absence for other approved purposes
  • individualized as needed, per GME Policy 134
  • 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, per GME Policy 131
    • these expenses generally include:
      • attendance at approved educational conferences (registration, transportation, lodging and food)
      • purchase of educational materials (books, software, DVD's, etc)
      • or similar educational purposes as specified in GME Policy
  • 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

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