MassBio® Enters into Exclusive Partnership with Harvard Pilgrim Health Care to Offer Members Competitive Employee Benefits at a Lower Cost
Edge Benefits program includes comprehensive array of benefit offerings, including medical, dental, life and disability, vision, and voluntary plans
March 2, 2020 (CAMBRIDGE, MA) – The Massachusetts Biotechnology Council (MassBio®) today announced that it has entered into an exclusive agreement with Harvard Pilgrim Health Care to offer member companies quality health plans through MassBio’s new program called Edge Benefits, which features a higher level of benefits and service at a lower cost. Edge Benefits includes a comprehensive array of benefit offerings, with medical, dental, life and disability, vision, and voluntary plans – administered via a state-of-the-art benefit administration platform.
“The life sciences ecosystem in Massachusetts is evolving at an incredible pace, and MassBio and Harvard Pilgrim Health Care are coming together to define the future of health insurance for the industry,” said Robert K. Coughlin, President & CEO, MassBio. “Access to quality, competitive, and inclusive benefits is critical to attracting talent to keep our cluster on top, but it’s also a major burden for many companies. That’s why we’ve entered into an exclusive agreement with Harvard Pilgrim to offer MassBio members a suite of employee benefits at a significantly lower cost, while alleviating administrative burden and improving access to quality programs. We’re proud to bring Edge Benefits to our members so they can focus on what they do best – improving patient lives.”
The Edge Benefits program includes a broad spectrum of competitive offerings with initial savings of 5-10% on premiums, and deductibles starting as low as $500 for individuals and $1,000 for families. Benefits of choosing Harvard Pilgrim and Edge Benefits include:
- Special preferred pricing and exclusive benefit enhancements not found in standard health plans
- Varied product options to choose from to meet member companies’ unique needs
- Health plan transition and decision support
- Convenient access to care with $0 copay for telemedicine virtual visits
- Lower out-of-pocket costs and cash rewards when members choose lower-cost, high quality facilities for certain tests and procedures with the Reduce My Costs program
- Rich maternity benefits and support for parents
- And more
“Harvard Pilgrim is excited to partner with MassBio and offer its member companies diverse, innovative and affordable benefits that meets the needs of their employees,” said Beth Roberts, Senior Vice President of Commercial Business for Harvard Pilgrim Health Care. “As we have for over 50 years, Harvard Pilgrim is committed to improving the health and wellness of our members and their communities, and to empowering our members to take an active role in their health care decision-making. We look forward to working closely with the members of MassBio to assist them with all of their health insurance needs.”
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MassBio is a not-for-profit organization founded in 1985 that represents and provides services and support for the Massachusetts life sciences industry. MassBio is committed to advancing Massachusetts' leadership in the life sciences to grow the industry, add value to the healthcare system and improve patient lives. Representing more than 1,300+ biotechnology companies, academic institutions, research hospitals, and service organizations involved in life sciences and healthcare, MassBio works to advance policy and promote education, while providing member programs, events, industry information, and services. For more information, visit www.massbio.org
About Harvard Pilgrim Health Care
Harvard Pilgrim and its family of companies provide health benefit plans, programs and services to more than 3 million customers in New England and beyond. A leading not-for-profit health services company, we guide our members – and the communities we serve – to better health.
Founded by doctors 50 years ago, we’re building on our legacy. In partnership with our expansive network of doctors and hospitals, we’re improving health outcomes and lowering costs through clinical quality and innovative care management.
Our commitment to the communities we serve is driven by the passion of the Harvard Pilgrim Health Care Foundation. Through its work, low- and moderate-income families are gaining greater access to fresh, affordable food — a cornerstone to better health and well-being.
To learn more about Harvard Pilgrim, visit harvardpilgrim.org.