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.
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.”
For early access to the exclusive Edge Benefits program, email benefits@massbio.org
