Well-being matters. Make the most of yours. paypalbenefits.com. U.S. Benefits Annual Enrollment is November 5 16, New for 2019!

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1 Well-being matters. Make the most of yours. U.S. Benefits Annual Enrollment is November 5 16, During Annual Enrollment, learn what s new for next year and how to maximize PayPal s benefits. All changes go into effect January 1, New for 2019! New resources to take care of your health, mind, and body. More ways to save for retirement expenses. Benefits to help you be at your best every day. paypalbenefits.com

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3 NEW FOR 2019! Reach your wellness goals with the touch of a button Introducing Vida, an online wellness coaching program that offers you a network of coaches and experts to help you achieve your wellness goals. No matter what your goal is managing stress, eating better, or getting fit Vida is your first stop for total well-being. The Vida secure mobile app gives you ongoing guidance and support, interactive resources, and progress-tracking tools to keep you motivated. Plus, Vida coaches and experts will recommend PayPal resources and benefits that are also available to you. And it s offered to all U.S. employees, spouses/partners, and dependents age 18 and older at no cost! Connect with a Vida coach starting January 1 at paypalbenefits.com.

4 Get more from your PayPal benefits in 2019 We re committed to providing quality health coverage to our employees. With that in mind, you ll see enhancements to our health plans to give you and your family the comprehensive coverage you need. UNITEDHEALTHCARE DELTA DENTAL PLAN CHANGES Next year, UnitedHealthcare (UHC) members will have more programs and resources to support better nutrition and your overall health. See a nutritional counselor without any doctor referral! If you enroll in the $300 Deductible plan, nutritional counseling is now easier to access, with a $35 copay per visit. Consumer Directed Health Plan (CDHP) members will pay 10% once the deductible is met. More coverage for diabetes care. In addition to covering prescriptions at 100%, insulin pumps will also be covered at 100% after you meet the plan s deductible. Delta Dental members can receive additional care through SmileWay if you have an ongoing health condition, such as diabetes, heart disease, HIV/AIDS, rheumatoid arthritis, or stroke. Receive up to 4 of the following procedures (any combination) covered at 100%: teeth cleaning, periodontal maintenance, and scaling (if you have gingival inflammation). Starting January 1, log in to deltadentalins.com and opt into SmileWay. VSP VISION PLAN ENHANCEMENTS PRESCRIPTION DRUG ENHANCEMENTS Fertility-treatment drugs will now be covered through Progyny instead of CVS/caremark for UHC members. If you are currently receiving fertility prescriptions through CVS, you ll hear from Progyny to discuss the transition and what this may mean for you. If you have questions, you can contact a Progyny Care Advocate at for assistance. Save 20% on thousands of CVS brand health-related items, like pain medicine, cough and cold remedies, vitamins, and more, with the CVS ExtraCare Health Card Program, available at retail stores. UHC members will receive their cards in the mail early next year, along with more information about the program. Both Core and Enhanced plans will fully cover standard progressive lenses. There s no copay for standard progressive lenses, including new digital lenses called Ethos. You ll continue to pay a copay for premium progressive lenses. The Enhanced Plan will have a few new improvements, such as: Blue-light-blocking/anti-reflective coating on glasses to protect your eyes from the harmful effects of blue light. You ll pay a $40 copay for this benefit. Non-prescription sunglasses through the SunCare benefit. You can use your frame allowance toward ready-to-wear, non-prescription sunglasses from a VSP doctor. KAISER PERMANENTE HMO (CALIFORNIA) Kaiser health plan members will receive 40 total chiropractic and acupuncture visits per year through the American Specialty Health (ASH) network with no referral needed. You ll pay a $15 copay for these services. However, if you see a Kaiser chiropractor or acupuncturist provider that is not part of the ASH network, you ll need a specialist referral from your primary care physician and will pay a $35 copay. Want to learn more? Visit ASH at ashlink.com/ash/kp. Benefits Annual Enrollment is your opportunity to choose between the Core and Enhanced dental and vision plans. Take time to review your options, and select what s right for you.

