Housestaff Benefits

Health Insurance

Premiums paid for resident and dependents

• In or out-of-network reimbursement options
• Prescription drug program
• No pre-existing conditions clause

Dental Insurance

Premiums paid for resident and dependents

• 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 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 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

An optional vision plan with a nationwide company is available to residents and their dependents through payroll deduction.

Reimbursment 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/year) or health care expenses not covered by insurance (maximum $6,000 pre-tax dollars contribution/year as of January 2005) may be reimbursed from this account to reduce taxable income and increase take-home pay.

Tax Defered Annuity Program

Residents with the University of Colorado 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• No income taxes on investment or interest earned until money is withdrawn from the investment program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 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, residents may be granted up to 12 weeks of leave during a 12-month period. Other 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.

Malpractice Insurance and Professional Liability Coverage

As members of the University of Colorado School of Medicine Housestaff, you are covered for acts within the course and scope of your employment with the University of Colorado Denver. This coverage would include the practice of approved residency activities at the University of Colorado Hospital, at any affiliate institution and at any out-of-state institution (with prior approval of department and Associate Dean of GME) as part of your educational program. Professional liability coverage is provided to residents as a benefit of employment.

Stipend

rev 07/24/09