Compensation and Benefits

Henry Ford Health System provides a generous compensation package for residents and fellows. The package includes a competitive stipend schedule and a comprehensive benefit package designed to meet the needs of our residents and their families.

 Graduate Year 1 $44,138*
 Graduate Year 2 $46,553*
 Graduate Year 3 $48,604*

Insurance Benefits
• Medical & dental insurance covering the resident (and family), including prescription coverage with low cost co-payment
• Optical insurance
• Disability insurance
• Non-contributory and contributory term life insurance and accidental death and dismemberment  insurance
• Professional liability coverage and malpractice insurance

Additional Benefits
• Participant travel funding (resident as panelist, author, moderator or speaker listed in an official program of a society or national meeting) - up to $1500 per resident per academic year.
• Educational funds (books, attendance at educational conference or board review courses) - up to  $1250 for residents year three and above.
• Book funds are available for books, PDAs, and other related education items ($300 total for years 1&2  or $150 per year). See Department of Medical Education "House Staff Manual" for eligible items.
• Vacation: Three weeks per year for residents in years one and two; Four weeks for residents in year  three.
• Michigan License fee paid (full for temporary licenses and partial for permanent licenses)
• Discounted automobile purchase eligibility through the Ford Motor Company "X" Plan (after 60 days of  employment). This "X" plan can save you money on the purchase or lease of a Ford Plan automobile  (includes, Ford, Lincoln, Mercury, Mazda, Volvo, and Land Rover ).
• Dearborn Federal Credit Union services located on Main Hospital Campus, with ATM machines located in  the hospital building. Comerica Bank is located just across the street Direct deposit of paycheck - through all banks
• Free parking in Staff Garage.
• Personalized Lab Coats (four coats as an intern, and two additional in third year).

* Current to November 2007
(Salaries are reviewed each year and adjusted to market rates)