KBA EMPLOYEE
BENEFITS

KBA Vision Plan

The KBA vision plan is a voluntary benefit to employees with no participation requirements. It is administered by KBA with VSP as the carrier. The plan offers comprehensive coverage including low copays for exams, generous allowances for frames and contacts with a low monthly premium. VSP has a nationwide network of providers as well as an online provider, Eyeconic.

Group Term Life Plan

The KBA group term life plan allows banks to provide their employees with bank paid group term life insurance. The insurance amount is based on a multiple of salary and benefit maximum that is selected by each participating bank. In addition to the employee life benefit there is a matching amount of accidental death coverage on the employee and a $4,000 term life benefit on spouses and eligible dependent children.

Voluntary Life

The bank can also offer voluntary life insurance for those employees who want to purchase additional coverage for themselves and family members. Employees can elect additional coverage up to $1M with a $300K guarantee issue amount. The premium paid for by the employee via payroll deduction.

Additional Dependent Life

Employees can elect additional life insurance for their spouse and/or children. Coverage for children is $10K and spouse is $10K, $20K or $30K.

Long Term Disability Plan

The KBA long term disability plan allows banks to help protect their employees most important asset—the ability to earn a living. The plan will replace 70 percent of an employee’s salary up to $12,000 per month in the event of a disability. There are various elimination period options available. The benefit will continue for the length of the disability up to age 67. The premium can be paid by the bank or shared with the employee.

Short Term Disability

Short Term Disability is meant to bridge the gap between short and long term illness/disability. The benefit pays the employee 66 2/3 up to $1500 weekly while on claim. The plans were designed to pair with our various Long Term Disability options.

Voluntary Accidental Death & Dismemberment Plan

The KBA voluntary AD&D plan provides a benefit to employees and their dependents if they are killed in an accident. The plan is ideal for bank employees that have spouses involved in vocations that are more risk-prone than banking. The employee elects the amount of coverage and paid for via payroll deduction.

Cancer/Specified Disease/Intensive Care

Pays actual charges to help cover the out-of-pocket expenses involved with treating cancer/specified diseases and intensive care confinement. Payment is a set amount per type of treatment. Benefits are adjustable and include a wellness rider.

Hospital Indemnity

Lump sum daily benefits paid directly to the member to help cover the cost associated with hospital admission. The plan is guaranteed issue, no pre-existing condition exclusions.

Accident Insurance

Provides a range of fixed, lump-sum benefits for injuries resulting from a covered accident. These benefits are paid directly to the member and can be used for any reason.

Pet Insurance

Accident and illness policy provided through ASPCA with various deductible and coverage options to meet your pet’s needs.

KBA Felonious Assault Plan

The KBA felonious assault plan enables a bank to pay a $50,000 benefit to a bank employee’s family if the bank employee is killed in either a crime involving the bank’s assets or in an accident while traveling on bank business. The very low premium is paid annually and is based on the total number of employees and the number of physical locations.