Salary and Benefits
Our compensation package is structured to rank in the top tier of Texas programs.
An added benefit is that Waco enjoys a cost-of-living index well below the national average with many affordable housing options in reach, including home ownership.
Additional benefits include:
- Employer-covered, personal health insurance (100%)
- Employer-sponsored, shared dependent health insurance (50%)
- Dental insurance
- Cafeteria plan, flexible spending accounts (FSA) – health, dependent care, and premium expenses
- Life and disability insurance – life insurance for 2x annual salary, 4x annual salary for accidental death; disability insurance for 60% of income
- Workers compensation insurance
- Malpractice insurance – Federal Tort Claims Act (FTCA) coverage
- 403(b) retirement plan
- Certifications: ACLS, NRP, PALS, ALSO, Nexplanon
- Texas medical license reimbursement – prorated
- UpToDate – institutional subscription
- Meals – free conference meals, free hospital meals, on-call meal vouchers
- Free parking
- Dues – AAFP, TMA
- Lab coats and scrubs
*Moving, cell, and laptop allowances apply to residents and fellows new to WFM.
Compensation
| PGY1 | PGY2 | PGY3 | Fellow | |
|---|---|---|---|---|
| Salary | $59,613 | $61,679 | $64,100 | $66,942 |
| CME, books, medical equipment | $600 | $1,100 | $1,100 | $1,100 |
| Moving allowance* | $2,500 | $2,500 | ||
| Cell phone/accessory allowance* | $500 | $200 | ||
| Personal laptop allowance* | $800 | $300 |
Vacation, time off
| PGY1 | PGY2 | PGY3 | Fellow | |
|---|---|---|---|---|
| Vacation | 10 weekdays | 15 weekdays | 15 weekdays | 15 weekdays |
| CME | 2 days | 1 week | 1 week | 1 week |
| Sick days | 10 days | 10 days | 10 days | 10 days |
Moonlighting
Numerous moonlighting opportunities exist, ranging from our internal acute care clinic to rural emergency rooms.
All moonlighting is coordinated by a designated PGY3 Moonlighting Coordinator.