2007 Resident Salaries - Approximate
Mortgage Assistance Program
residents are eligible to participate in the Cottage Health System
Mortgage Assistance Program. This program provides loans equivalent
to second mortgages to employees purchasing a home and otherwise
eligible for a first mortgage from a financial institution. This
second loan essentially provides for a down payment of up to
:$250,000, allowing many employees the opportunity to enter the
realm of home ownership.
Medical and Dental
Dental and hospitalization insurance
is provided without cost to each resident, effective the day training
for families may be obtained for a small additional premium paid
by the resident. In case of illness, any inpatient account at Santa
Barbara Cottage Hospital for residents or their immediate families
which is not reimbursed by insurance, will be absorbed by the hospital.
Worker’s Compensation Insurance premiums are paid by the hospital.
Long-term disability insurance is provided by the
hospital, without cost to the resident.
Santa Barbara Cottage Hospital’s
Insurance Program provides Professional Liability Coverage for
all trainees in the hospital’s Graduate Medical
Education Program. The hospital’s insurance program includes modified
occurrence coverage for acts or omissions which fall within the scope of the
education program. The hospital is self-insured for the first tier of coverage,
and has an outside insurer for more substantial claims.
The physician’s coverage carries a "built-in" tail
coverage for up to seven years following the hospital’s departure
from its current insurer, should the hospital change insurers.
Thus, all physician claims reported or filed after the resident’s
completion of the Graduate Medical Education Program would be covered.
The coverage afforded to the physicians is consistent with the
coverage provided to the hospital itself.
On Call Meals
Meals tickets are furnished for use
when the resident is on call. Meals are otherwise not included
as part of the resident’s
remuneration. However, lunch is provided at our daily weekday
Parking is provided at no charge to all
residents. The hospital has a parking structure located just
across from the hospital.
White coats and scrubs
are provided to each resident without charge. Laundering is
It is our philosophy that attendance
by residents at national or regional conferences fosters the
of the resident and his or her cohorts. Second- and third-year
residents are therefore allotted time (in addition to their
usual vacation time) and are provided a stipend up to $1250.00 to attend one major
conference per year.
Incoming Residents are given a $2000 stipend to assist with relocation to Santa Barbara