2022 Annual Enrollment Benefits Guide for Proctor Loan Protector Teammates by bbins

Brown & Brown, Inc.

2022 Annual Enrollment

Benefits Guide for Proctor Teammates Enrollment Dates November 1-15, 2021 Benefits Effective January 1, 2022

Brown & Brown Total Well-Being means physical, mental, social and financial health. You will start to see this new “Total Well-Being” cheetah on benefits materials and communications. This logo was designed to help you quickly identify information related to your benefits and well-being plans from Brown & Brown and our plan providers.

Welcome to your 2022 benefits!

Annual Enrollment starts November 1st Annual Enrollment is your time to sign up for or renew your benefits. Your next opportunity to change, add, or drop benefits coverage will be during the 2023 annual enrollment period, unless you experience a qualifying life event. Annual enrollment is your chance to: • Review, change, elect or discontinue benefit

elections

• Add or remove dependent(s) from your plan • Choose contributions for your Health Savings

Account (HSA), Healthcare FSA, Limited Purpose FSA and Dependent Care FSA Account

If you do not take action during this year’s annual enrollment window, current elections will default by tier to the 2022 plans and rollover into the new plan year with the exception of the Health Savings Account (HSA), Healthcare and Limited Purpose FSA and Dependent Care FSA.

Interactive Benefits Journey This interactive guide allows you to quickly review all your benefit options. Click on a benefit to the right to learn more. Extend your interactive benefits journey to our new video library on The Spot. Here you will find educational videos to help you better understand your benefits.

e x p l o r i n g yo u r b e n e f i t s MEDICAL .......................................................9 DENTAL..........................................................10 VISION............................................................11 HSA, FSA, DCFSA & COMMUTER..............................................12 DISABILITY....................................................14 LIFE & ACCIDENTAL DEATH....................15 PERSONAL ACCIDENT...............................17 GROUP ACCIDENT & CRITICAL ILLNESS..................................18 ID THEFT PROTECTION............................19 ADDITIONAL BENEFITS..........................20 CONTACT INFORMATION......................22

Updates

What Is New & What Has Changed In 2022, we are changing medical coverage to Blue Cross Blue Shield of Michigan (BCBSM) to enhance network access and improve teammate satisfaction. Along with this change, the employee contributions are decreasing on both the PPO and PPO/HSA plan. The banking partner for the Health Savings Account (HSA) will be changing from Optum Bank to HealthEquity. We are also providing enhanced benefits on the High dental plan with a slight rate increase.

medical plan • NEW medical plan: For the 2022 plan year, medical benefits will be provided through Blue Cross Blue Shield of Michigan (BCBSM). A PPO Plan and PPO/HSA Plan are available. The new BCBSM plans will be similar to the previous HAP plans, but with some enhancements and changes. Both plans will provide access to the nation-wide Blue Cross Blue Shield network of providers.

ppo plan changes

• Reduced urgent care copay • Decrease in total out-of-pocket maximum • Increase to coinsurance maximum

ppo/hsa plan changes

• Increase in total out-of-pocket maximum

changes to both plans

• Prescription drug copays • Reduction in number of Chiropractor and PT/OT visits per plan year

h e a lt h s av i n g s ac c o u n t • NEW HSA provider: HealthEquity. HealthEquity is fully integrated with BCBSM. Beginning January 1, 2022, you can manage your HSA through the BCBSM portal at bcbsm.com or on the BCBSM mobile app. How to Transfer Your Current Optum Bank HSA Account: If you currently have an HSA with Optum Bank, the previous administrator, you can easily transfer these funds to your new HealthEquity account after January 1, 2022. 1. Visit healthequity.com/form to download a transfer form. 2. Return the completed form: Fax to 1-801-846-2929, Email to: transfer@healthequity.com, or Mail to: HealthEquity, Attn: Operations; 15 W. Scenic Pointe Dr., Suite 100; Draper, UT 84020. 3. HealthEquity will submit the form to Optum Bank to initiate the transfer of your balance to your HealthEquity HSA (less any applicable closing fees). The transferred amount will appear in your HealthEquity account within four to six weeks (processing timeframes and blackout periods may vary). After January 1, 2022, call HealthEquity at 1-877-284-9840 for questions on the transfer process. Visit HealthEquity’s HSA webpage for helpful tools, forms and information on the HealthEquity HSA.

