2027 Open Enrollment

Three Medical Plan Options

• NEW! Basic HDHP (high-deductible health plan) with a Health Savings Account (HSA)
• Core HDHP with an HSA (current plan)
• NEW! Premier PPO (preferred provider organization)

The plans differ in what you pay (employee premiums, deductibles and out-of-pocket maximums), how care is covered (copays, coinsurance and network requirements) and HSA eligibility.

Note: Use Aetna DocFind to confirm your providers participate in the network (Aetna Choice® POS II (Open Access)). If you are considering the Premier PPO, look for preferred providers with the Quality & Effective Care badge to lower your out-of-pocket costs.

Discount on Prescription Drugs

Save on Wegovy® when prescribed for non-diabetes conditions through CVS Caremark®, with additional savings opportunities available for certain non-covered medications.

Employee Premiums

• Your bi-weekly medical premiums will change for 2027 based on the plan you choose and who you cover
  • Basic HDHP: Higher deductible plan in exchange for significantly reduced employee premiums.
  • Core HDHP (current plan): Moderate employee premium increases.
  • Premier PPO: Higher premiums in exchange for copays (flat fees) for most services and no deductible when you use preferred providers.
• Your bi-weekly vision premium will increase by approximately 5%.
• Dental plan premiums will remain unchanged.

Working Spouse or Domestic Partner Surcharge

To help support the long-term sustainability of our benefits program, a $50 per-pay-period surcharge will apply if your working spouse or domestic partner has access to other employer-sponsored medical coverage but enrolls in an M&T medical plan.

Supplemental Health Benefits

Add extra financial protection with two new plans designed to help you manage unexpected expenses. 

• Critical Illness Plan: Receive cash benefits for a covered serious illness (such as cancer, a heart attack, stroke or severe burn) to help pay for medical expenses, travel costs and other related expenses.
  EXTRA BENEFIT! The Critical Illness Plan pays you $50 when you and your covered family members get a health screening. The benefit is paid one time for each family member per plan year. If you enroll a family of four, you can get $200 each plan year.

• Accident Plan: Receive cash benefits for covered accidental injuries (such as a fracture, burn or laceration), testing, treatment and related services to help pay for medical expenses and other out-of-pocket costs.

Note: M&T will provide both plans at no cost to employees who enroll in the Basic HDHP and earn less than $100,000 per year.

The IRS has increased HSA contribution limits for 2027. Contribution limits for the MRA, LPFSA and DCRA remain the same:

• Health Savings Account (HSA): $4,500 for employee-only coverage and $9,000 for other coverage levels, plus a $1,000 catch-up contribution if you'll be age 55 or older in 2027.
• Medical Reimbursement Account (MRA) and Limited Purpose Flexible Spending Account (LPFSA): Up to $3,400.
• Dependent Care Reimbursement Account (DCRA): Up to $7,500 for single individuals and married couples filing jointly, or $3,750 for married individuals filing separately.

GOOD NEWS! M&T will continue contributing to your HSA if you enroll in the Basic HDHP or Core HDHP based on eligibility, frozen earnings and coverage level. Part-time employees earning less than $40,000 and working 10 to 29 hours per week will receive $500, regardless of coverage level.

Surgery & Cancer Centers of Excellence

When you enroll in an M&T medical plan, you'll have access to top-quality providers for certain complex surgeries (e.g., bariatric, spine, cardiac), cancer treatment, transplants and other specialized care needs, plus individualized support to help guide you every step of the way.

Expanded Health Support

In addition to Progyny, Hinge Health and 2nd.MD, you can access new programs in 2027 designed to support preventive care, improve care coordination and make it easier to get the right care at the right time.

• Cylinder: Digestive health support, including access to specialists, dietitians, health coaches and colorectal screening resources.
• Hello Heart: Health coaching and monitoring tools to help you better understand and manage your cardiovascular health.
• CVS Virtual Care: Convenient virtual access to urgent care, primary care and behavioral health support, with coordinated referrals when additional care is needed (replaces Teladoc).ADDED VALUE! Telehealth visits with your primary care physician will be available at no cost to you, and behavioral health visits will continue at no cost.

• Progyny: Resources for pregnancy and postpartum care (with leave navigation) and menopause, replacing Ovia Health.
• Aetna Enhanced Messaging: Personalized support through secure messaging in the Aetna Health app for questions about benefits, claims, coverage, authorizations and care management.

Customize your M&T Bank benefits with added protection for greater peace of mind. For 2027, you can elect the following benefits:

• Identity Theft Protection: Safeguard your identity, finances and digital life with monitoring and fraud tools and support.
• Legal Plan: Access legal support for estate planning, family matters, home purchases and other common legal needs, plus online tools to create wills, living wills and powers of attorney.