Table of Content
- Header
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WELCOME
- Open Enrollment
- Benefits Overview
- How to Enroll
- MEDICAL & Rx
- PPO vs. HDHP
- HSA
- FSA
- Sneak Peak
- DENTAL
- VISION
- LIFE AND AD&D
- DISABILITY
- VOLUNTARY BENEFITS
- BENEFIT VIDEOS
- CONTACTS
- Footer
WELCOME
This site provides employees with year-round, 24/7 access to essential benefit information and resources. Please review the details below to help you select the best options for you and your family.
Open Enrollment
Open enrollment is your annual opportunity to update and learn about the benefits provided through Bank7. Mandatory meetings will be held this year in person and through Zoom.
2025 Open Enrollment Meetings for our 2026 benefit offerings
Date: Tuesday, December 2nd
Time: 11:00am
Date: Thursday, December 4th
Time: 2:30pm
Location: Bank7 (1039 N.W. 63rd Street)
Benefit highlights for the 2026 plan year:
- No carrier changes.
- Third medical plan option that allows enrollment in a Health Savings Account.
- Must reelect contributions to the Flexible Spending Account for continued participation.
- Everyone is required to review and confirm benefits through Paycom between December 2nd and 5th.
- All benefit changes made during the open enrollment window will become effective January 1, 2026.
Benefit changes outside of Open Enrollment require a Qualifying Life Event and/or Loss of Eligibility.
You may not change your benefits throughout the year unless you experience a Qualifying Life Event. Qualifying Events may include marriage, divorce, birth or adoption of a child, loss of eligibility under another plan. If you experience a qualifying event, that requires a benefit change, you must notify report through Paycom within 30 days of the event. Please remember you only have 30 days from the event to make changes to your benefit elections.
MEDICAL & Rx
PPO vs. HDHP
HSA
Health Savings Account
- Only available when enrolled in a High-Deductible Health Plan (HDHP).
- Ineligible if:
- you are enrolled in Medicare, Indian Health Services or Military (Tricare) Coverage.
- your spouse is enrolled in a Flexible Spending Account (FSA).
- you can be claimed as a dependent on someone's tax return.
- A true bank account in your name.
- Contributions are pre-tax dollars automatically put in your account (employer and employee contributions). If funds cannot be contributed to your account by your employer, then your employer contribution may be forfeited, and your payroll deductions/contributions will be returned to you through payroll.
- Funds are available as they are contributed per pay period.
- Funds are used to pay for qualified medical, dental, vision and some over the counter expenses tax free.
- Unused funds rollover from year to year and accumulate tax free and can be invested through HSA Bank.
- At age 65 you can use your funds for non-qualified expenses but will pay income tax.
FSA
Healthcare - Flexible Spending Account
- 2026 Annual contribution limit: $3,400
- Paired with traditional medical plan (non-HDHP).
- Full elected amount is available the first day of the plan year.
- Funds are used to pay for out-of-pocket medical, dental, vision and some over the counter items tax free.
- At the end of 2025 funds over $660 will be forfeited. This will go up to $680 in 2026.
- Funds $660 and under will rollover to next plan year after 90 days.
Dependent Care - Flexible Spending Account
- 2026 Annual contribution limit: $7,500 or $3,750 if you are married and file taxes separately from your spouse.
- Anyone is eligible with dependents who need care while guardians are working.
- Funds pay for dependent care (children under 13 years or disabled dependents) tax free.
- Funds are available as they are contributed per pay period.
- Unused funds will be forfeited (runout period to file claims: 90 days after plan year ends).
DENTAL
VISION
LIFE AND AD&D
Basic Life and AD&D
Bank7 provides all full-time employees with 2x annual salary up to $500,000 in Life and AD&D.
Reminder: Update your beneficiaries at any time during the year through Paycom.
Voluntary Life and AD&D
Per pay period cost will be calculated on employee's age and election amount(s). In order to elect supplemental life for your spouse and/or child(ren), employees must elect coverage for themselves.
Annual Increase – If you currently have voluntary employee life and AD&D coverage, you may increase your benefit by $10,000 during each open enrollment period without providing Evidence of Insurability (EOI).
DISABILITY
Voluntary Short-Term Disability
This benefit will pay you 60% of your weekly income up to $1,500 per week after 7 days from a disabling injury or sickness. STD will last up to 12 weeks or until LTD begins.
- Cost is based on salary and will be calculated when enrolling through Paycom.
- Pre-Existing condition - if you have received medical treatment or took prescribed medicines for it in the 3 months prior to your effective date of coverage; and the disability begins in the first 12 months after your effective date of coverage then it will not be covered.
Basic Long-Term Disability
Company paid benefit provided at no cost to employees.
This benefit will pay you 60% of your monthly income up to $10,000 per month after 90 days from a disabling illness or injury. LTD will last until you can return to work, reach 65 or social security retirement age.
VOLUNTARY BENEFITS
All three of these polices provide a cash benefit paid directly to you to help during a time when out-of-pocket medical and life costs accrue.
Accident
This insurance pays a benefit for each injury, treatment or service included in the policy that occurs as a result of a covered accident. See full benefit summary below for complete policy coverages.
Standard Plan Examples:
- Urgent Care Center: $100
- Fractures (Surgical / Non-surgical): Up to $3,000 / Up to $1,500
- Accidental Death: $25,000
Enhanced Plan Examples:
- Urgent Care Center: $150
- Fractures (Surgical / Non-surgical): Up to $6,000 / Up to $3,000
- Accidental Death: $50,000
Health Screening Benefit: $50 per year
Critical Illness
A critical illness policy provides a lump-sum cash benefit upon diagnosis of a critical illness like a heart attack, stroke or cancer. The benefit can be used to pay out-of-pocket expenses or to supplement your daily cost of living.
- Employee Benefit: $5,000 increments up to $20,000
- Spouse Benefit: $5,000 increments up to $20,000 not to exceed 100% of employee election
- Child(ren) Benefit: $2,500 increments up to $10,000 not to exceed 50% of employee election
- Health Screening Benefit: $50 per year up to 6 per family
- Premium is based on benefit amount and employee age.
Hospital Indemnity
A hospital indemnity insurance policy supplements your medical coverage and provides a cash benefit for hospital related fees you or an insured family member sustain as a result of being hospitalized.
- Hospital Admission: $1,000
- Daily Hospital confinement: $100 per day up to 30 days
- Health Screening Benefit: $50 per year
See full benefit summary below for detailed plan information
BENEFIT VIDEOS
CONTACTS
We are here to help you understand your benefits.
HR Contacts
Charlotte Meier
charlotte.meier@bank7.com
NFP Team Contacts
Stephani Wildman
Account Manager
stephani.wildman@nfp.com