Read about what is new for 2022!
Review your benefits plans, options, and rates for the upcoming year.
Make changes to your benefit plan coverage for you and your dependents.
WHAT IS NEW!?
This year BankOnIT is offering a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA). If you choose to enroll in the HDHP and contribute to the HSA, BankOnIT will make a one-time $500 contribution into your HSA account to use towards Medical Expenses.
BankOnIT is also offering Accident and Critical Illness insurance.
Accident Insurance –
A serious injury can cost you a lot of money – not only in medical bills also income from lost work hours. Accident insurance ensures that if you have an accident or injury, you get paid. There are many covered accidents and injuries like Emergency Room Visits, Hospital Admissions, Follow-up Treatment and Physical Therapy. Please see the guide and benefit summary (located on the intranet under the Benefits tab) under the Benefits for cost and additional information.
Critical Illness Insurance –
How would you pay your bills if you were suddenly diagnosed with cancer and could not work? Critical illness insurance does not pay your medical bills. It pays you if you are diagnosed with critical illness. The benefit is paid directly to you and is your choice how to spend it. Critical illness insurance provides you with coverage for a range of possible diagnoses, such as Cancer, Blindness, End State Renal Failure, Burns and Coma. Please see the guide and benefit summaries (located on the intranet under the Benefits tab) for cost and additional information.