Salary & Benefits

Lake Granbury Medical Center offers competitive benefits and packages to all residents.

Salaries

2024-2025 AY resident salaries by PGY-level:

• PGY-1: $61,500
• PGY-2: $64,000
• PGY-3: $66,500
• PGY-4: $69,000

Employer-Sponsored Health Insurance Benefits (for Residents & Eligible Dependents)

• Medical Plan
• Dental Care
• Vision Care
• Prescription Drug Plan

Paid Time-Off (PTO) and Leave(s) of Absence

• 4 weeks paid vacation, available the first day of Orientation
• Up to 2 weeks sick leave, available the first day of Orientation
• Up to 6 weeks of One-Time Medical, Caregiver or Parental Leave, available the first day of Orientation and 1 additional week of paid vacation upon Program Director approval

Reimbursed Expenses

• Texas Medical Association (TMA) Membership
• Texas Medical Board Physician-In-Training License
• First attempt of USMLE or COMLEX Step III exam if taken on or after the first day of Orientation

ONMM Only: Registration, travel, and lodging for the ONMM In-Training Exam at the American Academy of Osteopathy Annual Convocation

Educational Allowance

Residents are provided an Educational Allowance of $1,200 each academic year. Funds may be used for books/journals, electronic subscriptions, exam study materials, conference registration/travel, and other expenses as approved by the program director.

Counseling and Psychological Support Services Employee Assistance Program

The Employee Assistance Program is a voluntary work-based program offering free and confidential assessments, short-term counseling, referrals, and follow-up services to employees who have personal and/or work related problems.

Life Insurance

Residents receive life insurance coverage valued at 1 year of their current salary. Additional life insurance coverage is available at the option and expense of the resident physician.

Professional Liability Insurance

Northwest Healthcare Tucson provides resident physicians with professional liability insurance to cover the resident physician while acting in the performance of their duties and assignments within the training program (moonlighting activities are not covered).

Voluntary Benefit Options

• Accident Program
• Critical Illness Program
• Home and Auto Insurance
• Identity Theft Protection
• Legal Assistance Plan
• Short Term & Long Term Disability Insurance
• Flexible Spending Account (FSA)
• 401K Matched Savings

Other Benefits Include:

• Workers’ Compensation
• Embroidered White Coats
• Accidental Death & Dismemberment (AD&D) Insurance
• Basic & Advanced Cardiovascular Life Support (BLS/ACLS)
• Expenses for attending Conferences may be available within the individual departments

The complete Benefits Summary outlining stipends, professional liability coverage, and health/disability insurance accessible to Residents/Fellows and their eligible dependents may be found in the Benefits Summary.

Download the Sample Contract, Benefits Summary, and Relevant Policies: