The stipend schedule in effect for the 2020-2021 academic year is as follows:
Benefits (As of June 26, 2020)
Each bi-weekly stipend check represents 1/26 of the annual stipend rate.
Bassett pays initial and subsequent New York State Licensing fees for all eligible PGY-2 House Officers and beyond during their training at Bassett and requires that House Officers be licensed by October of their PGY-2 year.
PGY-1 residents will receive an educational allowance of $895 per academic year to purchase medical textbooks, medical journal subscriptions, medical applications software, compatible with any handheld device and medical society dues. PGY-2 residents will be allowed up to $1,250, PGY-3 residents will be allowed up to $1,500, PGY-4 residents will be allowed up to $1,750, and PGY-5 residents will be allowed up to $2,000 per academic year for educational expenses. Bassett provides 7 days per academic year for PGY2-5 residents for education leave including travel. All educational travel must be of value and related to the training program and approved by the appropriate Program Director. Other educational travel may be approved on an individual basis by the appropriate Program Director or Director of Medical Education.
Residents moving to Cooperstown for the first time will receive a gross payroll check in the amount of $650. Individual check amounts will vary based on tax withholdings.
This service assists residents with manuscripts, employment/fellowship search letters and curriculum vitae.
Photo/Audio-Visual services are available to residents, at no cost, for presentations within the educational program.
Unlimited photocopying for professional needs is available.
- 3 periods consisting of 7 consecutive days each, per academic year.
- All time should be used by June 15th of the academic year. At the Program Director’s discretion, time may be used after this date if it is scheduled by October 1st of the academic year. Time not used by the end of the academic year will be forfeited unless inability to use time is due to denial by the Program Director.
- For PGY-1s, vacations are pre-scheduled prior to the start of the academic year. For PGY-2s and above, pre-scheduling is at the discretion of the Program Director.
- 5 additional personal days per academic year will be allowed informally after advance arrangements have been made with the Program Director and Attending in charge of the resident’s service. Personal days must be scheduled by May 15th. After this date, scheduling is at the Program Director’s discretion. Days not used by the end of the academic year are forfeited.
Bassett observes 6 calendar holidays per year, which will have a variable effect upon the House Staff depending on requirements of the service you are scheduled on at that time.
Bassett provides full coverage for hospital professional liability.
Beneflex – a program of choices
Residents are eligible to join BeneFlex, Bassett's flexible benefits plan. With BeneFlex, residents choose the type of benefit package that best meets the needs of their family situation and lifestyle. Bassett allocates benefit credits (dollars) in order to "buy" the required basic levels of protection - life insurance, accidental death/dismemberment insurance, and long-term disability insurance. Higher levels of coverage in these benefit areas or the addition of dental insurance, vision care and personal spending accounts is entirely optional and paid for through payroll deduction. If benefit credits (dollars) are left over after all elections have been made, these may be converted into taxable pay.
BeneFlex offers a single Medical Plan called the Bassett Plus PPO. The plan includes Bassett in-network and out-of-network coverage, at varying levels of co-pay. The plan also provides a 3-tier or a 4-tier plan.
2 dental plans are available under BeneFlex. Dental plans are optional and Bassett pays a portion of the cost.
Flexible Spending Accounts
Residents may use the FSA Plan to gain Federal, State, and Social Security tax advantages on eligible health care and dependent care expenses. The Plan requires a voluntary salary reduction in return for tax-free benefits checks. Residents may claim up to $2,700 of qualified medical PSA expenses and $5,000 child care/elder care expenses, in a calendar year.
Long Term Disability
To ensure that income continues should a House Officer become disabled, Long Term Disability provides income replacement if you become ill or injured and unable to work beyond a 6-month total disability period. Benefits are payable for as long as your doctor and the plan administrator agree that you are unable to work.
Group Life Insurance and AD&D
Term life insurance and AD&D are provided at no cost in an amount equal to one's annual salary (maximum $50,000) and includes double indemnity for accidental death and dismemberment. Residents may also choose additional optional life and AD&D insurance for 1, 2, or 3 times salary.
Voluntary Benefits through Payroll Deduction
There are several voluntary benefits that are also made available through the convenience of payroll deduction. For example, through a single vendor, employees can sign up for auto insurance, homeowner’s and renter's insurance. Voluntary Short Term Disability and Cancer Care coverage (AFLAC) are also available through payroll deduction along with Voluntary Dependent Life Insurance through Allstate, and coverage for certain legal expenses through Prepaid Legal, Inc (dba LegalShield).
Bassett provides a host of discounts through the following organizations. These programs offer significant discounts and services that are specially packaged and customized for you.
- Cooperstown Campus Cafeterias – 10% discount on all purchases
- Workplace Energy Program with Mirabito – offers Bassett employees discounts on gasoline, home heating oil, propane and kerosene
- Verizon Wireless – 22% discount on access charges
- AT&T – 24% discount on access charges
- Leatherstocking Credit Union – offers many services, including payroll deduction, Credit Union savings plan, Christmas Club, and loans (car, mortgage, home equity, and personal) at reasonable rates. Checking accounts, direct deposit, and credit cards are also available. There are 2 automatic teller machines (ATM) on campus.
For loss of work resulting from on-the-job injury or illness, Bassett provides full payment of salary for 3 days. After that time, the insurance carrier will provide statutory payment along with related medical cost.
Personal Insurance Plan:
Purchase of supplemental permanent universal life insurance is available. The coverage provides a death benefit, a loan feature, and builds cash value based on current interest rates.
Residents and their family members are eligible and premiums are paid by payroll deduction. Additional term life insurance is available for residents and family members. Both of these programs are available through the Bieritz Agency: (607) 547-2951.
