Matt Irvine

VP of Area Sales

October 2, 2019

Episcopal Business Administration Conference

HealthEquity, Inc.

HealthEquity, Inc.

Connecting Health and Wealth

Important Information

• Nothing in this communication is intended as legal, tax, financial, or medical advice. Always consult

a professional when making life changing decisions. It is the members' responsibility to ensure

eligibility requirements as well as if they are eligible for the plan and expenses submitted.

• HSAs are never taxed at a federal income tax level when used appropriately for qualified medical

expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please

consult a tax advisor regarding your state's specific rules.

• Investments available to HSA holders are subject to risk, including the possible loss of the principal

invested and may not be eligible for federal depository insurance by the FDIC or NCUA or

guaranteed by HealthEquity, Inc. HealthEquity, Inc. does not provide financial advice. HSA holders

making investments should review the applicable fund’s prospectus. Investment options and

thresholds may vary and are subject to change. Consult your advisor or the IRS with any questions

regarding investments or on filing your tax return.

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We are growing at a record pace

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America’s Healthcare Problem

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1 https://www.cms.gov/research-statistics-data-and-systems/statistics-trends-and-reports/nationalhealthexpenddata/nationalhealthaccountshistorical.html2 https://www.healthsystemtracker.org/chart-collection/how-have-healthcare-prices-grown-in-the-u-s-over-time/#item-prices-for-inpatient-hospital-care-have-grown-rapidly-for-privately-insured-patients3 https://www.usatoday.com/story/money/business/2018/06/06/health-care-costs-price-family-four/676046002/4 https://inflationdata.com/Inflation/Inflation/DecadeInflation.asp 5

America’s Retirement Problem

1 2017 Nerd Wallet Study: https://www.nerdwallet.com/blog/finance/survey-financial-health-basics/2 2017 Paychex Survey: https://www.paychex.com/articles/employee-benefits/survey-retirement-plan-misconceptions-small-companies3 2018 GoBankingRates Survey: https://www.gobankingrates.com/retirement/planning/why-americans-will-retire-broke/

Only 1 in 10 Americansis saving enough money to cover

short-term expenses and retire comfortably.1

53% of companies don’t

offer a 401(k) plan2

33% have no retirement savings

56% of Americans have

less than $10k saved3

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These problems

are connected

Based on US Census Bureau of Labor Statistics/ 2018

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1

Nmezi family 7

A Connected Solution for All

HealthEquity does not provide legal, tax, or financial advice.

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HSA Advantages vs Disadvantages

Employer Advantages

Ability to help control costs and utilization

No plan document

Employee Advantages

Can be funded by anyone

Funds roll over

Owned by individual

Can save for expenses in retirement

Funds earn tax-free interest

No maximum balance

Account is portable

No plan document is required

Employee Advantages, cont.

Triple-tax benefit

Preventive care is covered

Use it or keep it

No COBRA requirements

Cover medical expenses of all tax

dependents

Investment options possible

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HSA Advantages vs Disadvantages

Employee Disadvantages

HSA-qualified health plan is

required

Funds are only available after

deposit

IRS reporting requirements

Maximum funding limits

Can’t be used with full

medical FSA

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Best-in-class Engagement Tools

Dedicated learn sitesdestination sites for ongoing and OE

engagement of each accountholder cohort

Mobile/ digital learning journeysaccelerates members’ health and wealth journey –

includes videos, knowledge base links, step-by-

step guides

Media librariesincludes standard and

customizable collateral

Benefit advisor centralone-stop marketing intelligence

source for benefit advisors(coming in Q3)

Continuous AI-powered behavioral engagementsynchronized across members’ digital and analog service experience

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The purple experience: Enabling this journey

For illustrative purposes only. Member’s experiences will vary.

Average ‘Saver’ balance is per HealthEquity FY 2017 Network Partner data

‘Saver’ = HSA accountholder with >$1 in invested HSA funds| partnership tenure is >=5 years1 HealthEquity, Inc. does not provide financial advice. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, does provide web-based investment advice to HSA holders that subscribe

for its services (minimum thresholds and additional fees apply).12

Superior Quality of Investments

Source: Morningstar, Inc. Data as of 6/27/1713

Investment services: Proactive and Ongoing

1Source: HealthEquity FY 2017 Network Partner data as of January 31, 2016

Investments available to HSA holders are subject to risk. HealthEquity, Inc. does not provide financial advice. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, does provide

web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). Registration does not imply endorsement by any state or agency and does not imply a level of skill, education, or training. 14

Questions and Answers

HealthEquity Employer Services

Monday – Friday

• 7 AM – 7 PM CT

• 866.382.3510

• Employerservices@healthequity.com

Services:

• Assistance with eligibility, contribution

and administrative questions.

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