d e n ta l p l a n • Deductible lowered for the High PPO plan to $50 for employee only, $150 for employee plus dependents. • Annual maximum for High PPO plan increased to $2,000. • 3.6% contribution increase for High PPO plan only. • No change to rates or coverage for Low PPO plan.

short term & long term disabilit y • There will be a mid-year carrier partner change. Starting April 1, 2022, both Short Term and Long Term disability coverage will be offered through The Hartford (currently provided through Cigna until March 31, 2022). • Effective January 1, 2022, Long Term Disability Buy-Up rate changing from $0.16 to $0.19 per $100 of covered monthly earnings per benefit per month.

m e d i c a r e a dvo c ac y • NEW benefit provided through Brown & Brown Eligibility Services. • Teammates and/or family members eligible for Medicare often have questions on Medicare, Medigap, Medicare Advantage or Medicare Prescription Drug coverage. Brown & Brown Eligibility Services is the Medicare-focused arm of Brown & Brown Absence Services Group. Brown & Brown Eligibility Services can provide valuable education to assist with answering Medicare questions at no cost. To learn more about Medicare or Medicare related products and services, contact Brown & Brown Eligibility Services at 1-833-830-2386.

Checklist

TABLE OF CONTENTS

Prepare • Complete the Mandatory BBU Course: Complete the new informative, mandatory Annual Enrollment course in BBU. Be sure to sit down with your family and review the course so you can make the best decision for your family! Trouble accessing BBU? Email bbu@bbins.com. • Assess Your Options: Teammates can find additional information and benefits details on The Spot, Brown & Brown’s Intranet, at inet.bbins.com. • Review Your Current Benefits & Personal Profile Details: Review your information in my.adp.com. Google Chrome is the preferred browser. • Explore Your Options: Explore all benefit options available to you and your eligible dependents. Need Printed Materials? All posted information is available in printed form upon request. Contact the Team Resources-Benefits Department at 1-866-505-0991 or email benefits@bbins.com. Representatives are available Monday – Friday 8:00 a.m. to 6:00 p.m. ET.

Enroll Annual Enrollment begins November 1 and ends November 15, 2021 at 11:59 PM ET. This is your time to enroll in your benefits! Make your 2022 benefit elections in ADP – ALL teammates must complete this process. • Go to The Spot to access ADP or go directly to my.adp.com starting November 1st Google Chrome is the preferred browser. Trouble accessing ADP? Email BBVantageIS@bbins.com. Trouble accessing The Spot? Email it@bbins.com. Selecting commuter benefits? Visit healthequity.com/wageworks to make your elections. If you do not take action during this year’s annual enrollment window, current elections will default by tier to the 2022 plans and rollover into the new plan year with the exception of the Health Savings Account (HSA), Healthcare and Limited Purpose FSA and Dependent Care FSA. Important Note: Actively At Work provision applies for first time enrollees. Refer to the Summary Plan Descriptions and/or Certificates posted on The Spot for details of each plan’s benefit definitions, coverages, terms, conditions, restrictions and exclusions.

Confirm

By November 15, 2021 • Complete & Submit Your Enrollment Selections: Review, confirm and submit your 2022 enrollment by November 15, 2021 at 11:59 PM ET. Wait for a green check mark and confirmation number before you exit the ADP screen. • Print and save your Election Confirmation Statement: Save your election confirmation statement for your records as proof of enrollment. • Double Check: Check your election confirmation statement for accuracy against your understanding of the benefits you have enrolled in. • Your first paycheck in January 2022 will reflect your benefits and deduction amounts. Verify they are correct and contact the Brown & Brown Team Resources Center at 1-866-505-0991 or email benefits@bbins.com if there are discrepancies.

