Help with job offer

[Village]

Hi guys I need some advise how to negotiate this outpatient job working for an insurance company.
Experience: 11 years
Schedule: Four 9-hour days (Tuesday to Friday)
Admin Time: 30 minutes daily
On-Call: 7 days every 2 months (if after-hours call center can’t handle it)
Base salary : $250,000
$20,000 sign-on bonus (after 60 days),

Benefits:
Malpractice Insurance: $30,000
HMO Health Ins. - Family Coverage $ 24,000
Group Life Insurance: $1,100
Long-Term Disability: $1,600
Retirement Plan (4% match after 1yr): $10,000
Personal Leave Time (PLT): 6weeks $30,716.503
CME Days: $3,605.85
Licenses, Fees, Dues: $1,264.17
Up-To-Date Subscription: $554
CME Allowance: $3,000
Cell Phone Allowance: $300
EIP Bonus: $10,000
total package value $366,140.52

This is an HMO, my kids are not eligible for free health insurance worth $24k as they are already on another plan. My proposal $290k, no sign on bonus, health insurance for me alone, adjust admin time to 45mins. Any suggestions please ?

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[splik]

Im very confused about this valuation. why would malpractice be $30k? Even in michigan (where malpractice premiums are by far the highest for psych) I doubt it would be that much. For comparison my malpractice occurence based plan is about $5k.

Why are your CME days and personal leave valued? Do you get extra pay for them? It sounds like you are salaried. Your 250k figure includes vacation/sick/CME leave. presumably your organization has an uptodate subscription or are they paying you for an optional one? In the former case, you don't cost this as a benefit. And if your kids dont get insurance the cost is only for your and your spouse which is probably not 24k.

 

[Village]

I agree with you. $30k for malpractice with tail is too high. That's more in the Obgyn range.
CME and personal time should not be valued.
They have an upto date subscription in place.
My kids dad has his own insurance with the kids on his plan. One of the exclusion criteria for coverage for the kids on this HMO plan is that they cannot be on another insurance plan.

 

[SmallBird]

It looks kinda bad? I only interviewed for one insurance job and there was no call, no 9 hour days, better benefits and it paid $320k.