BenefitWallet™ is an independent administrator for your HSA. BenefitWallet allows HSA holders to invest their HSA dollars. BenefitWallet begins with an FDIC-insured, interest-bearing checking account where all HSA deposits are first credited. No minimum balance is required to open and maintain the BenefitWallet HSA Checking Account.

Your BenefitWallet HSA will not become active until after the date you have completed the enrollment process, your Plan HSA enrollment has been received and your Plan HSA coverage becomes effective. Unless your Plan HSA coverage begins on the first day of the month, your Health Savings Account will not be effective until the first day of the following month.

Once an HSA checking account balance reaches $1,000, you generally may set up a BenefitWallet Investment Account and begin to diversify your accumulated HSA savings in excess of $1,000 among a selection of investment funds. Note: A minimum of $1,000 must remain in your BenefitWallet HSA Checking Account.

If you participate in Plan HSA and decide not to enroll in medical coverage with BNY Mellon, you will be charged $3.25 per month as an account maintenance fee to keep your checking account open plus $2.90 per month if you continue to invest your HSA.

A fee of $2.90 per month is charged if you choose to use the BenefitWallet HSA investment platform. There are no additional transaction fees, loads or commissions.

If you elect Plan HSA, you will be given the BenefitWallet HSA terms and conditions. Once you agree to those terms and conditions, your electronic signature will be used to activate your HSA on your plan effective date. You will also receive a packet of information and a Master Signature Card in the mail, as well as additional information on how to use your HSA. To receive a checkbook and provide beneficiary information to BenefitWallet, you will need to sign and return the Master Signature Card by mail. To finalize opening your account, you will also be required to provide certain information as required by the U.S. Patriot Act (including such items as name, address, date of birth, Social Security number, etc.). Separately, you will be mailed two health care payment (debit) cards. Once you reach your plan effective date, as long as your HSA is activated, you can use your HSA checkbook and health care payment card to pay for prescription drugs or other qualified health care expenses up to your available account balance. (When you stay in-network, your provider will file claims for you to ensure that you receive the higher, in-network level of benefits.)

If you elect Plan HSA, BNY Mellon will contribute to your HSA on or before your first pay following your plan effective date and you can make your own pre-tax contributions through semi-monthly payroll deductions (which you can change monthly). Alternatively, you may make a lump-sum contribution (see "Lump-Sum Contribution" for more information).

The maximum annual amount you can contribute to an HSA is shown in "Health Savings Account (HSA) Contributions." This amount is determined by subtracting BNY Mellon's contribution and any wellbeing incentives you earn from the maximum annual contribution allowed by the IRS. Depending on how much you choose to contribute, your total annual contributions (plus BNY Mellon contributions) can cover the full cost of your annual deductible. This means you would be able to cover any qualified health care expenses leading up to your deductible using pre-tax money (based on federal taxes).

Please Note: Once you enroll in any part of Medicare, including Part A, Part B and/or Part D coverage, you will no longer be eligible to contribute to an HSA and will not be eligible to receive any BNY Mellon contributions. To the extent that contributions are made to your HSA after your Medicare coverage starts, you may be subject to a tax penalty. If you would like to continue contributing and/or receiving BNY Mellon's automatic contributions to your HSA, you should not apply for any part of Medicare, Social Security or Railroad Retirement Board (RRB) benefits.

You decide how to spend the money in your HSA. You can use your HSA to help meet your annual deductible or pay other qualified health care expenses that may not be covered by the Plan, such as dental and vision. You also can choose to pay expenses out of your own pocket and save your HSA balance for future expenses, including retiree medical premiums and other qualified health care expenses. For more information about qualified health care expenses, visit www.mybenefitwallet.com.

If you use all the money in your Health Savings Account before you meet the annual deductible, you'll be responsible for paying additional health care costs—up to the annual out-of-pocket maximum—out of your own pocket.

If you do not use all the money in your HSA, you can leave it there for future use. After your account balance reaches $1,000, you will generally have access to investment options offered through BenefitWallet. In the event the investment account falls below $1,000, contributions will be deposited to the HSA checking account until the balance again reaches $1,000. If you choose an automatic sweep of your contributions to your investment account, the automatic sweep will not occur unless the balance reaches $1,000. For more information about HSA investment options, visit www.mybenefitwallet.com.

Here's what you need to do to contribute to the HSA:

Select an annual contribution amount, up to the maximum allowable. (If you elect to cover adult children up to age 26, they may not be eligible for reimbursement from your HSA. See "How the HSA Works" for details.)