Auto and Homeowners/Renters Insurance are underwritten by New York Central Mutual at discounted rates, and are available to residents and paid through payroll deduction.
Up to 4 days are provided during the term of the residency. These days are for the purpose of interviewing for a residency, fellowship or practice positions and require approval from the Office of Medical Education and Attending in charge of the resident's service. Days not used by June 1 will be forfeited.
- Residents will be given full pay through the disability period recommended by the resident’s physician, but will force a restructuring of the resident’s academic year to meet residency and board eligibility requirements. A disability form needs to be completed and returned to the Human Resources Division prior to the disability.
- Unpaid leave beyond the disability period, not to exceed 12 weeks including the disability period, will be granted by the Program Director and the Director of Medical Education under the provisions of the Family Medical Leave Act, but will force a restructuring of the resident’s academic year to meet residency and board eligibility requirements. The Request for Family/Medical Leave form and the Medical Leave Certification of Health Care Provider form must be completed and returned to the Human Resources Division prior to the leave.
Paternity Leave and Adoption Leave:
Unpaid leave, under the provisions of the Family and Medical Leave Act of 1993, of up to 12 weeks will be granted by the Program Director and Director of Medical Education, but will force a restructuring of the resident’s academic year to meet residency and board eligibility requirements. The Request for Family/Medical Leave form and the Medical Leave Certification of Health Care Provider form must be completed and returned to the Human Resources Division prior to the leave.
Paid Family Leave:
Paid Family Leave is a benefit which offers paid time off so that an employee can bond with a newborn, adopted, or fostered child; care for a family member with a serious health condition, or assist loved ones when a family member is deployed abroad on active military duty. Employees must have worked at least 6 months to be eligible for PFL. PFL can extend beyond the 12 weeks offered by FML. Please contact Human Resources for more information.
Please see the Leave of Absence Policy #001.G-HR.
- Residents must notify the Chief Resident or Program Director as appropriate, for all short-term illnesses.
- After the second day of illness within 30 days, the House Officer must be evaluated by a primary care provider and the Program Director notified of the expected duration of the sick leave.
- Illnesses that remain unresolved after 7 days will need to be reevaluated on a weekly basis while the disability program is in effect. A disability form needs to be completed and returned to the Human Resources Division.
- Unpaid leave, under the provisions of the Family and Medical Leave Act of 1993, of up to 12 weeks will be granted by the Program Director and Director of Medical Education, but will force a restructuring of the resident’s academic year to meet residency and board eligibility requirements. The Request for Family/Medical Leave form and the Medical Leave Certification of Health Care Provider form must be completed and returned to the Human Resources Division prior to the leave.
Medical Leave - Extended Illnesses:
- Stipends will continue for up to 180 consecutive days of extended illness.
- Circumstances of the illness and the appropriateness of continuing full stipend will be reviewed by the Director and Administrative Director of Medical Education, Vice President for Human Resources and the Program Director after 30 days and again after 60 days, 90 days, and 120 days.
- Claims for Long Term Disability benefits will be initiated as soon as it appears likely that the illness will extend beyond 6 months.
- The Long Term Disability coverage excludes absences which are caused by pre-existing conditions during the first 11 months one is enrolled. There is no waiting period for new illnesses or injuries.
Overnight, Weekend and Holiday On Call Food:
There is an on-call food allowance of up to $9.00 per call when on qualifying rotations.
Uniforms for residents are provided through a rental service paid for by Bassett.
House Staff Lounge:
A House Staff Lounge including cable television is available for use 24 hours per day. In addition, there are snacks and a stocked refrigerator provided for residents on overnight call.
On-Call Rooms are available for residents on call overnight.
Bassett’s Medical Library is open 24 hours a day, 7 days a week, and offers both an extensive on-site collection as well as electronic access to journals.
Computers equipped with windows, word processing, database, spreadsheet and presentation graphics software, as well as internet access, are available for use by residents.
Maintaining balance in your life
Employee Assistance Program
This program is designed to help you assess and cope with problems – marital, family, or financial difficulties, substance abuse, physical or mental illness - that can affect both the quality of your life and your performance at work.
Health and Wellness Program
This is an employee program offering a free wellness screening and a variety of other wellness initiatives.
Clark Sports Center
Located within walking distance from Bassett, the Center offers exercise, wellness, and nutritional education programs as well as a variety of fitness equipment to promote a healthy lifestyle. Membership fees can be paid through payroll deduction.
Pastoral counseling is available for conversation, prayer, moral support, and help with other religious and spiritual needs. Employees are invited to visit the chapel for some quiet time, if needed.
Childcare at The Brookwood School
Bassett partners with a local Cooperstown provider to help employees secure child care. Bassett Healthcare has reserved day care slots exclusively for children of Bassett employees. Bassett employees will receive a 10% discount from standard day care cost. As a Bassett employee you may also pay your child’s tuition fee through a convenient payroll deduction.
Bassett allows leave of up to 3 days with pay for a death in an employee’s immediate family. Immediate family includes: spouse or domestic partner, parents, grandparents, children, grandchildren, brothers, sisters, mother-in-law and father-in-law.
Resources to help manage your finances
Leatherstocking Credit Union
Membership allows the use of the following services: checking and savings accounts, certificates and loans, and credit cards. Direct deposit is available.
Tax-Deferred Retirement Savings Plan
Residents are eligible to participate in any of Bassett's Retirement Plan savings accounts at their expense. The formal salary reduction agreement allows the resident to defer taxes on personal contributions while building a retirement fund.
College Savings Plan
Bassett offers you the opportunity to save for educational expenses through payroll deduction to a section 529 plan. These plans are offered through Upromise and allow employees to save money, tax-free, for secondary education expenses for themselves, their children, or other relatives. There are also state and federal tax incentives for enrolling in these plans.