Stipends and Benefits
The Internal Medicine Program at Iowa Methodist Medical Center offers a competitive salary and a comprehensive benefits package, including such perks as free meals and free parking.
Explore what we have to offer. Stipends and benefits described below are for the 2020-2021 academic year. If you have any questions about our benefits, please contact us.
The annual stipends for the respective levels are as follows:
- R1 - $62,179
- R2 - $63,329
- R3 - $65,056
$750 relocation allowance is given to all incoming residents.
Health Insurance and Resident Reimbursement Plan
Residents have two health insurance option available, our Employee Network Plan and our Health Savings Plan. If residents choose the Network plan, an annual health insurance bonus that partially funds the cost of a single-coverage health and dental insurance premium is given to each resident at the beginning of each academic year. In addition, residents and their families, if covered by the hospitals' Network health insurance, are eligible to have post-insurance payment balances on medical bills paid through a fully funded medical spending account, if the medical expenses were incurred within the UnityPoint Health - Des Moines hospitals.
The program provides group life insurance equal to the resident's annual stipend at no charge to the resident.
Resident Liability Coverage
General and professional liability coverage is provided for residents enrolled in the residency program through a combination of commercial insurance and self-insured retention. Coverages are not less than $1,000,000 per occurrence and $5,000,000 aggregate per policy year.
Short and Long-Term Disability Coverage
Short and long-term disability coverage is provided to residents effective on their first day of employment. Short-term disability coverage (STD) is used when the resident is away from work for at least seven (7) days due to a non-work related illness or injury. STD pays 60% of weekly earnings for a maximum of 26 weeks with no waiting period. Long-term disability insurance coverage is provided to residents effective on the date of employment. This ensures that residents will receive a minimum of 70% of their monthly salary if they are disabled due to illness or accident, on or off the job, following a 90-day qualifying period.
All residents receive 20 days of paid vacation per year.
Additional Education Funds
Residents are allocated $700 per year that can be used to purchase textbooks, educational software or to attend approved medical meetings.
Library services are provided free to residents and include literature searches, interlibrary loans and photocopying. Residents have 24-hour access to the library where computers and wireless internet access are available for research. The collection includes some 6,100 books, 280 journals and electronic journals. Databases include UpToDate, Access Medicine, Natural Standard, MdConsult, PubMed and other resources.
Extra Benefits and Perks
- Free Parking: All residents may park in a reserved area of the hospital parking facility at no charge.
- Meal Support: A $150/month meal allowance is provided for all residents.
- Paid Licensure: Fees for resident licenses required by the residency program are paid by the program.
- Lab Coats: Free lab coats are provided to all residents.
- Free Fitness Center on Premises
- Day Care Services on Premises
- Counseling Services
- Specialty Society Membership Benefit