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Benefits Overview
Every physician and advanced practice clinician in MedStar Medical Group is a vital part of a dedicated team of medical professionals serving Maryland and the Washington, D.C., region.
In addition to working with an extremely high caliber of coworkers in the region’s largest care network, MedStar Medical Group physicians enjoy a comprehensive and competitive set of benefits unique in their depth and breadth.
Designed to serve the many and varied needs of busy professionals like you, the benefits offered by MedStar help busy people live better so they can work smarter. In addition to what MedStar provides for your core benefits, such as medical, dental, vision, life, and disability, MedStar Medical Group benefits offerings help you save for retirement, plan for an elderly relative or shave some points off your BMI. They also offer access to legal services, counseling, healthy resources, and discounts on a wide range of products and services.
This overview is intended to be a helpful tool. Our goal is to offer a suite of benefits and programs that can help you and your family achieve good health and reach your overall financial and well-being goals.
Benefits Overview
Health, Dental and Vision Insurance
- Choose from 3 medical coverage options: MedStar Select, CareFirst BlueCross BlueShield PPO or Kaiser Permanente HMO*
- Choose from 2 dental plan options: Cigna PPO or Cigna DHMO
- Vision coverage through Group Vision Services
Life, Accidental Death and Disability Benefits
- Employer-Paid Basic Life/AD&D Insurance coverage equal to 1X your annual base salary
- Supplemental Life/AD&D Insurance coverage in amounts equal to 1X, 2X or 3X your base pay, up to a combined maximum of $1,500,000
- Dependent Life Insurance coverage
- Employer-Paid Short-Term Disability—partial salary continuation for up to 26 weeks for approved disability leave
- Employer-Paid Long-Term Disability Insurance—covers 60% of your base annual salary, up to a $15,000 monthly maximum
Paid Time Off (PTO)
- Accrual of 30 days PTO per year (at a rate of 9.23 hours per pay period). PTO balances roll over each year, up to a maximum of 320 hours
- 6 Holidays and 3 Personal days per year
- 5 days paid time off for CME per year
Professional Expense Reimbursement
- Up to $3,000 reimbursed annually for professional expenses, including CME, books/software and dues to one professional society
- Full reimbursement for state licenses, DEA, CDS and board certification/recertification
- $75 per month cell phone allowance
Flexible Spending Accounts
- Up to $2,650/year for your healthcare account
- Up to $5,000/year for dependent care expenses
Retirement Savings Plans 403(b)
- Tax-deferred savings
- MedStar may match 50% of your contributions, up to a maximum of 6% of your earnings
- Eligible for employer match after one year of service and working 1,000 hours or more per year
457(b)
- Non-qualified deferred compensation plan
- Tax-deferred savings
- Eligibility based upon compensation
Capital Accumulation Plan (CAP)
- Voluntary after-tax program that provides supplemental retirement income and life insurance protection to eligible physicians
- Eligible for a match from MedStar Health equal to 50% of after-tax contributions, up to a maximum of 10% of your total compensation
Additional Perks
- Malpractice insurance is occurrence based
- MyHealth Care Advising and MyHealth Maternity
- Legal resources
- Guide and Thrive Employee Assistance Program
- Bank of America and Wells Fargo at-work programs
- Computer purchase program
- Discount health club memberships
- Discount cell phone programs
- BenefitHub online discount shopping program
- Credit unions
- SmarTrip Cards through SmartBenefits
- PetFirst Pet Insurance
- MedStar Inventor Services program through MedStar Institute of Innovation
- Opportunities to teach or conduct research in a MedStar Health hospital or institute
This is a summary of MedStar Medical Group’s benefits for full-time physicians. Some of the information is based upon official plan documents, and summary plan descriptions are the governing source and would supersede the information in this document. Some benefits are prorated for physicians working less than full-time. It is not a guarantee of benefits. Professional expense reimbursements may be subject to change according to policy. *Kaiser Permanente is not offered at all locations.
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Confidential Counseling
Confidential counseling services covering a range of issues—including depression, anxiety, life changes and more—are provided by an EAP care coordinator, who serves as your personal point of contact, confidentially assesses your problems, assists with emergencies and connects you to appropriate resources. Up to five free sessions are available to you and your household members per year. If longer counseling is needed, BHS will help coordinate obtaining care through your medical carrier.
Childcare Services
Childcare services can be time-consuming to locate and manage. Fortunately, EAP provides resources and referrals to help you address your childcare needs, ranging from day care and summer camp options to adoption, nanny care and more.
