Benefit Highlights for Residents

Rosalind Franklin University of Medicine and Science offers a choice of an HMO or PPO medical plan, life insurance, and disability. The premium for these benefits is paid entirely by the university. The Flexible Spending, Health Savings Account (if enrolled in a HDHP) and retirement plans are based on a contribution determined by the Resident. The Flexible Spending, Health Savings Account, Superior Vision and Delta Dental insurance are paid by payroll deduction. Below is a brief description of these plans.

Medical Plans

• Choose Between Traditional PPO and High Deductible Health Plan (HDHP) with optional Health Savings Account (HSA)
  • You can see any qualified PPO provider that you choose (out of pocket cost increases when care is out of network)
  • Includes prescription
  • Annual deductible must be paid before benefits start
• Or choose Blue Cross Blue Shield HMO Illinois or HMO Blue Advantage
  • Includes prescription and vision coverage
  • All care must be coordinated by your BCBS HMO primary care physician or woman’s primary health care provider
  • With the exception of emergencies, all care must be provided by your chosen primary care physician
  • You must select your Primary Care Physician when you enroll (www.bcbsil.com)
  • No annual deductible/no co-insurance (copays apply)

PPO Dental Plan: Provided by Delta Dental (www.deltadentalil.com)

• You can see any qualified dentist you choose (out of pocket cost increases when care is out of network)
• $50 annual deductible/$1500 annual maximum benefit
• Two networks available to save you money. Choose “Delta Dental PPO” network for lowest fees

Vision Plan – Superior Vision

• Benefits through Superior National Network
• Low co-pays for exams, materials, and contact lens fittings; additional discounts offered by some in-network providers

Short & Long-term Disability Insurance

• Employees with at least 12 months of eligible service will receive 100% of their regular pay for up to 12 weeks, inclusive of the elimination period. Employees with less than 12 months of service will receive 80% of their regular pay for the period of disability.
• University paid long-term disability insurance provides up to 60% of weekly salary for covered claims.
• You must apply through Human Resources if you are unable to work because of accident, illness or pregnancy.

Life Insurance

• University paid life insurance equal to 1 ½ times annual base salary (up to $50,000 limit)

Voluntary Life Insurance

• Allows the Resident to purchase between 1 and 5 times the annual base salary to protect your family’s financial security.

Flexible Spending Accounts (FSA)

• Both Dependent and Medical FSAs are offered on a pre-tax basis
• FSAs allow you to use pre-tax dollars to pay for eligible out of pocket medical expenses or dependent care expenses.
• Health Savings Account (if enrolled in our HDHP) allows you to use and save pre-tax dollars to pay for eligible health care expenses for now or in the future

Retirement Plan – TIAA

• Residents may make unmatched contributions to a 403(b) Group Supplemental Retirement Tax Deferred Annuity plan through pre-tax and post-tax dollars.

Vacation and Sick Time

• Vacation and sick time are handled directly through your residency program. Vacation time allotted during the academic year is based upon time worked during the same academic year and cannot be carried over to a subsequent academic year. If vacation time is not used during the academic year in which it was accrued, it is subject to forfeiture. To learn more about your program’s leave policies, consult with the Director of your residency program.
• The information on this sheet is provided as a summary of highlights of the various plans described and is subject to change. Specific details of each program are contained in the Plan Document. In the event of a discrepancy, the plan document will prevail.