Contracts · Clause library

Benefits clause

The benefits the employer provides, such as health insurance, retirement contributions, paid time off and an education allowance.

Employer-friendly
Physician is eligible for standard benefits, which include basic health insurance and a retirement plan without employer contributions.
Physician-friendly
Physician receives health insurance with 75% of the premium covered by the Employer, a retirement plan with matching contributions up to 3%, and a yearly professional development allowance.

Sample wording written by Andwise for illustration. It is not model contract language.

Questions to ask

  • When does retirement matching start, and what is the vesting schedule?
  • Is CME time separate from vacation?
  • Are licensing, board and DEA fees covered?
Find this clause in your contract

In the contract guide

  1. Maximizing Retirement Savings: Understanding Tax-Advantaged Accounts and Employer Matches

    Tanya Frias, CFP®, ChSNC® · Financial Education

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  2. To Err is Human: Physician money mistakes, part 1

    Varun Verma, MD · Physician Perspectives

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  3. Transitioning to Part-Time Work: Guide for Physicians

    Ishmael Williams (Andwise Team) · Financial Education

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  4. Preparing for the Unexpected: Emergency Funds for Physicians

    Varun Verma, MD · Physician Perspectives

    StudentsResidentsEarly careerMid career
  5. Job Contract Negotiation: Non-Salary Items to Consider

    Jennifer Bepple, MD MMCi · Physician Perspectives

    ResidentsEarly careerMid career
  6. Mastering Tax Planning: A Year-Round Guide for Employed Physicians

    Tanya Frias, CFP®, ChSNC® · Financial Education

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Not legal advice. How a clause works in your contract depends on its exact wording and your state's law. Have an attorney licensed in your state review it before you sign.

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