Watch

January 1, 2022

• New Blue Cross Blue Shield of Michigan medical/Rx ID cards will be issued to all teammates enrolled in a BCBSM plan. • New HealthEquity HSA debit cards will be issued to all enrolled teammates. • New HealthEquity FSA debit cards will be issued for new enrollees. • ID Cards are not issued for dental coverage through MetLife. Coverage is validated at time of service. • ID Cards are not issued for vision coverage through VSP. Coverage is validated at time of service. ID cards can also be accessed digitally through Brown & Brown’s MyBenefitsApp.

You and your family can visit Brown & Brown’s MyBenefitsApp to view benefit options and digital ID cards on bbinsurance.mybenefitsapp.com.

Information for New Hires Newly hired teammates with benefits beginning December 1, 2021 should have their 2021 benefits elected and confirmed prior to the start of annual enrollment. Teammates will need to re-enroll for benefits effective January 1, 2022 during the annual enrollment period. 7

The Basics

TABLE OF CONTENTS

Understanding the Basics What is a Copay? A copay is a fixed, flat dollar amount that you pay for eligible innetwork health care services. Copays do not count toward your deductible, but copays do count towards your annual out-of-pocket maximum. What is Coinsurance? Your coinsurance is a percentage of cost you pay on covered health services after a deductible limit has been met for the calendar year. Coinsurance typically applies anywhere a deductible applies. What is Out-of-Pocket Maximum? An out-of-pocket maximum is the sum of your copayments, deductibles and coinsurance expenses paid throughout a given plan. Think of this as an ultimate layer of protection for anyone who is facing catastrophic claim needs. What is a Deductible? A deductible is the amount you pay for eligible health care services before your insurance starts to pay; it often doesn't apply when you pay a copay.

n e e d p l a n d e ta i l s ? All posted information is available on The Spot and in printed form upon request including Summary of Benefits & Coverage, Summary Plan Descriptions and Regulatory Notices from the Brown & Brown Team Resources Center.

Finding A Network Provider medical provider

dentist

vision provider

Step 1: Visit bcbsm.com > Click on “Find a Doctor.”

Step 1: Visit MetLife’s web page at metLife.com > Click on “Find a Dentist.”

Step 1: Visit VSP’s web page at vsp.com > Click on “Find A Doctor.”

Step 2: Select “PDP Plus” as the network > Enter in the search criteria and wait for the results.

Step 2: Create an Account or Log In to your established account. Select the search option (i.e., Location; Office; Doctor) and enter in the requested information; click Search.

Step 2: Under Not Yet a Member, click “Seach Without Logging In.” Step 3: Set your location and Change plan type: Click “All Plans” > Click “Find a different plan” > Select “PPO plans.” After you receive your BCBSM ID card, you will be able to log in to the BCBSM portal to search for participating providers.

For specific dental questions, contact MetLife at 1-855638-3943. The Group Number is 316235.

For specific vision questions, contact VSP at 1-800-8777195 and identify yourself as a Brown & Brown, Inc. employee. The Group Number is 30086006.

Medical

Continue to choose from two medial options: PPO Plan or PPO/HSA Plan with banking partner HealthEquity. Both plans are administered by Blue Cross Blue Shield of Michigan (BCBSM). Once enrolled in the BCBSM health plan, teammates will be able to activate their online account. Important Note About ID Card Distribution New BCBSM ID cards will be provided for the 2022 plan year. Medical and Rx are combined on one ID card and will be mailed directly to your home address on file by BCBSM. ID card information will be available digitally through the Brown & Brown MyBenefitsApp after January 1, 2022.

PPO

PPO/HSA

BCBSM-PPO Network

Employee Only

$80.78 per pay period

BCBSM-PPO Network

Employee + Child(ren)

$172.08 per pay period

Employee Only

$31.46 per pay period

Employee + Child(ren)

$67.18 per pay period

Employee + Spouse

Employee + Family

Employee + Spouse

Employee + Family

per pay period

$198.62 $330.76

$80.58

$185.38

The rates above show twice per month (24) payroll deductions. Calculate the monthly employee rate (12) by multiplying the cost above by two (2).

i n - n e t w o r k b e n e f i t s at a g l a n c e Coverage Type

PPO

PPO/HSA

$500 Single / $1,000 Family

$2,000 Single / $4,000 Family

80% Plan / 20% EE

Coinsurance Max.

