Stipends, Sample Training Agreement and Benefits

University of Colorado Denver School of Medicine
Graduate Medical Education

VIEW:
2009-2010 Sample TRAINING AGREEMENT

2009-2010 STIPENDS

BENEFITS
Subject to enrollment and verification of eligibility, the following benefits are available to residents through the University of Colorado Denver Graduate Medical Education. These are the benefits available during the current year, and are subject to change without notice.
________________________________________________________________________
HEALTH INSURANCE Premiums paid for resident (Effective July 1, 2010, a premium will be charged for
dependent coverage)
· In or out-of-network reimbursement options
· Prescription drug program
· No pre-existing conditions clause
________________________________________________________________________
DENTAL INSURANCE Premiums paid for resident (Effective July 1, 2010, a premium will be charged for
dependent coverage)
· Preventive, basic and major dental service levels
· Deductible ($25.00 per person/$50.00 per family) waived for preventive services
________________________________________________________________________
LONG TERM DISABILITY INSURANCE Premiums paid. Coverage for resident only.
· Monthly disability benefits payable beginning the 91st day of disability
· Monthly benefit amount based on PGY level and ranges from $3000-$4000
· Premiums paid. Coverage available to resident only.
______________________________________________________________________
LIFE INSURANCE Premiums paid. Coverage for resident only.
· $50,000 term life insurance
· Additional $50,000 for accidental death or dismemberment
· Terminally ill accelerated benefits
· Premiums paid. Policy available to resident only.
________________________________________________________________________
VISION
Optional vision plan with nationwide company is available to residents and their dependents through payroll deduction.
________________________________________________________________________
REIMBURSEMENT ACCOUNTS
Optional participation in the CU Flex Plan, an IRS Section 125 Flexible benefit plan, is available. This reduces taxable income by allowing payment for eligible out-of-pocket health care and/or dependent care expenses from a pre-tax account. Dependent care expenses (maximum $5,000 pre-tax dollars contribution/calendar year) or health care expenses not covered by insurance (maximum $6,000 pre-tax dollars contribution/calendar year) may be reimbursed from this account to reduce taxable income and increase take-home pay.
_______________________________________________________________________
TAX DEFERRED ANNUITY PROGRAM
Residents with the University of Colorado Denver Graduate Medical Education are eligible to participate in an optional 403 and/or 457 tax-deferred investment program.
· Opportunity to accumulate money for retirement
· No income taxes on investment or interest earned until money is withdrawn from the investment program
· Reduce current taxable income
________________________________________________________________________
PROFESSIONAL LIABILITY COVERAGE
University of Colorado Denver Graduate Medical Education residents have professional liability coverage for acts within the course and scope of their Graduate Medical Education responsibilities.
________________________________________________________________________
LEAVE
Vacation
· Residents are granted 21 calendar days of paid vacation per year.
Educational
· Residents beyond PGY-I receive up to seven calendar days for paid educational leave.
Leave of absence
· For family and/or medical related leave of absence, resident may be granted up to 12 weeks of leave during a 12-month period. Leaves of absence are determined on a case-by-case basis.

For further information regarding benefits, refer to respective portion of the GME website, or call GME benefits at 303-724-6024.
________________________________________________________________________