Insurance Products Offered through the SD Bankers Insurance & ServicesThe SDBA offers a variety of benefits available to our bank members through our for-profit company, SDBIS (SD Bankers Insurance & Services). Contact either Mike Feimer via email or phone 605-660-2341, Michelle Guthmiller via email or phone 800-221-7551, Robin Feimer via email or phone 800-221-7551, or Dean Franzen via email or phone 605-220-4219 or fax our office at 605-260-1346 for more information on how to get started! Click to view details: VADD | LTD | Life/Dependent Life | Health | Flex | Vision | Dental | Executive Benefits | Commercial Lines
VADD (Voluntary Accidental Death & Dismemberment)Provider: Mutual of Omaha Although accidents are unexpected and usually come without warning, employees don’t have to let an injury catch them off guard. They can be prepared to handle the accompanying medical expenses with the help of an accident insurance policy. Accident insurance pays a lump-sum cash benefit for covered injuries employees or an insured family member sustains as a result of an accident (as defined by the policy). Because accident insurance is supplemental, it works in addition to other insurance employees may have. The cash benefit from accident insurance can be used to:
Employee Benefits
Return to Top
LTD (Long Term Disability)Provider: EMC
Group Short-Term Disability (for off the job illness or injury only):
Group Long-Term Disability (for both on and off the job illness or injury):
************************************************** Provider: Reliance Standard ![]() Protect your business while protecting your most valuable asset - your employees. What happens when an employee is unable to work because of illness or injury? Your employees rely on their paychecks for the necessities of life. Reliance Standard offers employers – and their employees – a variety of options so they can get the coverage they need affordably. View a short video that answers questions you may have about Voluntary Disability insurance. Voluntary Group Short and Long Term Disability Plan Highlights:
Return to Top
Life/Dependent LifeProvider: EMC In order to recruit and retain the best people in the marketplace, many employers, including school districts, government entities and health care organizations, are recognizing the need to provide the most basic of coverage to employees – term life insurance. At the same time, employees are looking to their employers to offer this coverage as a benefit.
Return to Top
Health (SD Bankers Benefit Plan Trust)Provider: Blue Cross Blue Shield of South Dakota Started in 2014, our self-insured health plan is owned by the employees of the Trust. Our plan is available to all of our member banks with customizable deductibles to fit your bank and your employees. An entrance fee is required to participate. About WellmarkWellmark, Inc. is an independent licensee of the Blue Cross Blue Shield Association. We’re also a mutual insurance company, which means we’re owned by our members and not investors — and that’s important. Since we’re owned by our friends and neighbors, we know what’s important to them. We maximize the value of your plan. Our combination of network strength (100% of hospitals and 99% of doctors) plus payment innovation yields the lowest cost of care, without sacrificing the member experience or quality of care. We’re good stewards of your dollar. In fact, nearly 95 cents of every premium dollar is spent on health care costs. It’s earned us an ‘A’ financial security rating from AMBest. DoctorOnDemandSee a Doctor, 24/7. Available where you are, without the hassle of the waiting room. Our flu doctors are equipped to support you and your family with quality care during cold and flu season. Connect in minutes with board-certified doctors and therapists over live video, and have prescriptions sent directly to your pharmacy. Copays are reduced for services with DoctorOnDemand. Some examples of what we treat:
What we don't treat: There are many conditions Doctor On Demand physicians can often treat effectively through a video visit, but for more serious or life threatening conditions, a visit to a doctor or hospital is important and necessary. Doctor On Demand physicians do not prescribe Controlled Substances, and may elect not to treat or prescribe other medications based on what is clinically appropriate. Return to Top
FSA (Flexible Spending Account)Provider: WageWorks Healthcare FSAA Healthcare Flexible Spending Account, or "FSA," is a pre-tax benefit account that you can use to pay for eligible medical, dental, and vision care expenses that aren’t covered by your health insurance plan. You decide how much to contribute to your Healthcare FSA each year, and funds are withdrawn automatically from each paycheck for deposit into your account before taxes are deducted. The total amount you elect to contribute to your Healthcare FSA each year is available on the first day of your plan year. Generally, you need to spend the funds in your Healthcare FSA within the plan year. However, your employer may provide you a grace period of 2-½ months after the end of the plan year to spend funds left in your account. Or your employer may allow you to carry over up to $500 left in your account into the next plan year. Your Healthcare FSA covers hundreds of eligible healthcare expenses, like co-payments for doctor visits, prescription drugs, and new eyeglasses or contact lenses. Here's a handy list of eligible expenses to review, download, or print out for future reference. Please keep in mind that IRS rules determine which expenses are eligible, and some expenses require a doctor's note or prescription to be eligible for reimbursement under your Healthcare FSA. Your Healthcare FSA does not cover these expenses:
With a variety of convenient payment options, your WageWorks Healthcare FSA makes it easy for you to get reimbursed for hundreds of eligible healthcare expenses, like copayments for doctor visits, prescription drugs, and new eyeglasses or contact lenses. Payment options include:
Learn more about these payment options. Dependent Care FSAA Dependent Care Flexible Spending Account, or “FSA,” is a pre-tax benefit account used to pay for dependent care services while you are at work. The money you contribute to a Dependent Care FSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck. Under this type of account, a “dependent “ is a child under 13 years of age (until the day of their 13th birthday) and adult dependents who can't take care of themselves. Please keep in mind that they must live with you and be claimed as dependents on your tax return. Please review the eligible expense list [list] to see what's covered under your Dependent Care FSA. A Dependent Care FSA covers a wide variety of dependent care services, such as preschool, summer day camp, before- and after-school programs, and child or elder daycare. Here's a handy list of eligible expenses to review, download, or print out for future reference. Please keep in mind that IRS rules determine which expenses are eligible. With a variety of convenient payment and reimbursement options, your WageWorks Dependent Care FSA makes it easy for you to pay for variety of eligible dependent care expenses, like preschool, summer day camp, before or after school programs, and child or elder daycare. Options include:
Return to Top
VisionProvider: Vision Service Plan We partner with VSP to provide you with access to care from great eye doctors, quality eyewear, and the affordability you deserve, all at the lowest out-of-pocket costs. VSP helps you:
Return to Top
DentalProvider: Delta Dental of South Dakota Offer a plan to your employees to provide financial assistance for dental care needs. The focus is prevention. Our dental plan is structured to provide coverage that meets basic diagnostic and preventative dental needs. Services Include:
Delta Dental Advantages for Employers
Delta Dental Advantages for Employees
Return to Top
Executive BenefitsProvider: NFP Executive Benefits How do you make sure that your most valuable assets – your top executives – feel rewarded, valued and motivated to continue making your company great? Create an executive benefits program that helps give them long-term financial stability. And just think about the advantage you’ll have in attracting and retaining top talent. Our Executive Benefits team has one main focus: to build the best executive benefits package for your company and its key people.
Request a Proposal - the beginning of a great relationship is just a click away! Return to Top
Commercial LinesProvider: AmTrust, OneBeacon, FinSecure, EMC, Lenders Risk Services, Frates, Lee & Mason Financial Services, US Risk, Beazley Cyber The SDBIS offers a variety of different commercial lines from different providers to better fit our members' needs. Please contact our SDBIS office to speak to an expert in navigating through the ocean of risk relievers. Professional Lines
Property & Casualty Lines
Lending Related Lines
Return to Top |