Physician Contract Glossary · Benefits & Leave
Fringe Benefits
Fringe benefits are the non-salary parts of your compensation: insurance, retirement, leave, and allowances.
Fringe benefits are everything of value beyond your base pay: health and disability insurance, retirement contributions, paid leave, CME allowance, licensing and dues coverage, sometimes loan repayment. They can add a meaningful percentage to the real value of an offer, and they are frequently easier to negotiate than salary because they do not reset the practice's pay scale.
Add the value of the full benefits package when comparing offers, not just the salary. A lower salary with strong retirement matching, full malpractice and tail, and a real CME allowance can beat a higher number with thin benefits.
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