Benefits & Compensation
As of 2024, Northwell is currently providing the following salaries to residents:
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PGY-1 $80,465
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PGY-2 $83,600
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PGY-3 $85,690
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Health and Welfare Benefits:
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Choice of 3 medical plans, along with prescription coverage, 2 dental plans through Cigna, vision coverage through Davis Vision, flexible spending accounts through Payflex
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Benefits begin day 1. Cost of premiums highly subsidized through employer
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Short-Term Disability coverage up to 12 weeks salary continuation, followed by 50% Employer Paid or 60% option, automatic Long-Term Disability offered at 60% Employer Paid
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First six weeks of the first approved medical, parental, or caregiver leave(s) of absence – 100% fully paid
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Life Insurance offered at 1.5 times base salary up to $500k, additional supplemental Life Insurance between 1 to 5 times base salary up to $1 million
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Retirement:
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401K Matching Program for Residents and Fellows
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Effective July 1, 2022​
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Immediate Eligibility
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Employer Match up to 3% of voluntary contribution
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100% vesting (and fully transportable) after 2 years of employment. Each year counts towards future attending vesting period- even if there is an interruption in Northwell employment (e.g. leaving for fellowship elsewhere and then returning as an attending)
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Malpractice Insurance: Full coverage, including tail, provided by Northwell
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Vacation: 20 days of paid time off per contract year.
Uniforms/Swag: we provide scrubs and white coats, as well as one swag item such as fleece or sweatshirt
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Parking: free access to the hospital parking garage
Meal Allowance: approximately $190 is added monthly to supplement food expenses.
Subscriptions: ACEP membership; EMRA membership; EMRAP; ECG Weekly; Rosh Review and PEER Question Banks are all paid for by the residency.
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PGY-3's are also provided with paid attendance to a Virtual Oral Board Prep Course through the Illinois College of Emergency Physicians.
PGY-3 Conference: We will fund attendance for all PGY-3 residents to attend the national SAEM conference, held annually in May. Future conference locations include Philadelphia, Atlanta, San Francisco, and Austin.
Support to attend conferences: at any time throughout residency training, if any scholarly activity is accepted for presentation to a national or regional conference, the residency program will fund and support your attendance.