Our salaries do not include the additional value of your benefits, which UB GME pays. Most institutions ask you to pay for your own benefits. Add $5,000 for single coverage and $13,000 for family coverage to our salaries for an accurate figure of your effective salary to compare what you will earn here to other programs.
University Medical Resident Services (UMRS) and University Dental Resident Services (UDRS) provide a robust benefit package at no cost to you. Other institutions ask you to pay for malpractice insurance, health insurance and so on—compare for yourself.
Each of the affiliated teaching hospitals, at its expense, maintains professional liability insurance coverage on behalf of the residents for the professional resident services rendered at that institution. This coverage is specific to the hospital in which the resident is rotating. Coverage in non-hospital settings is provided for GMEC approved rotations only at the expense of the hospital supporting the resident pay line. No coverage is provided for moonlighting or other activities that are not part of the approved residency/fellowship curriculum.
Medical insurance coverage is offered through BlueCross BlueShield of Western New York effective on the first day residents/fellows are required to report to UB. The plan provides hospital, surgical, medical and prescription coverage. Premiums for single and family coverage are paid in full by the employer.
Residents/fellows who decline coverage because they are covered under a health insurance plan other than the one provided through UMRS or UDRS may be eligible for an annual salary increase (“buy-out”) of $500 once they provide proof of other insurance.
Residents/fellows must request enrollment and provide proof of such coverage to the UB Office of Graduate Medical Education annually during the open enrollment period or within the notification requirements of a qualifying life event or becoming newly eligible.
Dental insurance coverage is available through BlueCross BlueShield of Western New York effective on the first day residents/fellows are required to report to UB. The plan assists with preventive, basic and major dental expenses to a maximum of $1,250/plan year/insured.
Premiums for single and family coverage are paid in full by the employer.
Group basic life insurance coverage is provided through Lincoln Financial Group in the amount of $50,000. The coverage also includes accidental death and dismemberment (AD&D) benefits. Premiums are paid in full by the employer.
Supplemental (voluntary) life insurance can be purchased through Lincoln Financial Group, at the resident/fellow’s expense through payroll deductions. Residents/fellows have the option of purchasing supplemental life insurance in amounts of $50,000, $100,000, $200,000 or $300,000. Residents/fellows may also purchase coverage for their spouse (if not an UMRS/UDRS employee) in an amount not to exceed 50% of the amount purchased for themselves as well as $10,000 per child from six months to age 19 ($250 from 14 days to six months). Rates and payroll deduction amounts are provided at the time of enrollment and are re-calculated annually at the start of the plan year (July 1).
New York State mandated short term disability coverage is provided through National Benefit Life Insurance. Premiums are paid in full by the employer.
Coverage of up to $2500 per month for PGY-1 and PGY-2 residents and $3000 per month for PGY-3 residents and beyond is provided through Guardian after 180 days of disability. The coverage guarantees income to eligible residents/fellows if they become unable to practice due to sickness or injury, including HIV. Excellent conversion privileges are available upon completion of residency/fellowship training. Premiums are paid in full by the employer.
Residents/fellows are offered employer-sponsored Flexible Spending Accounts (FSA) through which they can set aside money on a pre-tax basis for reimbursement of eligible health and/or dependent care expenses. The health care FSA has a minimum participation level of $300 and a maximum of $2,000/plan year. Dependent care accounts are capped at $5,000/plan year not to exceed $5,000/calendar year with no minimum participation level.