When you contribute by payroll deduction, your contributions are deducted from your pay before federal and Social Security taxes are deducted, to the extent such amounts do not exceed the maximum contribution limits permitted by the IRS. In most states, HSA contributions and earnings also are exempt from state income taxes. You can change the election monthly. The new amount (if your change election is received by the fifteenth of the month) will be effective on the first day of the following month.

While BNY Mellon monitors your HSA pre-tax payroll contributions and wellbeing health account deposits to assist in ensuring that IRS contribution limits are not exceeded, please note that it is your responsibility to determine whether your total HSA contributions exceed the maximum IRS contribution limits in a particular year. If your total HSA contributions (including your own post-tax contributions, pre-tax payroll contributions, wellbeing health account deposits and BNY Mellon contributions) exceed the applicable IRS limit, you may withdraw the excess without penalty until the deadline (including extensions) for filing your federal tax return for the tax year for which the excess contribution was made. After that time, any excess contributions are subject to both income taxes and an excise tax.

If you wish, you may contribute to your HSA by lump-sum payment, using either a deposit slip from an HSA checkbook or by electronic funds transfer. Both methods will be described in the Welcome Kit you will receive after enrolling.

If you want to:

If you already have a Health Savings Account at another institution, you can roll over or transfer your funds to BenefitWallet HSA. More information will be provided in the Welcome Kit you will receive after enrolling.

You will receive:

If you select Plan HSA and decide in a subsequent year to change to a non-HSA qualified plan, any remaining balance in the HSA continues to be available for your use in covering qualified health care expenses and/or can be saved.

The HSA will remain open. However, you will not be eligible to make contributions into it until you are again covered under Plan HSA or another high-deductible health plan. As long as amounts in the HSA were contributed while you were eligible, you can continue to use the HSA when you are covered by a non-HSA plan. Additionally, you will be charged $2.90 per month if you continue to invest your HSA.

If you become disabled and are receiving Short-Term Disability benefits, you will remain eligible to receive BNY Mellon's annual contribution to your HSA and may continue to make pre-tax contributions to your HSA while receiving pay from BNY Mellon. If your pay ends, your payroll contributions to the HSA will cease at the same time. However, you may make after-tax contributions directly to your HSA. These after-tax contributions will be deductible on your 2018 federal income tax return.

If you transition to Long-Term Disability status, you will no longer be eligible to receive BNY Mellon contributions and can no longer make pre-tax payroll contributions to your HSA because your pay from BNY Mellon ends. However, you may make after-tax contributions directly to your HSA. These after-tax contributions will be deductible on your 2018 federal income tax return.

In the event that you transition to Long-Term Disability status and subsequently become enrolled in any part of Medicare (including Part A, Part B, etc.) or Tricare, you will no longer be eligible to contribute to your HSA. However, your HSA will remain available for your use in paying qualified health care expenses.

Since transition to Long-Term Disability status is considered a qualified life event, you may change your health plan coverage at the time of this status change. If, in doing so, you opt out of the Plan HSA, your HSA will remain open and any remaining balance in that account will continue to be available for your use in paying qualified health care expenses.

Note, however, even if you cease to be eligible to make contributions to your HSA, you will be charged $2.90 per month if you elect to continue to invest your HSA.

In the event of your death, the disposition of amounts remaining in your HSA depends on whom you name as your beneficiary:

The Health Savings Account is offered in conjunction with Plan HSA as a voluntary benefit directly by BenefitWallet. The HSA is not part of The Bank of New York Mellon Health and Welfare Plan and is not governed by the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). BNY Mellon neither endorses BenefitWallet as the HSA vendor, nor is it sponsoring the HSA program. BNY Mellon's role with respect to the HSA is limited to permitting contributions to the HSA on your behalf. For more information about the HSA, we encourage you to contact the BenefitWallet Service Center at 1-877-472-4200 or www.mybenefitwallet.com. Please also note, the HSA is neither a COBRA-covered benefit, nor is it funded through a trust arrangement.

Your HSA, once established, will be a checking account and, if certain threshold limits are met, you may be eligible to invest your HSA in certain mutual funds. BenefitWallet determines whether you are eligible, and qualify, for investing your HSA in its pre-determined investment options. Please carefully review the agreement provided by BenefitWallet for your rights and responsibilities when participating in such an arrangement. Each fund has a particular investment objective and, accordingly, the degree of risk involved and the potential for long-term appreciation (or depreciation) will vary. You may call BenefitWallet at 1-877-472-4200 to request written materials, including a current prospectus, for each of the funds. You may also obtain written materials, including a current prospectus, by accessing the BenefitWallet website at www.mybenefitwallet.com. Please refer to the prospectus for each fund for detailed information and financial data pertaining to that fund. BenefitWallet, in its sole and absolute discretion, selects the investment funds and may in the future change the available funds and the procedures for investing your HSA in one or more of these funds.