Benefits

Your financial well-being is important to us. Whether you are saving for medical expenses or thinking about retirement, our programs give you the opportunity to set aside funds so you can spend them on the things that are important to you. 

Savings accounts

Mass General Brigham offers savings accounts so you can save tax dollars and reduce your out-of-pocket expenses. We offer three types of savings accounts: 

Health Savings Account (HSA): Our High Deductible Health Plan offers an HSA, so you can save tax-free dollars to pay for eligible medical, prescription drug, dental and vision expenses. Mass General Brigham will also contribute to your account. When you save enough, you can start investing these dollars too!

•  Health Care Flexible Spending Account: Contribute pre-tax dollars to reimburse yourself for out-of-pocket eligible medical, prescription drug, dental and vision expenses.

• Dependent Care Flexible Spending Account: Contribute pre-tax dollars to reimburse the cost of eligible dependent care expenses such as preschool, summer day camp, before- or after-school programs, and child or adult daycare. 

Retirement

Whether you are just starting your career or nearing a major milestone, it is important to plan and save for your future. Mass General Brigham’s retirement benefits include a Cash Balance plan, a 403(b) plan, and a Retiree Medical Savings Account (RMSA) for eligible employees.

•  Cash Balance Retirement Plan: Eligible employees age 21 and older with a year of service are automatically enrolled. Each year that you work at least 1,000 hours, Mass General Brigham credits your account based on an age plus years of service formula. Your account grows in value through interest guaranteed to be at least 5%. Contributions are vested after completing three years of vesting service

• 403(b) Retirement Savings Plan: Benefits-eligible employees are enrolled automatically at a 2% per-pay period contribution. You may change your deferral rate (including opting out) at any time of the year. You may choose Traditional (pre-tax) and/or Roth (after-tax) contributions. Contributions will automatically default to the appropriate Vanguard Target Retirement Date Fund based on age or you may choose from a wide range of investments available through Fidelity and TIAA. Once eligible for the 403(b) employer match, Mass General Brigham will match 100% of employee contributions per-pay period, up to 2% of total pay that you contribute to your 403(b) each pay period. The employer match does not count toward the annual voluntary contribution limit. You are vested immediately in your own contributions and vested in the employer match after three years of vesting service (1,000 hours worked).

• Retiree Medical Savings Account (RMSA): Mass General Brigham offers a RMSA to help save for post-tax medical expenses in retirement. Benefits-eligible employees aged 50 or older can contribute up to $4,500 per year. The RMSA accrues guaranteed interest credits of at least 5% per year.

• Via Benefits: Employees aged 63 and older and those who contribute to the RMSA beginning in 2024 will have access to Via Benefits, an online retiree medical marketplace where you can learn about and purchase Medicare Supplement and Medicare Advantage plans. 

Disability

Part of boosting your financial well-being means planning for the unexpected. Disability benefits help protect you and your family by providing a portion of your income if you are unable to work because of an illness or accident. Mass General Brigham offers comprehensive leave and disability programs to ensure you have the time and support you need when you need it.

• Short-term disability (STD): You are automatically enrolled in employer-paid STD coverage of 60% of your base pay up to $3,000 per week. You also have the option to purchase additional coverage up to 75% of your base pay up to $3,000 per week.

• Long-term disability (LTD): You are automatically enrolled in employer-paid LTD coverage of 60% of your monthly salary up to a maximum of $10,000. You also have the option to purchase additional coverage up to 70% of your monthly salary up to a maximum of $17,500. 

Employees regularly scheduled to work 20 hours or more per week are eligible for benefits. We offer four tiers of coverage across our medical, dental and vision plans to ensure you only pay for the care you need. You can choose from Employee Only, Employee + Spouse, Employee + Child(ren) or Employee + Family coverage.

Medical plans

Mass General Brigham offers three medical plan options to choose from – the Premium EPO Plan, the Core PPO Plan and the High Deductible Health Plan with a Health Savings Account. Coverage under all three plans is provided by Mass General Brigham Health Plan, including their extended network with UnitedHealthcare Options PPO for nationwide coverage. Preventive care is covered at 100% under all three plans. All plans offer comprehensive prescription drug coverage by CVS Caremark.

• Premium Exclusive Provider Organization (EPO) Plan
  With the Premium EPO Plan, you are only covered if you receive medical care from providers within the network. You will pay lower out-of-pocket costs when you receive care, but higher costs out of your paycheck.
  
  
• Core Preferred Provider Organization (PPO) Plan
  The Core PPO Plan offers more flexibility by providing coverage when you receive care in- and out-of-network. Compared to the Premium EPO, you will pay higher costs when you receive care, but lower costs out of your paycheck.
  
  
• High Deductible Health Plan (HDHP) with a Health Savings Account (HSA)
  The HDHP with an HSA offers the same flexibility as the Core PPO (coverage for in- and out-of-network care). You will pay the lowest costs out of your paycheck; however, you will pay the full cost when you receive care until you reach the deductible, at which point the plan will begin to share the costs. The HDHP offers an HSA that Mass General Brigham will contribute to on your behalf. You may also contribute funds on a pre-tax basis, helping to reduce your taxable income. Your HSA account can earn investment income and you can withdraw funds tax-free for qualified medical expenses.

Dental plans

Mass General Brigham offers two dental plans to choose from through Delta Dental – a Core Plan and a Buy-up Plan. The Buy-up Plan allows you to enhance your benefits with a higher annual maximum and coverage for orthodontia services. The Core Plan has a lower annual maximum and does not cover orthodontia services. Preventive care is covered at 100% under both dental plans.

Vision plan

Although an annual routine eye exam is provided under the medical plans, Mass General Brigham offers an employee-paid vision plan to ensure that we meet all your eye care needs. Administered by Davis Vision, this coverage provides you with access to eyewear and a wide range of discounts. Under the Davis Vision Plan, one eye exam is covered per calendar year at 100% with a $10 in-network co-pay.