Benefits and Compensation
As one of the largest employers in New York, Northwell Health is able to provide an exceptional benefits package for our residents and fellows. Our training staff enjoys a comprehensive health and welfare package, and retirement and wellness resources unmatched by any other health system in the region.
Northwell Health Benefits & Compensation Information
Highlights:
Residents are eligible for benefits from day 1
20 PTO days/year, 4 wellness days/year, 1 cultural observance day/year
Reduced rate apartments available adjacent to hospital
Free parking at housing and hospital
Private 24/hr gym adjacent to hospital
Free meal plan - two meals/day in cafeteria
Resident salaries – 2023
Program Level: Base Salary
PGY-1 : $75,000
PGY-2: $80,000
PGY-3: $82,000
Benefits
Northwell Health provides generous health and welfare benefits for you and your dependents. Residents and fellows become eligible for all health and welfare benefits on the first day of employment. The cost of coverage is largely employer-subsidized and includes:
Medical
Dental
Vision
Flexible spending accounts
Short-term disability
Employer-paid basic life insurance/accidental death and dismemberment at 1½ times pay up to $500,000
Salary continuation during disability for up to 12 weeks and 50% short-term disability thereafter at no cost
60% long-term disability provided at no cost
50% of short-term disability provided at no cost, up to 60% available with cost
Supplemental life insurance/accidental death and dismemberment
Retirement program
Upon hire you have the option to contribute to the 401(k) plan offered by Northwell Health. Contact Transamerica Retirement Solutions at (844) 675-4547 or visit Northwell.edu/myRetirement for assistance.
Time-off benefits
Members of the house staff are entitled to 20 days of paid time off (PTO) each contract year. These 20 days must be used during the period covered by the contract and may not be carried into subsequent years.
All requests for leave, other than disability, are reviewed by the department chairman on a case-by-case basis. All time away from formal graduate medical education, other than allotted PTO, may lead to a shortfall in the time needed to complete the requirements of both the residency program and the corresponding certifying board. In such situations, additional months of training may be necessary.
Other benefits
Counseling: Confidential counseling, medical and psychological support services
Malpractice insurance: Coverage, including tail, provided by the health system
Meal allowance: A monthly meal allowance, if applicable
Uniform and laundry service: Uniforms (lab coats and scrubs as required) and laundry service provided without charge
On-call rooms: Adequate and appropriate sleeping on-call rooms provided on campus
Housing: At some sites, limited housing is available to residents at a below-market rate through a prescribed eligibility process outlined in the housing guidelines
Parking: Parking rules differ from campus to campus
Credit union: Various credit union programs available through the health system
Employee group discounts: Members are eligible for the many health system group discounts available
Additional insurance: Voluntary long-term care, group universal life, prepaid legal, identity theft, and cancer benefits at discounted rates
Banking services: No-fee checking, Visa card, safe deposit box at reduced rates
The above is intended only as a summary of the benefits provided by Northwell Health. Northwell Health reserves the right to amend, modify or terminate these plans at any time. Please refer to the policies, summary plan descriptions and the plan documents for details.