What’s new

More choice for 2027

To help you balance affordability, coverage and convenience, M&T Bank is introducing new medical plan options, enhancing health support resources and adding new ways to protect your financial wellbeing.

New medical plan options

Choose from three medical plans administered by Aetna:

• NEW! Basic HDHP with HSA
• Core HDHP with HSA (current medical plan)
• NEW! Premier PPO

All plans include in-network preventive care at no cost and prescription drug coverage through CVS Caremark. The plans differ in premiums, deductibles, out-of-pocket costs, how care is covered and HSA eligibility.

Discount on prescription drugs

CVS Caremark® offers a discount program for certain non-covered drugs to help you save on out-of-pocket expenses. Take advantage of the discount on Wegovy® when prescribed for non-diabetes conditions.

Note: Non-covered drugs do not apply to the deductible or out-of-pocket maximum. 

Employee premiums

Your medical premiums will change for 2027 based on the plan you choose and who you cover.

• Basic HDHP: Lower premiums in exchange for a higher deductible
• Core HDHP (current plan): Moderate premium increases
• Premier PPO: Higher premiums in exchange for copays for most commonly used services and lower cost-share when using preferred providers

Vision premiums will increase by approximately 5%. Dental premiums will remain unchanged. Review 2027 healthcare premiums.

Working spouse or domestic partner surcharge

Beginning January 1, 2027, a $50 per-pay-period surcharge will apply if you cover a spouse or domestic partner who has access to medical coverage through their employer. Coverage will remain available, but this change helps manage costs and support the long-term sustainability of the benefits program.

Supplemental health benefits

Two new plans can provide additional financial protection when unexpected medical events occur: 

• Critical Illness Plan: Pays cash benefits for covered serious illnesses. Learn more

  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: Pays cash benefits for covered accidental injuries. Learn more

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

Spending accounts

The IRS has increased HSA contribution limits for 2027: $4,500 for employee-only coverage and $9,000 for other coverage levels. The MRA and LPFSA contribution limits have also increased to $3,500. Contribution limits for the DCRA remain the same.

Surgery and cancer centers of excellence

When you enroll in an M&T medical plan, you'll have access 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

New programs in 2027 are designed to support preventive care, improve care coordination and make it easier to get the right care at the right time.

• Cylinder for digestive health support
• Hello Heart for health coaching and monitoring tools to help you better understand and manage your cardiovascular health.
• CVS Virtual Care for 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 in-network providers 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 for personalized benefits support and care management through secure messaging in the Aetna Health app

You'll also continue to have access to Progyny fertility services, Hinge Health, Foodsmart and 2nd.MD. Review M&T’s health support tools and resources.

Additional protection

You can also elect:

• Identity Theft Protection through Norton LifeLock. Learn more
• Legal Plan through MetLife. Learn more