UNIVERSAL BENEFIT ACCOUNT Employee Education Enrollment Healthcare FSA

UNIVERSAL BENEFIT ® ACCOUNT

Employee Education & Enrollment Healthcare FSA ● Dependent Care Account

Who is TASC? TASC has been chosen by your employer to administer your benefit accounts. • Third-Party Administrator (TPA) for employee benefits • Provides plan administration and compliance – Process requests for reimbursements – Customer Care • Offers participant web portal, mobile app, stacked card, and multiple self-service tools Madison, Wisconsin

What You Will Learn ü ü ü ü The tax advantages of pretax benefits Features of each benefit account Why you should participate How to get money into the accounts How to enroll How to manage and use your account How access your funds / get reimbursed for eligible expenses

Tax Advantaged Benefits Designed to save you money! • Money in an FSA/DCA is never taxed – No federal income tax – No state income tax – No social security tax • Every dollar you contribute is pre-taxed, reducing your taxable income and increasing your take-home pay The more you contribute, the more you save

Pretax Savings Example Sam’s Annual Salary: Out-of-Pocket Medical Expenses: Out-of-Pocket Dependent Care Expenses: $35, 000 $ 1, 000/year $ 1, 500/year $2, 500 Total Annual Election 1 No Pretax Gross Pay $ 35, 000 FSA Contribution (health & dep care) $ $ 2, 500 Taxable Income $ 35, 000 32, 500 Taxes (Fed, State, FICA) @ 25% $ 8, 125 Out-of-Pocket Expenses $ year! 2, 500 Sam saves $625 per 2 With Pretax $ 0 - $ 8, 750 -$ - $

REGULATORY CHANGES APPLIED COVID-19 Stimulus Package 3/27/20 • Over the Counter (OTC) drugs & medications now reimbursable without a prescription under FSA • Extended claims period for FSA and DCA (2020) • Carryover for Health FSA increased to $550/year (permanent) 7

HEALTHCARE FSA

Healthcare Flexible Spending Account (FSA) With rising healthcare costs, every penny counts! • Annual Election: Set aside pretax dollars to be used toward eligible healthcare expenses throughout the plan year • Annual election must be within IRS maximum contribution limit 2750. 00 • Applies to Employee (self), Spouse, and/or Dependents • Maximum Dependent Age: 26 • 100% of annual election available on day one • Use-it-or-Lose-it Rule applies • Carryover option (employer elected) • Carryover up to $550 into next Plan Year • Only available for Healthcare FSA

Healthcare FSA: Eligible Expenses • • Co-pays and deductibles OTC drugs/medications (as of 1/1/20) Prescriptions/Rx Dental/orthodontia care Vision care Disability expenses Vaccinations Smoking Cessation Programs • • • Ineligible Expenses: Insurance premiums Cosmetic procedures Vitamins/supplements Diet products/food Health club fees Non-prescription glasses View complete list of eligible and ineligible expenses at www. tasconline. com/eligible-expenses/

DEPENDENT CARE ACCOUNT

Dependent Care Account (DCA) • Elect pretax dollars annually to pay for eligible dependent care expenses • Use-it-or-Lose-it Rule (no Carryover option) • Money In, Money Out: Dependent Care funds are only available as they are contributed to the Plan via payroll. • Dependent Qualifications: – – – Individual that regularly spends at least 8 hours a day in your home Dependent care for children under age 13 Dependent who is physically or mentally incapable of self-care Your daycare provider must claim your payments as income and pay tax Review Dependent Care Qualifications Flyer for complete details: www. tasconline. com/uploads/KB/Flexsystem/FX-3166 -080115%20 FX%20 Dependent%20 Care%20 Qualifications. pdf $5, 000 max contribution per year

Dependent Care Account: Eligible Expenses • • • Daycare expenses Before and after school care Nanny expenses Nursery school Registration fees Elder care • • • Ineligible Expenses: Tuition Transportation Activity fees/supplies Field trips Overnight camp View complete list of eligible and ineligible expenses at www. tasconline. com/eligible-expenses/

Plan Participation

Why Participate in an Pretax Benefit? • Using pretax dollars for eligible expenses. • Reduce your income taxes significantly • Offset the impact of rising healthcare costs. • Each account is a FREE benefit to you, paid for by your employer. • TASC offers easy-to-use tools and fast reimbursement options.

How to Participate • Enroll each year to participate (does not automatically renew) • Elect your annual election for each benefit • Pretax payroll deductions begin on plan year start date • Access your benefit account funds to pay for eligible expenses

How much should you contribute? Estimate out-of-pocket expenses for the plan year for you and your qualified dependents: Healthcare expenses for Employee (self), Spouse, and/or Dependents Dependent Care expenses for Qualified Dependents • Make sure your expenses qualify for FSA reimbursement • Follow tax guidelines, rules, and limits. View IRS contribution limits at www. tasconline. com/benefits-limits

Use-it-or-lose-it rule • Leftover FSA funds are carried over up to 550 • DCA funds are forfeited at year-end • Plan options, as elected by employer: TRANSITIONAL or CARRYOVER PERIOD Carry up to $550 per year (Healthcare FSA only) Automatically moves to new Plan Year after Runout Date. May be manually moved sooner via My. TASC. “Grace/Runout Period” Extended time period to use leftover funds

TIPS to Protect your Funds (FSA/DCA) • Be conservative. Set aside only dollars you will actually use. • Access your account to check balance frequently. • Carryover (if elected) allows up to $550 of leftover Healthcare FSA funds to carry over into next plan year. • Runout Period (if elected) may run for up to 90 days.