5 LIFE INSURANCE Annual Enrollment is the ideal time to think about what matters most and whether you have enough protection. View new rates and coverage options when you enroll. A few things to note for next year: Get help creating simple wills and preparing final arrangements from EstateGuidance at no cost to you! Regardless of age, you ll now be insured for the full amount of your optional life insurance policy. If you re age 65 or older, you ll no longer see a reduction in your coverage. Take this time to update your life insurance and AD&D beneficiaries on Your Benefits Resources (YBR).

6 Special accounts to help you pay for care Enrolled in the UHC Consumer Directed Health Plan (CDHP) with Health Savings Account (HSA)? Or thinking about enrolling? The CDHP offers lower paycheck costs in exchange for higher deductibles. The plan also comes with an HSA that PayPal gives you free money to use for current or future health care expenses. And next year, we re sweetening our contribution: $500 for employee-only coverage and $1,000 if you cover dependents. Plus, you can sock away even more next year: up to $3,500 for employee-only coverage and $7,000 if you cover dependents in Save an additional $1,000 if you are age 55 or older. Keep in mind, this includes both your and PayPal s contributions. REASONS TO CONSIDER THE CDHP WITH HSA If you enroll in the CDHP with HSA, you can use the money in your HSA to pay for health care expenses now or in the future. You can contribute to the HSA, and PayPal contributes, too! All contributions are tax-free, including those from PayPal. PayPal will contribute $500 for individual coverage and $1,000 if you cover dependents in You ll receive PayPal s full contribution in your HSA in the first payroll period of Once you enroll in the CDHP, you ll receive a welcome kit and debit card from HealthEquity, the HSA administrator. Take a closer look at the HSA You can use your HSA money to pay for qualified medical expenses, including prescriptions, deductibles, and copays or keep it for future expenses, even those you incur in retirement. Here s how you win with an HSA: Your contributions to the HSA are tax-free. Select a contribution amount when you enroll, and contributions are taken from your paycheck pre-tax. You can change your contributions at any time throughout the year. PayPal also contributes FREE money $500 for employee-only coverage and $1,000 if you cover dependents in The IRS maximum annual contribution (both yours and PayPal s) to your HSA is $3,500 for employee-only coverage and $7,000 if you cover dependents. You can contribute an additional $1,000 if you are age 55 or older. Your account balance rolls over from year to year to help you save for future medical and retiree health care expenses. Your HSA belongs to you always. You take it with you if you leave the company or retire. Once your account balance reaches $1,000 you can invest your money through HealthEquity, so your account can grow even faster. You earn tax-free interest on investment returns on your HSA balance. Ready to learn more? Visit paypalbenefits.com to find out more about the CDHP with HSA and watch a quick video summarizing how the plan works.

7 Flexible Spending Accounts (FSAs) require action! An FSA is another tool to help you manage your health care and dependent care expenses. Your pre-tax contributions can be used to pay for eligible expenses such as doctors visits, prescription drugs, child care, and more tax-free. Visit paypalbenefits.com to learn more about how a Health Care FSA works with the HSA. If you want to participate in an FSA, you must enroll or re-enroll for You can contribute up to $2,650 pre-tax to your Health Care FSA next year. Remember, you can carry over up to $500 in the Health Care FSA but not the Dependent Care FSA, so plan carefully when deciding how much to contribute. Non-exempt employees: PayPal contributes an additional 15% to your Dependent Care FSA, up to $652 each year. The IRS maximum contribution amount is $5,000, including both yours and PayPal s contribution. Keep in mind: If you have an HSA, your Health Care FSA becomes a limitedpurpose FSA that can only be used for eligible dental and vision expenses. Learn more about these accounts at paypalbenefits.com.