$1,500 Single / $3,000 Family

n/a

Max. Out-of-Pocket

$6,350 Single / $12,700 Family

$3,000 Single / $6,000 Family

Primary Physician

$30 copay

20% after deductible

Specialist

$30 copay

20% after deductible

Urgent Care

$30 copay

20% after deductible

Virtual Visits

$30 copay

20% after deductible

$150, waived if admitted

20% after deductible

Generic: $15 / Preferred: $50 Non-Pref.: 50% ($70min / $100max)

Generic: $15 / Preferred: $50 Non-Pref.: 50% ($70min / $100max) after ded.

2x copay

2x copay after ded.

Deductible Coinsurance %

Emergency Room Pharmacy (Rx) Specialty & Non-Specialty Rx 90 Day Supply Mail Order

In the chart above: "employee" is abbreviated to "EE"; “Deductible” is abbreviated to “ded.”; “Non-Preferred” is abbreviated to “Non-Pref.”

Dental

TABLE OF CONTENTS

Brown & Brown teammates can choose between two (2) MetLife dental plan options: a High or Low PPO. PDP Plus is the provider network for both. Members have access to in and out-of-network benefits. Low Plan coverage is subject to usual and customary billing practices and typically result in greater-out-of-pocket costs and provider balance billing. Important Note About ID Card Distribution Dental coverage through MetLife is validated at time of service. Physical ID cards are not issued; however, ID cards can be accessed digitally through Brown & Brown’s MyBenefitsApp.

High Plan

Low Plan*

Employee Only

MetLife-PDP Plus Network

$22.54 per pay period

MetLife-PDP Plus Network

Employee + Child(ren)

$50.64

Employee + Child(ren)

$12.01

per pay period

$27.14

per pay period

Employee + Spouse

Employee + Family

Employee + Spouse

Employee + Family

per pay period

$45.43

$72.50

$24.33

$38.91

The rates above show twice per month (24) payroll deductions. Calculate the monthly employee rate (12) by multiplying the cost above by two (2).

i n - n e t w o r k b e n e f i t s at a g l a n c e Coverage Type

High Plan

Low Plan*

Annual Deductible

$50 Single / $150 Family

$100 Single / $300 Family

Type A: Preventive

100%; no deductible

Type B: Basic Restorative

90% after deductible

80% after deductible

Type C: Major Restorative

60% after deductible

50% after deductible

Type D: Orthodontia (Child)

50%

Type D: Orthodontia (Adult)

50%

Not Covered

Annual Maximum (per person)

$2,000 per calendar year

$1,250 per calendar year

Orthodontia Lifetime (per person)

$1,000 lifetime maximum

*Important Note on Low Plan: The Low Plan is designed to be used as an in-network plan only. Out-of-network benefits are available; however, the reimbursement schedule is limited to the in-network provider negotiated fee resulting in balance billing, deductible for preventive service and higher costs to the participant. It is also important to point out that the calendar year deductible is not waived for out-of-network preventive services. If you anticipate out-of-network services will be needed, please consider enrolling in the High Plan. The Summary Plan Description posted on The Spot will provide benefit details.

Vision

The 2022 vision plan through VSP allows you and your family members the freedom to visit any in-network or out-of-network doctor. However, when an in-network doctor is used, you will typically have lower out-of-pocket costs. Important Note About ID Card Distribution Vision coverage through VSP is validated at time of service. Physical ID cards are not issued; however, ID cards can be accessed digitally through Brown & Brown’s MyBenefitsApp.

Vision Plan VSP-Signature Network Employee Only

Employee + Child(ren)

Employee + Spouse

Employee + Family

$4.63

$8.10

$7.95

$12.85

per pay period

The rates above show twice per month (24) payroll deductions. Calculate the monthly employee rate (12) by multiplying the cost above by two (2).

i n - n e t w o r k b e n e f i t s at a g l a n c e Vision VSP Plan Copayment

Exam $10 / Materials $25

Eye Exams (every calendar year)

100% after copay

Standard Lenses (every calendar year)

100% after copay

Contact Lenses (necessary every calendar year)

100% after copay

Contact Lenses (elective every calendar year)

Up to $120 allowance

Frames (every other calendar year)

$120 retail allowance

The Summary Plan Description posted on The Spot will provide benefit details.

