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Our SDBA plan continues to grow and bring new benefits. This
year we are offering a new Vision Plan and BCBS is making
available to all of our banks their “Blues Enroll,” an on-line
maintenance of employee eligibility, status and claims –
forget the manual paper work – do it on-line real time. We
have five deductible options to choose from with highly
negotiated Life Insurance Premiums.
The Multiple Employer Trust (MET) we developed helps share our
banking experience just among our bank employees and does help
curb costs. As a SDBA member you now have a way to provide
your employees with the coverage they want at a price everyone
can afford.
This is a unique opportunity for all SDBA members to join
together and form a buying coalition to purchase employee
benefits. Over thirty state bankers associations across the
nation have run successful health insurance plans; some have
been in existence for over 50 years. Large group plans provide
member banks with buying power to purchase products and
services available only in the large group environment.
Providing flexibility for employers and employees. This Plan has been
designed to provide the greatest flexibility to both the
employers and employees. The employee has the option to choose
a deductible of $500 all the way up to a $3,000 deductible.
Thus giving complete flexibility based on their need.
Bank Self-Insuring a portion of the deductible
- For those banks
that self-insure a portion of the deductible, this Plan is
designed to accommodate their creativity in keeping down
health care costs.
Flexibility to accommodate everyone’s needs - Our plans offer not
only single and family coverage but we are also
offer employee and spouse or employee and child
(ren) only plans. These are just more ways the SDBA health
plan can save you and your employee’s premium dollars.
$5,000 of Life Insurance with $5,000 Accidental Death &
Dismemberment (AD&D) Benefit.
Each employee will have $5,000 of life insurance with a
matching $5,000 AD&D coverage and each bank sets the amount of
coverage for all employees up to $50,000 of life with $50,000
AD&D. This is one of the least expensive benefits that an
employer can provide.
Vision Care
– VSP Eye Care will cover all employees. This year we will
have two additional plans that your employees have to choose
from. All employees will still be covered with the $1.50 Plan
A that covers an eye exam and discounts on frames and lenses.
For the Employee and entire Family, Plan B @ $13.50/Mo. pays
for lenses every year and frames every other year. For the
Employee and entire Family, Plan C @ $18.50/Mo. pays for
lenses and frames every year.
Out-of-State Coverage
– BCBS has the most extensive National / International health
care network in the world.
Early Retirement Option - Another outstanding benefit
for all the SDBA health plans is the Early Retirement Option.
This benefit allows employees with 5+ years of employment in
their bank and attained the age of 60 and over (along with
their spouse) to remain on the health plan until they reach
Medicare Eligible Age.
No Balance-Billing - All the plans have a $20 co-pay
and no balance billing. What does no balance-billing mean? It
means that the in-network providers have already agreed to
accept the claim payment from our partner BCBS as payment in
full for their services.
Excellent Benefits - Along with outstanding inpatient
health benefits, all the plans through the SDBA include
coverage for routine exams, well-child services, chiropractic
care, out-patient services and prescription drugs.
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