2027 ENROLLMENT
Enrollment actions
Review the 2027 benefit options and actions you need to take during Open Enrollment.
Choose your 2027 benefits
If you don’t enroll, you will not have M&T Bank medical coverage in 2027, will not be able to contribute to a Medical Reimbursement Account (MRA), Limited Purpose Flexible Spending Account (LPFSA), or Dependent Care Reimbursement Account (DCRA) and will not be enrolled in PTO Buy. You must submit your elections by 11:59pm ET on November 18.
| Benefit | Enrollment Action |
| Medical (includes Prescription Drugs) | Action is required to enroll yourself and dependents. |
| Dental and Vision |
Action is required to enroll yourself and new dependents, drop or change dental and/or vision coverage. No action is required to keep the same option and level of coverage for 2027. |
| Health Savings Account (HSA) |
Action is required to start your HSA contribution for 2027. Note: M&T may contribute to your HSA based on coverage level and frozen earnings. You do not need to elect an HSA to receive M&T’s 2027 contribution. |
Spending Accounts
|
Action is required to contribute to a spending account for 2027. |
| Critical Illness and Accident Plans |
Action is required to enroll yourself and dependents. Note: Employees enrolled in the Basic HDHP who earn less than $100,000 annually receive the Critical Illness Plan and Accident Plan at no cost. |
| Life/AD&D Insurance M&T Bank provides credits to cover the cost of basic Life Insurance coverage. |
Action is required to change life insurance coverage. If you are adding coverage, you may be required to submit Evidence of Insurability (EOI). No action is required to keep the same option and level of coverage for 2027. |
| Long-Term Disability M&T Bank provides credits to cover the cost of 50% LTD coverage. |
Action is required to:
No action is required if you are currently enrolled in LTD and want to keep your current coverage level and tax election for 2027. |
| Legal Plan | Action is required to enroll for 2027. |
| Identity Theft Protection | Action is required to enroll for 2027. |
| PTO Buy Full-time employees may purchase up to 5 additional days of PTO to be used after the annual allotment of PTO is exhausted. Not eligible for carryover. If not used by the end of the calendar year, it is forfeited. |
Action is required to enroll for 2027. |
Did you recently join M&T Bank?
If hired prior to December 1, you may enroll in 2026 and 2027 benefits on Workday. Be sure to complete your enrollment within 30 days of your hire date.
More benefits from M&T
M&T is committed to supporting your wellbeing with automatic benefits to help you care for your physical, financial, emotional and social health:
- Short-Term Disability coverage
- Basic Long-Term Disability coverage
- Basic Life and Accidental Death & Dismemberment coverage
- Retirement Savings Plan (if age 21)
- Lyra Health for mental health support
- Financial wellbeing and banking options
- Special discounts through Perks at Work
Choose carefully
Coverage is effective January 1-December 31, 2027. You generally cannot make changes to your benefits until the next Open Enrollment unless you experience a qualifying life event during the year.