Summary of Benefits and Coverage
Blue Care ElectPreferred Blue PPO Saver
Summary Plan Description
Wrap DocumentCertificate of Coverage
Blue Care ElectPreferred Blue PPO Saver
Covered Drug Lists
$9 Generic Medications ListProgram Information
Mail Service Brochure FormMedication Lookup Tool
$9 Generic Medications Brochure
Equity Compensation
Ginkgo Bioworks
Benefits Hub
The Benefits Hub is a one-stop shop for all of your year-round benefits needs. Get access to everything you need – plan documents, contact information, plan information, in-network provider search, and more – at the click of a button!
To get started, click a Plan Icon or just continue scrolling.
Medical Plans
In-network costs shown. See Summary of Benefits and Coverage under the ‘Documents’ section for out-of-network details.
Ginkgo offers two medical plans through Blue Cross Blue Shield of New England.
Blue Care Elect
Preventive Care:
100% covered
Primary Care Office Visit:
$25 copay
Deductible:
$1,000 (I) / $2,500 (F)
Preferred Blue PPO Saver
Preventive Care:
100% covered
Primary Care Office Visit:
$0 after deductible
Deductible:
$2,000 (I) / $4,000 (F)
Medical Plan Details
Blue Care Elect
-
Deductible
$1,000 (I) / $2,500 (F)
-
Out-of-Pocket Maximum
$3,000 (I) / $6,000 (F)
$1,000 Rx (I) / $2,000 Rx (F) -
Bi-weekly Premium
Employee-Only: $35.29
Employee + Spouse: $165.29
Employee + Child(ren): $148.31
Family: $249.96
Preferred Blue PPO Saver
-
Deductible
$2,000 (I) / $4,000 (F)
-
Out-of-Pocket Maximum
$6,450 (I) / $12,900 (F)
-
Bi-weekly Premium
Employee-Only: $0
Employee + Spouse: $94.74
Employee + Child(ren): $85.01
Family: $143.27
Blue Care Elect
-
Preventive Care
100% covered
Preferred Blue PPO Saver
-
Preventive Care
100% covered
Blue Care Elect
-
Primary Care
$25 copay
-
Specialist Visit
$40 copay
Preferred Blue PPO Saver
-
Primary Care
$0 after deductible
-
Specialist Visit
$0 after deductible
Blue Care Elect
-
Emergency Room
$150 (waived if admitted)
Preferred Blue PPO Saver
-
Emergency Room
$150 after deductible (wavied if admitted)
Blue Care Elect
-
X-rays/Lab
$0 after deductible
Preferred Blue PPO Saver
-
X-rays/Lab
$0 after deductible
Blue Care Elect
-
Fitness Reimbursement
$150 reimbursement per calendar year for enrolled Bioworkers, when you participate in a qualified fitness program.
-
Weight Loss Reimbursement
$150 reimbursement per calendar year for enrolled Bioworkers, when you participate in a qualified weight-loss program.
-
Wellness Rewards Program
Enrolled Bioworkers can earn points when they complete certain health care and wellness activities. Points earned go toward wellness dollars that can be redeemed up to $400 per plan year, not to exceed $100 per plan quarter.
-
Learn to Live Mental Health Care
Enrolled Bioworkers, and their dependents, can access the ‘Learn to Live’ online mental healthcare resource through their MyBlue account. The program is available at no cost.
Preferred Blue PPO Saver
-
Fitness Reimbursement
$150 reimbursement per calendar year for enrolled Bioworkers, when you participate in a qualified fitness program.
-
Weight Loss Reimbursement
$150 reimbursement per calendar year for enrolled Bioworkers, when you participate in a qualified weight-loss program.
-
Wellness Rewards Program
Enrolled Bioworkers can earn points when they complete certain health care and wellness activities. Points earned go toward wellness dollars that can be redeemed up to $400 per plan year, not to exceed $100 per plan quarter.
-
Learn to Live Mental Health Care
Enrolled Bioworkers, and their dependents, can access the ‘Learn to Live’ online mental healthcare resource through their MyBlue account. The program is available at no cost.
Dental Plans
In addition to protecting your smile, dental insurance helps pay for dental care and includes regular check ups, cleanings, and x-rays. Receiving regular dental care can protect you and your family from the high cost of dental disease and surgery.
Ginkgo offers two dental plan options through MetLife.
