Benefits
Our generous compensation and robust benefits mean you don't have to choose between meaningful work and financial security.
“I am constantly hearing from colleagues at other non-PAGNY institutions about how robust and extensive our fringe benefits are compared to their own. In particular, our health care plan is incredibly generous, covering necessities that most plans nationally omit. And our 401k plan, with its 10% employer contribution and excellent low-cost options, makes saving for retirement easy and feasible. PAGNY’s offering of top of the class benefits helps us attract and retain top notch staff.”
Stephen M. Blumberg, MD
Fellowship Director & Associate Division Director
Pediatric Emergency Medicine
Jacobi Medical Center
Associate Professor of Pediatrics
Albert Einstein College of Medicine
Health Insurance
- Medical Insurance: Top-tier plans with employee contributions significantly below market rates starting on day one of employment. Three plan options through Aetna that offer in- and out-of-network benefits. No in-network deductible or co-insurance, just a small co-pay.
- Prescription Coverage: Through CVS Caremark. All major pharmacies are considered in-network. Zero-dollar co-pay for generic drugs.
- Dental Insurance: Two plan options through Guardian. In network Preventive and Basic services are covered at 100%. Benefits start on day one of employment. Dental coverage for Doctor Council members is provided by the Union.
Life and Disability Insurance Benefits
- Life Insurance: PAGNY-paid term Life Insurance up to $250,000 or $300,000 with an option for additional employee-paid coverage for self, spouse, and child.
- Short-Term Disability Insurance: New York State Statutory benefit with an option to purchase supplemental coverage.
- Long-Term Disability Insurance: 100% paid by PAGNY. 60% of monthly earnings capped at either $10,000 or $15,000.
Financial and Savings Benefits
- 401(k) Company Contribution (subject to IRS contribution limits):
- Employees are immediately vested in a 3% company contribution of base earnings. No employee match is required.
- After one year of service, employees receive an additional 7% company contribution of base earnings. No employee match is required.
- Healthcare and Dependent Care Flexible Spending Accounts (FSAs).
- Pre-tax employee-paid contributions for commuting expenses.
Paid Time Off (PTO)
- Generous annual PTO including accrued vacation days, sick days, and holidays.
Additional Benefits Include:
- As a member of the PAGNY sponsored Aetna Medical Plan you have access to the Employee Assistance Program (EAP) provided by Aetna called Resources for Living. The Resources for Living EAP program is a professional service that is designed to help individuals address issues that arise in everyday life, both at work and at home.
Additional Benefits for Eligible Clinical Employees:
- Annual Continuing Medical Education (CME) Days and Reimbursement Allotments.
- Loan Forgiveness:
- Many positions may be eligible for loan forgiveness through certain state or federal programs.
- Medical Malpractice Coverage (equivalent to occurrence-based):
- Provided at no cost to the employee.
- Paid Parental Leave
- PAGNY Physician Wellness Centers – These designated spaces offer a moment of reprieve from work duties and a serene space for relaxation, rejuvenation, as well as connection to our wellness teams.