Convenience Care
Too busy for the little things in life? EAP provides up-to-date national resources and referrals that put a range of conveniences at your fingertips—everything from party planning and pet care to travel and entertainment arrangements, home maintenance services and much more.
Eldercare Services
The needs of elderly loved ones can quickly overwhelm a busy professional and bring undue stress. From in-home medical and nursing services and assisted-living options to adult day care and transportation services, EAP provides resources and referrals to help you manage your family’s eldercare needs.
Financial Services
Get unlimited telephone counseling and information covering such common financial issues as managing debt, funding college, and tax planning and preparation. For complex issues, you can connect with personal advisors and community resources at discounted rates.
Legal Services
Every medical professional needs solid legal support. Get legal advice and support via telephone on such issues as domestic and business matters, landlord and tenant disputes, IRS issues, real estate and more. Local, prescreened, credentialed attorneys are also available at discounted rates.
Secure your financial future.
You work hard. And your benefits include services and plans that help your money work hard too. Services are personalized, confidential and comprehensive.
MedStar Retirement Savings Plan 403(b)
The MedStar 403(b) plan is a tax-deferred savings account that offers professionally managed investment options and a 50% match of investments, up to 6% of earnings. You are 100% vested in your personal contributions from day one. After three years, you are fully vested in MedStar’s matching contribution.
MedStar Health Deferred Compensation Savings Plan 457(b)
The MedStar 457(b) plan provides an additional way to save for retirement, with the potential for tax savings and earnings growth. Plan participation does not require reducing contributions to your 403(b), and your contributions and any earnings are not taxed until you receive them.
MedStar Health Capital Accumulation Plan (CAP)
This voluntary after-tax program provides supplemental retirement income and life insurance protection to eligible physicians. Your after-tax contributions, which are invested in a variable universal life insurance policy, are eligible for a match from MedStar Health equal to 50% of your after-tax contributions, up to a maximum of 10% of your total compensation. Like the MedStar 457(b) plan, the CAP provides you with the opportunity to supplement your retirement savings.
Wealth Management
As a key member of our professional team, you are eligible to participate in our complimentary wealth management program. Personalized services provided by our Merrill Lynch partners include risk analysis, estate and tax planning, concierge banking and mortgage services, asset protection, and much more as part of our BankatWork program through Bank of America.
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Research
The MedStar Health Research Institute provides MedStar Medical Group members with scientific, administrative and regulatory support for research programs that complement key clinical services in all nine hospitals in the MedStar Health system.
Teaching
You can also join MedStar’s 1,600-provider teaching faculty sharing best practices and mentoring rising generations of MedStar medical professionals.
UpToDate Anywhere
UpToDate Anywhere is a powerful online, evidence-based clinical decision support resource available on your computer and mobile devices. After activation, UpToDate Anywhere provides you with personal point-of-care decision support 24/7. It also records CME credit for researching clinical questions, even when doing so on a mobile device. Coming soon: access to UpToDate Anywhere data via EHR.
Clinical Practice Councils
The purpose of MedStar Medical Group is to create an aligned and engaged provider enterprise that serves as an important clinical and operational anchor for MedStar and, more importantly, the patients we serve. MedStar Medical Group, which is composed of all the employed providers across MedStar Health, plays a compelling role in MedStar’s growth as the provider of choice for patients and their loved ones in this region. Its thoughtful development and evolution will allow us to collaboratively design and implement a systemwide, evidence-based, standardized clinical care delivery model that is tops in the field..
To accomplish this, one of the primary changes of MedStar Medical Group is the activation, development and guidance of specialty-specific clinical practice councils. The councils guide the professional practice of medicine and create consistent models of care, focusing attention on information management, including the optimization of the Cerner® electronic medical record; quality and safety; clinical practice guidelines to reduce variation and enhance outcomes; operational efficiency; and value analysis of medical and surgical equipment and supplies. The work of the practice councils will advance our care delivery model, while providing a voice for MedStar providers with respect to how they practice medicine.
It is important to underscore that MedStar Medical Group is an organization by providers and for providers. Our aim is to involve clinicians, and the teams who work with them, in the meaningful development of how we consistently, effectively and seamlessly deliver care across our Distributed Care Delivery Network. This is not a top-down push, but rather an integrated matrix of feedback and action involving each of you. Our mission together will be to demonstrate the tremendous value a seamless, connected medical group can have on our system and on our patients.