Medical overview

Care that fits your life

For 2027, you can choose from three medical plan options:

• Basic HDHP with Health Savings Account (HSA)
• Core HDHP with HSA
• Premier PPO (preferred provider organization)

All medical plans include prescription drug coverage through CVS Caremark.

How the plans work

All three medical plans offer:

• Access to any provider, but you’ll pay less when you use in-network/preferred providers.
• 100% coverage for in-network preventive care.
• Access to surgery and cancer centers of excellence (COE) through Aetna and Carrum Health for specialized care and direct access to experts.
• Virtual care services and specialized support for heart health, digestive health, behavioral health and specialty medications.
• An annual out-of-pocket maximum that limits how much you'll pay for covered expenses each year. Once you reach the maximum, the plan pays 100% of covered expenses.

The plans differ in employee premiums, deductibles, out-of-pocket costs, how services are covered and HSA eligibility. For coverage details, see medical comparison.

Basic HDHP with HSA

The Basic HDHP offers the lowest premium and the highest deductible and out-of-pocket maximum.

You can contribute to an HSA and may be eligible for an M&T Bank HSA contribution if your annual frozen earnings are less than $100,000. You may also contribute to a Limited Purpose FSA (LPFSA) for eligible dental and vision expenses. Learn about the Limited Purpose FSA.

Note: For added financial protection, the Critical Illness Plan  and Accident Plan provide cash benefits for covered illnesses and injuries. Employees enrolled in the Basic HDHP who earn less than $100,000 annually receive both plans at no cost. If you earn more than $100,000, you pay the full cost of coverage through after-tax payroll deductions.

Core HDHP with HSA

The Core HDHP, M&T’s current medical plan, has a lower deductible and out-of-pocket maximum than the Basic HDHP, and mid-range premiums.

You can contribute to an HSA and may be eligible for an M&T Bank HSA contribution if your annual frozen earnings are less than $100,000. You may also contribute to a Limited Purpose FSA (LPFSA) for eligible dental and vision expenses. Learn about the Limited Purpose FSA.

Premier PPO

The Premier PPO offers more predictable healthcare costs through copays for most commonly used services and lower cost-share when using preferred providers. It has the same out-of-pocket maximum as the Core HDHP, with higher premiums.

You cannot contribute to an HSA while enrolled in the Premier PPO, but you can continue to use any existing HSA balance. You may also contribute to a Medical Reimbursement Account (MRA) for eligible healthcare expenses. Learn about the Medical Reimbursement Account.

Additional support from Aetna

When you enroll in an M&T medical plan, you'll have access to specialized programs, expert guidance and high-quality care for complex conditions, including surgery, cancer treatment and transplants. Learn about health support tools and resources.