I'm really frustrated to learn that Truist will be cutting its $500 deductible and co-pay medical insurance plans in 2026. From now on, they'll only offer high deductible plans with no co-pay option. It feels like they keep stripping away employee benefits with each passing year. What’s going on?
34 replies (most recent on top)
@OP That is incorrect. Truist is still offering the $500 PPO medical plan for 2026.
@b3 liar. Benefits for 2026 are viewable now. You totally lied.
The 2026 benefits are now viewable on The Source. Whoever it was that started this thread lied. Shocker.
Does anyone know when the medical premiums will be posted? It is still saying “Rates for 2026 will be published as soon as possible. “ Open enrollment starts in a week and a half how do you not know the cost.
I am looking at the 2026 Truist Benefit Guide. The first option on page 7 is the $500 PPO medical plan. Stop fear mongering
Well at least we do not have to be in the office 5 days a week; oh wait, never mind.
The reality is we need to ramp up stock buybacks because we have no other ideas. We need money for that because we aren’t growing. Executive leadership get their main comp from short term stock trades and buybacks help that. No money for tech or investment in tomorrow. Most employees can pay more in benefits so we can buy more truist stock back and ultimately make bill and company’s stock options more valuable. Amazing his grift continues and his forked tongue talks about values. It’s comical.
DJT has our back
At least try to understand insurance before pitching a ti--y baby for.
To it premiums are lower with HDHP, which helps offset the HD.
The right way to pick a plan is calculate all your likely costs under all plans and pick the right one.
Those who complain, just go to Obamacare…good luck.
Gotta strip the health care plans to make the acquisition price more attractive!
At least we will get a 2% raise to cover these additional costs.
@c0 thats seems like part of the plan- to get those with cronic illness to resign. Think about it... those teammates are probably older. This way they can hire gen z to do the same job at half the salary and the pension is calulated at a lesser %, so everytime a pre-merger boomer or gen x leave they save $$$.
@er - LOL. The Affordable Care Act was an initiative to provide affordable health insurance to folks that are otherwise unable to afford health insurance on their own or their employer does not offer it. Trump supporters will believe everything they hear. No sense of deductive reasoning or constructive thinking. Corporations and insurance companies alike will do literally everything they can to maximize profits. Don't believe everything you hear. Think for yourself. You're probably the type that thinks Trump is going to lower taxes for you and bring back jobs to 'merica. In reality Trump and congressional republicans are only looking out for the wealthy and corporations. Jobs report just came out and 32,000 private sector jobs were lost in September. Keep on believing everything that man says.
@a1 no. You are still now getting more of the repercussions that were warned about with Obamacare.
How exciting and what timing! The Give Like a Champion 2025 Workplace Giving Campaign has just kicked off. Let's dig deep and show the Power of Purple and our purposeful impact while watching our benefits and compensation shrivel like body parts in cold water.
@OP - Cutting themselves to greatness through lay-offs and reduced benefits to show the Street they can make their numbers. Sad, and unfortunately the Truist way.
You “Teammates” are forgetting your PURPOSE!
At least the big banks, especially the top 4, and other well known ones still offer a copay plan for their employees. Sure, the deductible might be higher, but at least they still have a fixed copay (like $20 for a primary care visit or $40 for a specialist) instead of switching to coinsurance after the deductible is met. If what’s being said in this thread is true, it really shows how little Truist cares about its employees. It’s like they just see them as disposable trash. This move is also going to put a huge financial strain on workers with chronic health issues, especially those who need to see their PCP or a specialist every month. These employees are certainly better off financially working elsewhere.
I’m slowly going broke working at this bank.
At least all the big banks and other reputable banks offer a copay plan that has a fixed amount (eg $20 for PCP, $40 for Specialist). Albeit it may be with a higher deductible but at least they offer it to employees. If Truist gets rid of both the low deductible and copay plan options, shame on them. Would not be surprised one bit as they continue to treat employees like trash. This contributes to financial hardship for employees with chronic health conditions. They’re better off working elsewhere.
Well with these costs going up I am so glad we can count on the competitive COLA each year (yeah right, we all lose money each year working here with these piddly annual increases if you are even lucky enough to get one). BB&T was not known for paying the highest salaries, but they were known for good benefits and having a pension and 401k and they used that to offset the lower salary. So what is Truist’s rationale now? I am just holding on for that pension to kick in, or I would have left a long time ago.
15 years ago my employer only had high deductible plans. Unfortunately most employers are doing everything they can to control healthcare costs. The government is the only employer that holds strong on copay type plans. I wish you good health.
If this pans out to be true, it's just another kick in the loin. Can't also forget the not-so-long-ago reduction in the our 401K match from 6% to 4%. Things are definitely trending, just in the wrong direction. All the platitudes and purpose non-sense definitely ring hollow and wear like a cheap suit. Maybe we'll get lucky again and get a 1 to 2% merit increase to help offset this.
@b6 - I don’t agree with that. Truist has always been one of the few banks offering a $500 deductible plan. Honestly, insurance got worse after switching to Aetna. Aetna just doesn’t have the same reputation as BCBS or other providers. It’s still decent since most doctors, clinics, and hospitals accept it, but ditching the $500 deductible plan and not offering any copay option really hurts us. Now we’re stuck paying the full rate until we hit the $2K or $5K deductible, and then we only get a small coinsurance.
Pssh, even if you had "good" insurance it's been pretty bad for the last several years and much worse over the last year.
@av - A contact in KMW's organization. Email will go out early October detailing the changes and increases in medical premiums
This would definitely be in line with that joke of a Total Rewards survey that went out in July.
T3 in action!
@OP where did you hear about this? What’s the source?
Great. $200-$300 just to see a primary care doc. Seeing a specialist? Forget it. Is it even worth working at Truist?
One of the things that I absolutely loved about BB&T was that, whenever given the choice, the company always seemed to fall on the side of doing what was in the best interest of the employees. Truist has been the exact opposite of that.
This is an easy way for Truist to save overhead costs. Pension will be frozen next.
Rinse and repeat. Bill is on medicare so why does he care. SMH
Yeah, I heard about that too. Plus, insurance premiums are going up next year. Thought we were in the golden age of America and Truist, but guess not.