The Methodist Hospital is proud to offer a comprehensive employee benefits program for our residents. This program will represent a sizable portion of the total compensation and is designed to provide protection and a measure of security for residents and their families. This information highlights the many benefit plans available to eligible resident employees. It is not intended to be a complete description of all benefits. Additional details are available and will be discussed upon acceptance in TMH Residency Program.
Eligibility in the many benefits programs offered by The Methodist Hospital is based upon full-time employment status.
Residents are paid every 2 weeks, in accordance with the biweekly pay schedule of The Methodist Hospital.
Medical, Dental, Vision, Life, and Disability Insurance
The Methodist Hospital provides insurance programs to all resident employees of the hospital. The medical, dental, and vision plans offered through United Healthcare are provided cost free to residents. Insurance coverage for residents and their families, if enrolled, will start on the first official day of their programs. The medical plan offers two options — Choice and Choice Plus. Both options are similar, except that the Choice Plus plan offers out-of-network opportunities.
Vision insurance is also provided through the United Healthcare plan through Spectera Vision with premiums included in the medical plan cost and a choice between the basic or comprehensive vision plans.
The dental coverage plans include either the MetLife DMO or the MetLife PPO. The DMO plan requires a referral to a dental specialist from the primary dentist, while the traditional method (PPO) does not.
Supplemental Life, Short and Long-Term Disability, and Accidental Death and Dismemberment insurance plans are also available to residents. A baseline level of short and long-term disability and life insurance is provided free of charge to residents.
Coverage for dependents is available at group rates for medical, dental, vision, AD&D, and life insurance. The premiums for dependent coverage are deducted from the resident's payroll every two weeks.
Flexible Spending Accounts
Resident may participate in a flexible spending account for health care and dependent care expenses through deductions from their pay on a pre-tax basis. The Health Care Spending Account allows residents to be reimbursed for eligible services not covered by the medical, dental, vision, or prescription plans up to the elected amount determined by the resident. The Dependent Care Spending Account allows residents to be reimbursed for childcare expenses.
Paid Time Off (PTO)
Resident employees are allocated PTO, for vacation, holidays, personal reasons, severe weather emergencies, family illnesses, and short-term personal illness at a predetermined annual level. The PTO annual award for residents at the PGY1 level is 16 days (128 hours) and the award for residents at the PGY2 level and above is 21 days (168 hours). Upon termination of the residency program, the unused hours remaining in resident's PTO award/PTO bank, will be paid out at a maximum of 168 hours. Residents may not participate in the PTO sell program.
PTO in the Accrued and Bank balances will automatically carry over to subsequent training years. Residents will be compensated for any unused Bank PTO upon termination up to a maximum limit not to exceed the amount of PTO that was awarded for the current academic year.
Example: A resident has finished the third academic year and has 208 hours remaining in the Bank PTO balance. Employment terminates so 168 PTO hours will be paid out with 40 hours being forfeited.
Educational Leave and Stipend
Five (5) PTO days (40 hours) are offered to residents at the PGY2 level and above to attend professional meetings approved by the respective Program Director. Residents at the PGY2 level and above are also eligible to receive up to $1,600 per year to defray the costs of conference attendance (travel, lodging, airfare, and registration fee), etc. Residents in their last year of training are eligible for a $2,000 educational leave stipend.
Malpractice and Tail Coverage
The Methodist Hospital provides residents with professional liability coverage at no cost. Liability coverage also includes legal defense and protection against awards from claims reported or filed after the completion of the program if the events are within the scope of the program ("tail coverage").
Various wellness programs are available so residents such as smoking cessation, weight reduction, stress management, tai chi, etc.
Employee Assistance Plan (EAP)
The EAP, administered by United Behavioral Health, provides easy, no-cost access to a professional who can offer residents and family support and direction with personal or job-related stress. The EAP can assist with issues surrounding relationships, parenting concerns, drug and alcohol use, anxiety, depression, financial concerns, etc.
Residents on call at Methodist Hospital are provided with meals while on duty. Residents are eligible for an employee discount at Methodist-operated food services.
This benefit is payable to residents who begin and complete their entire residency or fellowship program at The Methodist Hospital. At the end of training, the resident is eligible to receive a considerable bonus per year of training up to 3 years.
Transportation and Parking
Residents are provided Texas Medical Center parking via contract with the Texas Medical Center. There are three parking options available to residents. Other parking and transportation options are also available to residents through the GME office.
Legal Club of America provides a plan to assist residents with legal matters for a very minimal fee per pay period.
Both series EE and series I are available for purchase in pre-set increments. A minimum purchase amount is required for participation and is paid for through payroll deduction.
Residents may contribute a significant level of allowed compensation to a 403(b) Tax-Sheltered Annuity, up to the annual IRS contribution limit. Residents will also receive an employer match of 50% up to the individual contribution of 4%. Additional assistance is available for retirement planning through Fidelity Investments as well.
Residents are provided with a limited number of monogrammed lab coats through the GME office at no cost to the resident.
Resident Work Room and Call Rooms
Residents are encouraged to use the Resident's Lounge that is equipped with lockers for personal belongings, as well as personal computer workstations. The Methodist Hospital also provides call rooms for overnight call. The GME office also assigns sleep rooms to residents who are too fatigued to drive home safely.
Each resident will receive a required TMH email account accessible from any Internet-capable computer.
This information highlights the many benefit plans available to eligible resident employees. It is not intended to be a complete description of all benefits and may change as institutional policies are modified. Additional details are available and will be discussed upon acceptance in TMH Residency Program.