The Broad Institute expanded its paid family and medical leave benefits for eligible Broadies on January 1, 2020. The plan, which exceeds the requirements of the Massachusetts Paid Family and Medical Leave (PFML) Law, went into effect a year before...
Employees and their families are offered Delta Dental coverage.
While Broad subsidizes a portion of the dental premium cost, you also contribute for your coverage with pre-tax dollars.
Benefits-eligible employees can contribute to Flexible Spending Accounts (FSA) and use pre-tax payroll dollars to pay for eligible health care, dependent care, and/or parking expenses that they would otherwise pay for with their after-tax income. Using pre-tax dollars for expenses reduces your overall federal, state, and Social Security tax liability and saves you money. Your taxable salary is reduced by the amount of your Flexible Spending Account contribution.
Medical insurance: employees and their families have a choice of three comprehensive BCBS health plans, including a health maintenance organizations (HMO), a preferred provider organization (PPO), and a high deductible PPO. Each of the Broad’s Blue Cross Blue Shield health plans also include pharmacy benefits. While the Broad subsidizes a portion of the medical premium cost, you also contribute to the cost of your coverage with your pre-tax dollars.
For newly hired employees, most benefits are effective on your date of hire. However, certain benefits such as Voluntary Life Insurance may have a delayed start date. These provisions can be found within the section of the Benefits Manual that describes the benefit program.