IMPORTANT You MUST review this presentation and make

IMPORTANT! You MUST review this presentation and make necessary changes as listed below. You as the Employer MUST customize the pages in this presentation to meet your group’s specific needs. • Customize HSA annual limits on page 6, if necessary (contact EMPOWER to obtain the annual limits). • If your Plan includes an FSA or HRA, include slides from those presentations as well. • Add additional information about your company, if desired, such as when Employees should return FSA election forms.

Welcome to the EMPOWER HSA! This presentation explains the benefits of contributing to an HSA. Questions? Please contact EMPOWER at (800) 819 -9571.

Eligible expenses: • Copays, coinsurance, insurance premiums • Doctor visits and surgeries • Over-the-counter medications It’s yours - individually owned account you take with you if you leave the company (first-aid, allergy, asthma, cold/flu, heartburn, etc. ) • Prescription drugs • Birthing and Lamaze classes Set money aside pre-tax to pay for • Dental and orthodontia healthcare expenses • Vision expenses, such as frames, contacts, prescription Contribute, use and invest tax-free! sunglasses, etc.

In order to enroll in an HSA you must be enrolled in a high-deductible health plan (HDHP) You’re not eligible for an HSA if: • You’re covered by a spouse’s or partner’s HMO or PPO plan • You or your spouse is covered by a medical flexible spending account or health reimbursement arrangement • You’re claimed as a dependent on someone else’s taxes

What is a high-deductible health plan? Must meet the IRS guidelines for minimum annual deductibles and maximum out-of-pocket costs. High-Deductible Health Plan (HDHP) Limits 2020 2021 HDHP Minimum Annual Deductible – Self Only (Statutory Deductible) $1, 400 HDHP Minimum Annual Deductible – Family (Statutory Deductible) $2, 800 HDHP Out-of-Pocket Maximum – Self Only $6, 900 $7, 000 HDHP Out-of-Pocket Maximum – Family $13, 800 $14, 000

Catch-up contributions HSA Maximum Contribution Limits 2020 2021 Self Only $3, 550 $3, 600 Family $7, 100 $7, 200 Catch-up Contributions (age 55 by the end of the year) 1, 000 $1, 000 Contribution deadline The HSA contribution deadline is the same as the federal tax-filing deadline. If you are 55 years of age or older, the IRS allows you to contribute an additional $1, 000 annually to your account.

3 ways to contribute: Pre-tax payroll contributions HSA funds roll over from year to year. You may increase or decrease your contribution at any time. No qualifying life event needed. Post-tax contributions Employer contributions

Once you meet the minimum cash balance threshold, you can start investing your HSA funds. Check out your investment options and information in your online account or mobile app. • Step-by-step investment enrollment process with access to the Guidance Tool • Educational resources • Expense analysis dashboard – plan, budget, manage • Enhanced funding options including “HSA Advance” contribution capability • Integrated HSA investment goals & analysis • Account activity & plan details • Notifications/text alerts

Once enrolled, you will have access to: Use the EMPOWER VISA debit card to pay for HSA qualified expenses or Online account to request a distribution from your account. You may request distributions online at Payment debit card Mobile app Empower. Flex. com or through the EMPOWER Mobile App.

The mobile app allows you to: q Use fingerprint login to access account(s) with ease q Check balances & account details q Upload documentation used for identity verification and HSA account opening q Initiate an HSA distribution or contribution q View HSA investment details q Scan a product bar code to determine eligibility as a qualified medical expense q Access account funds to pay yourself or someone else, such as a doctor q View important messages about account(s) and get notifications via text alerts q Click to call or email customer service to report a debit card as lost or stolen

For more information contact EMPOWER (316) 687 -3444 or (800) 819 -9571