8 Your costs for 2019 benefits We re pleased to announce that we re keeping many of your paycheck contributions the same, with a slight increase for others. View 2019 contributions on paypalbenefits.com

9 More ways to save for retirement Starting in January, you ll have another way to save for retirement: after-tax contributions to the PayPal 401(k) Savings Plan. After-tax contributions allow you to save above and beyond what you can save in pre-tax and Roth contributions. Take a look at how after-tax contributions compare to pre-tax and Roth contributions. Pre-tax Roth After-tax Contributions Deducted from your paycheck Deducted from your paycheck after Deducted from your paycheck after pre-tax, reducing current taxable taxes are withheld (plus PayPal taxes are withheld income (plus PayPal matches 100% matches 100% of your contributions, of your contributions, up to 4% of up to 4% of your eligible earnings) your eligible earnings) Limits 1 Up to 50% of your eligible earnings, up Up to 50% of your eligible earnings, Limited to the lesser of $55,000 or to the IRS limit ($18,500 in 2018) 2 up to the IRS limit ($18,500 in 2018) 50% of your eligible compensation (combined with pre-tax, Roth 401(k), and employer contributions); $61,000 1, 2, 3 if you are catch-up eligible Withdrawals Subject to income tax Tax-free 4 Contributions are tax-free, earnings are subject to income tax 1 Contribution limits include the combined total of pre-tax and Roth contributions. After-tax limit includes the combined total of pre-tax, Roth, and employer matching contributions. 2 If you are age 50 or older in 2018, you can contribute an additional $6, Certain restrictions apply. 4 Earnings are tax-free upon withdrawal if you own the Roth 401(k) account for at least 5 years and have reached age 59 1/2. Are after-tax contributions right for you? Anyone can make after-tax 401(k) contributions, but they make the most sense if you ve maxed out your pre-tax and Roth 401(k) contributions. For personalized investment guidance, speak with an advice consultant from Morningstar Investment Management LLC. Call the Schwab Plan Hotline at , Monday through Friday, 4 a.m. to 8 p.m. Pacific Time. Don t forget! PayPal matches your pre-tax and Roth contributions 100%, up to 4% of your eligible earnings.

10 It s go time! Follow these steps to enroll in or make changes to your benefits November 5 16, 2018: Visit paypalbenefits.com for complete details about 2019 benefits and costs. Use the Medical Plan Cost Estimator to compare your medical plan options and see which plan is right for you with just a few clicks. See when a Benefits Annual Enrollment event is coming to your location it s your chance to meet with plan representatives. Ready to enroll? Visit paypalbenefits.com and log in to Your Benefits Resources (YBR). Enroll November 5 16, For your security, you will be prompted to update your login information in YBR if it s been a while since you last accessed your YBR profile. Consider whether you need more life insurance or will use legal services in Annual Enrollment is your only chance to enroll in optional life insurance and the group legal plan. Enroll in the Health Care and/or Dependent Care Flexible Spending Accounts (FSAs) and elect your contribution amounts.

11 Don t miss out! If you don t take action by November 16, you will have the same plans as before. The only exception is with the Flexible Spending Accounts (FSAs). If you want to continue your FSA, you must re-enroll and choose your contribution amounts. Questions? Contact Your Benefits Resources (YBR) Monday through Friday from 5 a.m. to 6 p.m. Pacific Time. Phone Chat ybr.com/benefits/paypal The rights, if any, of employees to participate in the benefits programs and to receive benefits under such programs are governed by the terms and conditions of the applicable benefit plans and PayPal policies (the Benefit Plans ), rather than any summary or other communication. In the event of any conflict between any summary or other communication and the Benefit Plans, the applicable Benefit Plan shall control. Information contained in this communication does not create a right to employment and will not be interpreted as forming an employment contract or affecting an employee s employment status, which remains at-will. PayPal reserves the right to make changes or cancel any benefits at any time, at PayPal s sole discretion.

12 PayPal MyHR 173 W. Election Road Draper, UT First-Class Mail Presorted U.S. Postage PAID San Bruno, CA Permit No. 655 U.S. Benefits Annual Enrollment is November 5 16, paypalbenefits.com Learn about what s new for 2019, compare your options, view paycheck deductions, and use the Medical Plan Cost Estimator to help you make the best choices for you and your family for pp-ae-mlr-18