Enrollment: Summary of Steps 1. Review the TASC education materials 2. Determine your annual contributions to each benefit based on estimates annual expenses 3. Watch for the TASC Card® to arrive in the mail 4. Use the funds in your account(s) to pay for qualified expenses for you and your family throughout the plan year

Availability of Funds • FSA Funds: The total amount of your Healthcare FSA annual contribution is available to you at the beginning of the Plan Year (aka, “coverage float”) EXAMPLE: if your annual contribution is $1500 and you have a medical expense of $500 during the first month of the plan, you would have access to the total amount of your annual contribution ($1500) to cover the $500. • DCA Funds: Available only as they are deducted from your paychecks (money-in, money-out) Note: Funds cannot crossover between each account type (i. e. , FSA funds cannot be used for dependent care expenses)

Two Ways to Access FSA Funds TASC Card (Benefits Debit Card) Request for Reimbursement

TASC Card • Immediate access to benefit account funds to pay for eligible expenses, acting like a debit card • Mailed to your home upon enrollment • Card is accepted for eligible expenses only – My. Cash funds on card may be used for any purchase! • Replaces the need for requesting a reimbursement – Keep your receipts in the event verification is required

TASC Card Features • Direct payment to provider or merchant from your funds • No need to pay out-of-pocket and request a reimbursement • Can request one additional card for a dependent/spouse at no cost • Good for four years – automatically reissued • My. Cash account for reimbursed funds – Access via TASC Card for any type of purchase – Withdraw cash via ATM or transfer funds to bank account – Funds deposited within 12 hours of request! Faster than bank deposit

Important Notes for TASC Card • TASC Card may not be used for expenses incurred in a prior plan year • TASC Card may not be used to obtain “cash back” when making a purchase; benefit funds cannot be withdrawn via ATM • If card is used for an ineligible expense, the amount will need to be paid back to your benefit account by submitting a check

Reimbursement Features • 24 -Hour Processing (12 -hours with My. Cash deposit) • My. Cash Account – use reimbursement funds for any purchase • Direct Deposit (or check mailed to your home) • Request Status: online, mobile app or call Customer Care • Email/Text Notifications

Submitting Substantiation • Online Request: Complete a request online and upload your receipts/statements all at once! Upload receipts any time online to substantiate previous requests. • TASC Card Transactions: Keep your receipts as some transactions may require substantiation. • Mobile App Requests: You may submit a picture of the receipt as substantiation. Keep a record of your receipts and submissions in the event of an audit!

My. Cash Account • Use My. Cash funds just like cash at any retailer that accepts Mastercard • Funded by reimbursement deposits – Fastest reimbursement payment method (within 12 hours) • Access My. Cash funds for any purchase: – TASC Card (Mastercard accepted) – ATM cash withdrawal – Transfer to a personal bank account • One transaction for benefit and retail purchases (smart-card technology) • No expiration • My. Cash Manager online (view transactions, schedule a transfer)

PARTICIPANT TOOLS & FEATURES

UNIVERSAL BENEFIT ACCOUNT™ SMART EASY CONNECTED

PARTICIPANT FEATURES PLAN MANAGEMENT ü Single Sign In ü FREE Mobile App: • • • Omnichannel Experience Biometric Security Picture to Pay Request a Reimbursement Receipt Repository ATM Locator Eligible Expense Lookup ACCESS TO FUNDS ü ü • ü ü TASC Card (stacked) My. Cash Card Decline Protection Card Lock TASC Wallet • Card Holder • Card Management ü Fast Reimbursements CUSTOMER SERVICE ü Alerts • Chat (coming soon) ü IVR BONUS FEATURES ü Identity Theft Protection ü FREE Giving Account

Participant Overview

Participant Overview

Reimbursement

Participant Experience

Biometric Security

Identity Theft Protection • Reimburses coverage up to $25, 000 annually • For participants and their dependents • Covers out-of-pocket losses associated with identity theft • One-of-a-kind

TASC Card Lock

TASC Card • • Stacked My. Cash Individual Giving Account Block/Unblock

My. Cash • Fastest access to reimbursed funds • Immediate • Access by card, website, or ATM • No restrictions on use

Expense Eligibility Check

Receipt Repository • Clean out your wallet! • Digital filing • Long term or short term storage INNOVATIVE SERVICES of VALUE

TASC Card Management

Card Holder • Easy access to cards of all types • Provides peace of mind • Easy uploading

Picture to Pay

Pay the Provider • • Sign in to website Complete required fields TASC pays service provider from your benefit account No paperwork!

Customer Care 1. 800. 422. 4661 www. tasconline. com My. TASC Online • Log in to My. TASC • Click “Contact Us” • Fill out service request • 24 -48 -hour response time Interactive Voice Response • Have 12 -digit Participant ID number ready • Available 24/7 Live Telephone Support • Monday-Friday 8: 00 am – 5: 00 pm (all time zones)

This presentation and all materials presented are the property of TASC. No part of this presentation or any of the materials provided may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission from TASC. To the extent allowed by law, TASC intends to recoup any value lost by an unauthorized use or disclosure including the TASC profits that may have been lost or the profits made by the disclosing party.