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Benefits for medical residents

Effective 7/1/2017; all policies subject to change.

Rosalind Franklin University of Medicine and Science offers a choice of HMO or PPO medical plans, life insurance, and disability benefits. The premium for these benefits is paid entirely by the University. The University also offers dental insurance, flexible spending accounts and a retirement plan.  Below is a brief description of these plans.

Medical Plans: Choose between PPO and Blue Edge PPO with Health Care Account (HCA)

  • You can see any qualified physician you choose (out of pocket cost increases when care is out of network) 
  • Includes prescription and vision coverage
  • Annual deductible must be paid before benefits start
  • PPO annual deductible -- $500 single/$1,500 family
  • PPO Blue Edge annual deductible - $1500 single/ $3000 family

Or choose Blue Cross Blue Shield HMO Illinois or HMO Blue Advantage

  • Includes prescription and vision coverage
  • All care must be coordinated by your BC/BS HMO primary care physician or woman’s primary health care provider
  • With the exception of emergencies, all care must be provided by a network provider
  • You must select your Primary Care Physician when you enroll (www.bcbsil.com)
  • No annual deductible/no co-insurance (co-pays apply)

PPO Dental Plan: Provided by Delta Dental (www.deltadentalil.com)

  • You can see any qualified dentist you choose (out of pocket cost increases when care is out of network)
  • $50 annual deductible/$1500 annual benefit
  • Two networks available to save you money. Choose “PPO” network for lowest fees.
  • The following employee premium contribution will be deducted from your paycheck pre-tax:
    Delta Dental Per month Per paycheck
    Employee Only $21.04 $9.71
    Employee + Child/Children $42.51 $19.62
    Employee + Spouse/Partner $38.09 $17.58
    Employee and Family $57.53 $26.55

     

    Superior Vision Per month Per paycheck
    Employee Only $6.44 $2.97
    Employee + Child/Children $14.63 $6.75
    Employee + Spouse/Partner $12.88 $5.94
    Employee and Family $22.60 $10.43

Short & Long-term Disability Insurance – Mutual of Omaha: 

  • Rosalind Franklin University of Medicine and Science which includes the Health Clinics, provides self-funded Short-Term Disability benefits up to 100% of weekly salary for covered claims to all regular full-time and part-time benefits eligible employees.
  • Rosalind Franklin University of Medicine and Science which includes the Health Clinics, provides University paid Long-Term Disability benefits up to 60% of weekly salary for covered claims to all regular full-time and part-time benefits eligible employees through Mutual of Omaha..

Life Insurance – Mutual of Omaha: University-paid life insurance equal to 1 ½ times annual salary (up to $50,000 limit).

You may also purchase supplemental life insurance up to the lesser of five times annual salary or $350,000.

Flexible Spending Accounts (FSA) - PayFlex:

  • Both Dependent and Medical FSAs are offered on a pre-tax basis
  • FSAs allow you to use pre-tax dollars to pay for eligible out of pocket medical expenses or dependent care expenses.

Retirement Plan – TIAA-CREF:

Effective immediately, residents may make unmatched contributions to a 403(b) Group Supplemental Retirement Annuity plan.

Vacation and Sick Time:

Vacation and sick time are handled directly through your residency program. Vacation time allotted during the academic year is based upon time worked during the same academic year and cannot be carried over to a subsequent academic year. If vacation time is not used during the academic year in which it was accrued, it is subject to forfeiture. To learn more about your program’s leave policies, consult with the Director of your residency program.

The information on this sheet is provided as a summary of highlights of the various plans described and is subject to change.  Specific details of each program are contained in the Plan Document.  In the event of a discrepancy, the plan document will prevail.