2019 Annual Benefits Enrollment is coming soon

Follow these three steps to get the most out of the Annual Benefits Enrollment resources and be confident about your 2019 elections:

Have general questions about the benefits you’ll be able to elect during Annual Benefits Enrollment — or other benefits offered by the company? Call the Global HR Service Center at 800.556.6044.

Then, you’ll be ready to enroll Oct. 4–19 on My Benefits Resources or by calling the Global HR Service Center.

*If you’re eligible for Child Care Plus, you may enroll at any time after Oct. 4, but we’re making it easier to participate in 2019 by including it as an election during Annual Benefits Enrollment.

Beginning Sept. 13 – Review coverage options

You’ll receive resources to help you get ready to enroll. This is a great time to review the coverage, carriers and insurance you have today and decide whether you want to make any changes for 2019.

Beginning Sept. 20 – Compare costs

Your individual medical plan premiums for 2019 will be available on My Benefits Resources. Use the Medical Expense Estimator to compare your estimated out-of-pocket costs and premiums across the plans and carriers.

Beginning Oct. 1 – Review your enrollment guide

Look for your enrollment guide in the mail or email to evaluate all your benefit options.

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As we all remain focused on responsible growth for our company, Bank of America is committed to being a great place to work. We deliver on that commitment in a number of ways — and one is by offering quality health care benefits, with premium increases below the U.S. national average. We also offer related wellness programs, benefits and services to help you manage your work and personal lives.

You’ve told us that our benefits are key to Bank of America being a great place to work. So we regularly review our benefits programs — considering broader market trends and your feedback — to help ensure that we’re providing programs that meet your needs.

Beginning Oct. 4, you’ll be making important decisions about your benefits for 2019. It’s time to start thinking about your current coverage and what may work best for you and your family in the coming year.

What to expect and what you can do to prepare

Actions you’ll be able to take during Annual Benefits Enrollment

During the enrollment period, you’ll have the opportunity to make decisions about your benefits for 2019:

• Medical, dental and vision coverage

• Health care account(s)

• Supplemental insurance coverage

• Other benefits you may be eligible for — including a Prepaid Legal plan, Purchased Time Off (PTO), the Dependent Care Flexible Spending

Account and Child Care Plus®.*

What you should know about your 2019 benefits

• You’ll have the same options for your medical and dental carriers and plans, as well as your prescription coverage. The Aetna vision plan is also staying the same. VSP vision coverage will not be offered.

• Some employees may experience a 2–6% increase in their annual medical plan premiums, depending on their pay tier and which medical carrier/plan they choose.1 We’ve continued to keep these premium increases lower than the national average, due in large part to your commitment to wellness and participation in our wellness programs.

• Employees making less than $50,000 in Performance Year Cash Compensation (PYCC) will not see an increase in their medical premiums in 2019.

• We’ll continue to offer the Prepaid Legal plan benefit, which provides you with access to a network of experienced attorneys who can perform many personal legal services — and covers all in-network attorney fees. In 2019, our Prepaid Legal offering will expand to two plans, giving you another option at a different price point:

– Prepaid Legal Essential Coverage: Provides access to some of the most frequently used legal services, such as will preparation, document review, powers of attorney, traffic ticket defense and more.

– Prepaid Legal Full Coverage: A complete and comprehensive package of fully covered legal services, including wills and estate planning, real estate matters, family law, consumer protection, debt matters, immigration assistance, traffic and criminal matters, document preparation and civil lawsuit defense.

Take advantage of other great benefits — outside of Annual Benefits Enrollment — to help support your physical, financial and emotional wellness

Just some of the benefits that are available year-round:

• Wellness coaches and nutrition support

• Confidential counseling through the Employee Assistance Program

• Child Care Plus

• Back-up care

• Adult care services

• Commuter Benefit Program

• Tuition reimbursement and free academic advising

For information about these and all of your benefit options, go to HR Connect or Employee Resources at Home.

1 The percentages indicated do not apply for employees who move to a higher pay tier. The percentage increases are what employees may experience if no other factors/changes occur in the employee’s situation (for example, pay tier increase, change in state residence, change in tobacco status, or change in completion of wellness activities by due date for employee, and/or covered spouse or partner).

2 Some states tax employer contributions to HSAs (California and New Jersey), and Health and Limited Purpose FSAs (New Jersey). This information accurate at time of mailing. 3 The bank contributes to the HSA and HRA accounts of employees earning less than $250,000 in PYCC. All HSA and HRA participants — at any pay tier — can take advantage of the pretax savings.4 Only available to participants enrolled in a bank Aetna, Anthem or UHC medical plan. The state of Idaho allows video visits only. Arkansas and Delaware require the first visit be completed by

video. All other states allow for both phone and video visits.This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.Bank of America, N.A. Member FDIC. 2018 Bank of America Corporation. | PC-06-18-0332.B | ARTKWW88 | 8/18

Ways to manage your health care costs

• Multiple plan options let you decide if you’d like to pay more up front — through premiums — or when receiving care.

• The Medical Expense Estimator — available beginning Sept. 20 on My Benefits Resources — will help you compare your estimated out-of-pocket costs and premiums across the plans and carriers.

• Health care accounts allow you to use pretax money2 to pay for eligible health care expenses. And the bank contributes money to two of them — the Health Savings Account (HSA) and the Health Reimbursement Arrangement (HRA).3 The HSA also lets you invest unused funds and not pay taxes on the earnings — allowing your money to grow so it can be used to offset health care expenses down the road.

• In-network providers allow you to maximize your benefits and save money. Log in anytime to My Benefits Resources (mybenefitsresources.bankofamerica.com) and use the Find Doctors and Facilities link on the medical and dental election pages to confirm that your health care providers, labs and hospitals are in network.

• Core life and disability insurance — provided at no cost to you — helps you manage the unexpected, and you can elect to purchase supplemental insurance based on your and your family’s needs.

• Teladoc® offers an affordable way for you to have a virtual appointment with a doctor 24/7 for non-emergency consultations, receive a diagnosis and have medications prescribed — from the convenience of home or while you’re traveling — even from a personal mobile device.4 And Comprehensive PPO plan members will see their Teladoc copay decrease from $15 to $5 in 2019.

The Benefits Education & Planning Center (BEPC) can help

The BEPC has dedicated, confidential counselors who can offer personalized advice on what benefit options and coverage may be right for you. In the coming weeks, as you receive more details about Annual Benefits Enrollment and the benefits you can elect in 2019, you’ll be able to call the BEPC at 866.777.8187 during expanded hours to speak with a counselor. The BEPC also offers webinars to educate you on key topics that can aid in your decision-making process.

Watch for more Annual Benefits

Enrollment information in

September — including tools

and resources — that will help

you make the benefit elections

that will best meet the needs of

you and your family in 2019.

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