ANSWERS: 1
  • The medical specialty of pediatrics deals with preventing, diagnosing and treating illness and disease in children under the age of 18. In addition to average salaries of $67,782 to $163,176, PayScale.com January 2010 reporting indicates pediatricians frequently receive benefits.

    Vacation Time

    Beside paid holidays and sick leave, pediatricians typically receive paid time off for vacation, reported to PayScale.com to range from 2.6 to 3.3 weeks of vacation time per year.

    Malpractice Insurance

    Pediatricians often receive malpractice insurance from their employers---a considerable benefit as liability insurance usually starts at $35,000 and may cost hundreds of thousands in some locations, reports the U.S. Department of Health and Human Services.

    Bonuses

    Pediatricians often receive annual bonuses based upon performance or tenure, with some reporting bonuses that averaged $3,978 to $10,075, explains PayScale.com.

    Retirement

    Retirement benefits for pediatricians include 401k retirement plans or the equivalent 403b plans given to employees of non-profit institutions. Specialists at for-profit practices or hospitals sometimes receive profit-sharing payments as well, and PayScale.com indicates that pediatricians average payments of $4,500 to $19,500 from their employers.

    Other Benefits

    Pediatricians may also get health, disability and life insurance as well as company-issued cell phones. Most states require pediatricians to earn continuing education credits to maintain their medical licenses, and many employers cover the cost of the courses required to earn this credit as an added benefit.

    Source:

    PayScale.com: Job Report for Pediatricians

    U.S. Department of Health and Human Services: Confronting the New Health Care Crisis

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