1 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. OE-DCFSA-PPT Health Savings Accounts (HSAs) for Wellesley College

2 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. The HSA Advantage  The Benefits of an HSA Funds roll over from year-to-year: No “use it or lose it” Tax benefits on contributions, earnings and distributions Contributions are pre-tax via paycheck Funds follow you, may be transferred to another HSA No receipts needed for reimbursement (keep in case of audit) Build your retirement savings

3 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. FSA, HSA, or Both?

4 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Reimbursements  You can access your HSA funds by: Paying with your debit card Using the EZ Receipts mobile app Using Pay My Provider through WageWorks.com Using Pay Me Back (to be reimbursed)  You should keep your receipts, but you do not need to provide them to WageWorks

5 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Withdrawals  Withdrawals for qualified medical, dental, or vision expenses are tax-free  Withdrawals not used for qualified expenses are assessed normal income tax plus a tax penalty  There is no penalty to withdraw if 65 or older, or on certain types of disability Income tax still applies if not for qualified expenses

6 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. If You Leave Wellesley…  If leave the College… Debit card and other functionality remains active for the HSA The card will no longer access the FSA account (if applicable)  WageWorks will notify you in writing of your options: Keep HSA open with WageWorks for a monthly fee, liquidate and close the account, transfer funds to another HSA 6

7 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. OE-DCFSA-PPT BNY Mellon Features & Options

8 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. 8 BNY Mellon: Our Capabilities Offers an integrated account and investment management platform on WageWorks.com Provides an FDIC-insured, interest-bearing “liquid” account with mutual funds and no per-trade fees Includes automatic fund allocation capabilities Gives you 24/7 access to statements and tax forms

9 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. BNY Mellon: Investment Options BNY Mellon: Investment Options Includes 16 mutual fund options Requires only a $1,000 minimum (first time only) for investing No additional enrollment or separate site access is required You pay only $2.00 per month fee for investing Charged only for months with $ in investments; is not an annualized fee

10 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. 10 How to Sign Up TOOLS  HSA Savings Estimator  Plan Comparison Calculator  Now iKnow – HPHC Tool  Harvard Pilgrim Claims Details  HSA PowerPoint  HR Website  Group Presentations  One-on-One Appointments First, Decide Then Enroll Login to College Benefits Portal Choose HDHP Contribute to HSA Login to WageWorks  Look up account balance  Pay providers with HSA  Invest HSA funds Login to HPHC  Find doctors  Look up deductible usage  View claims activity Login for info RESOURCES

11 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Registering Online From the WageWorks.com homepage, click Log In/Register -> Employee RegistrationWageWorks.com

12 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. OE-DCFSA-PPT HSA & Limited Purpose FSA Employee Experience

13 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Accessing Your HSA Money

14 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Additional Option: Limited Purpose FSA  You may enroll in the HSA and a Limited Purpose FSA  The Limited Purpose FSA generally covers only dental and vision expenses  Once you’ve met the HDHP deductible for the year, the Limited Purpose FSA can also be used for medical expenses 14

15 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Your WageWorks Card  You receive a WageWorks card once you complete the application  If you also sign up for the Limited Purpose FSA, you will receive the card even if you don’t complete the HSA application  Be sure to complete the application before January 1st so the account can accept your first payroll contribution

16 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Card Use: Submitting Bills/Receipts  HSA No substantiation to WageWorks is required The IRS will impose an additional 20% tax on the part of the distributions not used for qualified medical expenses  FSA All transactions must be substantiated, per the IRS Receipts will not be needed if a card transaction meets one of the following criteria: - Match to a Recurring Transaction - Health Plan Copayment Amount - Merchant Has IRS-approved Inventory System If receipt/EOB/etc. is not submitted in 90 days, the card will be suspended 16

17 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.  Online view of activity is available 24/7 One view for all plan types  Can set options for and text notifications 17 The WageWorks Site

18 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Accessing BNY Mellon From your HSA Account Activity page, click “Investment Options” to access your BNY Mellon account

19 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Mobile Account Access  Mobile Site  EZ Receipts App

20 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.  Visit WageWorks.com for plan information, eligible expenses, forms, and more 20 Online Resources

21 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. Customer Service  You may call for account information at WAGEWORKS ( ) Customer Service Representatives are available Monday through Friday, 8 AM to 8 PM ET (excluding holidays) 21

22 © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. © 2014 WageWorks, Inc. All rights reserved. This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc. OE-DCFSA-PPT Questions?