High Plan
Deductible:
$50 (I) / $150 (F)
Basic Services:
80% covered
Major Services:
50% covered
Orthodontic Services:
50% covered (children only)
Low Plan
Deductible:
$50 (I) / $150 (F)
Basic Services:
60% covered
Major Services:
0% covered
Orthodontic Services:
Not covered
Vision Plan
Ginkgo offers one Vision plan through MetLife (VSP Network) and provides vision benefits and discounts.
MetLife Vision
Network Coverage:
MetLife
Exam Copay:
$10 copay every 12 months
Lenses:
$25 copay every 12 months
Frames:
$25 copay; $130 allowance with additional 20% off balance
Contacts:
$130 allowance (instead of eye glasses)
Health Savings Account
Ginkgo’s spending accounts are administered through WEX Health.A health savings account (HSA) allows you to use pre-tax contributions from your paycheck to cover eligible health care expenses, tax-free.
Flexible Spending Accounts
Flexible spending accounts (FSAs) can be used to save money on many common expenses by paying for them with pre-tax dollars. Your eligibility for these accounts depends partly on your choice of medical plan, and different rules and limits apply to each type of account.
Voluntary Benefits
Benefits that go above-and-beyond in covering every base for your benefits needs.
Included Benefits:
✓ Commuter Benefits
✓ Life and Accidental Death and Dismemberment
✓ Grief Counseling
✓ Pet Insurance
✓ Accident Insurance
✓ BlueBikes Discount
✓ MetLaw
Employee Assistance Program
Access MetLife’s EAP and you’ll have a source to help support your overall wellness – health, financial, legal, and mental health. MetLife’s EAP offers self-guided programs to support you through challenging issues such as anxiety or the loss of a loved one.
Grief Counseling:
Your MetLife employer-paid life insurance plan offers you, your dependents, and your beneficiaries access to face to face grief counseling sessions and related concierge services to help cope with a loss.
The 401(k) Plan
Traditional & RothBioworkers are eligible to participate in Ginkgo’s 401(k) Retirement Savings Plan, administered through Principal. The program offers both traditional & roth contributions. New Bioworkers are auto-enrolled at 6% pre-tax.
Time Off
Bioworkers receive a myriad of Time Off benefits.
Equity Compensation
Equity awards are an important part of your total compensation package at Ginkgo. Having equity means being a partial owner of the company. Our equity program helps us compete for the most talented Bioworkers while reinforcing our ownership mindset.
At Ginkgo, equity awards are typically issued as restricted stock units (RSUs). RSUs offer the opportunity to own actual shares of Ginkgo stock at one or more future dates, subject to certain vesting requirements being met.
Compliance
Your hub for compliance information, forms, and contacts you may not have found elsewhere.
A Summary of Benefits and Coverage (SBC) has been designed to assist you with better understanding the coverage being offered to you, and to allow you to compare coverage options. The SBC is available on www.ginkgobioworksbenefits.com. A paper copy is also available, free of charge, by calling 877-422-5362.
Ginkgo Bioworks permits INSURERS to offer employees of Ginkgo Bioworks certain voluntary insurance programs. Whether you choose to enroll in any of these programs is completely optional and voluntary. Ginkgo Bioworks does not make a contribution towards the cost of these programs and employees pay the full cost of premiums on an after-tax basis. Ginkgo Bioworks does not sponsor, maintain, endorse, recommend, or promote these voluntary programs. Ginkgo Bioworks'S involvement regarding these voluntary insurance programs is strictly limited to allowing the insurer access to employees to publicize these programs and Ginkgo Bioworks may perform certain ministerial functions such as payroll deduction and forwarding employee premium payments to the insurer. Ginkgo Bioworks does not receive any consideration in the form of cash or otherwise in connection with the program, other than reasonable compensation, excluding any profit, for administrative services actually rendered in connection with payroll deductions. Accordingly, these voluntary insurance programs are not subject to ERISA and related regulations. All questions or claims regarding these programs should be directed to the insurer.
All benefit plans are governed by master policies, contracts, and plan documents. In the event of any inconsistency between the information contained herein and the applicable plan documents, the provisions of the plan documents shall prevail. Ginkgo Bioworks reserves the right to amend, suspend or terminate any benefit plan, in whole or in part, at any time. The authority to make such changes rests with the Plan Administrator.
*The chart above is an example using 25,000 RSUs and is only intended for illustrative purposes.