& Commuter Benefits

HSA, FSA & DCFSA 12

Brown & Brown provides you with the opportunity to pay for unreimbursed medical, dental, vision and dependent care expenses on a pre-tax basis.

h e a lt h s av i n g s ac c o u n t (h s a ) A health savings account (HSA) is available through HealthEquity with enrollment in the BCBSM PPO/HSA. HealthEquity is fully integrated with Blue Cross Blue Shield of Michigan (BCBSM). You can manage your HSA through your BCBSM member account through the BCBSM mobile app or at bcbsm.com. Refer to page 5 for information on how to transfer your current Optum Bank HSA account.

h e a lt h c a r e f s a , l i m i t e d p u r p o s e f s a & d c f s a Brown & Brown provides you with the opportunity to pay for eligible unreimbursed medical, dental, vision and dependent care expenses on a pre-tax basis. Administrative services and claim reimbursements for Healthcare FSA (FSA), Limited Purpose FSA and Dependent Care FSA (DCFSA) are provided by HealthEquity/WageWorks. •

Debit cards for dependent care elections are not issued by HealthEquity/ WageWorks. Expenses for reimbursement can be submitted through the member portal on the HealthEquity website, completion of a DCFSA reimbursement form or through the HealthEquity mobile app. Recurring DCFSA claims can be scheduled for the duration of the Plan Year. Reimbursements will be made through direct deposit to an account specified by you.

•

The Flex Plan Year is January through December. Eligible expenses must be incurred by December 31st to be qualified for reimbursement in the current Plan Year. The FSA does include a carryover provision and the DCFSA includes a 2.5 month grace period. Eligible expenses incurred during the Flex Plan Year must be submitted by the following March 31st. It is important to choose your annual amount(s) carefully to avoid any unused funds at the close of the Plan Year.

•

Healthcare & Limited Purpose FSA can be reimbursed up to the total amount you have elected to deposit for the year. If termination of the FSA occurs prior to the end of the Plan Year, you are only eligible for reimbursement of expenses which were incurred while you are a participant in the Plan unless (if applicable) COBRA continuation is elected.

•

Dependent Care can be reimbursed up to the total amount you have deposited. If termination of the DCFSA occurs prior to the end of the Plan Year, you can continue to request eligible reimbursements until the earlier of the date your balance is exhausted or the end of the Plan Year.

commuter benefits •

New York teammates should make elections for the Long Island Railroad and Metro North Railroad prior to 12/4/21 to be effective 1/1/22. All other elections and/or changes must be made by 12/10/21 for an effective 1/1/22 date.

b e n e f i t s at a g l a n c e : h s a , f s a & d c f s a Description

Elections

Qualified Expenses

Annual Contributions

Carryover

Flexible Spending Accounts (FSA)

HSA

HealthEquity

Only if enrolled in the BCBSM Single or Family PPO/HSA

HealthEquity/WageWorks

Healthcare

Limited Purpose

Dependent Care (DCFSA)

Only if an HSA is not open

Only if enrolled in the BCBSM Single or Family PPO/HSA

Available with any plan elections or alone

Medical, prescription drugs, dental, vision, hearing and qualified long-term care expenses; COBRA premium

Medical, prescription drugs, dental, vision and hearing

$3,650 Individual $7,300 Family $1,000 catch-up contribution if 55 or older

$100 / min $2,750 / max You cannot change your election unless you have a qualified life event

Dental and vision expenses only

Dependent care facility fees before and after school; local day camp, nursery school for eligible dependents under age 13 (or tax-eligible dependents who can’t care for themselves) and adult daycare.

Medical (healthcare) expenses for your dependent(s) are not eligible for reimbursement under the DCFSA.

$100 / min $2,750 / max You cannot change your election unless you have a qualified life event

$5,000 per year $2,500 if tax filing as single You cannot change your election unless you have a qualified life event

Yes, Year-end balance rollover

Yes: $5501

N/A

Yes2

Grace Period

1 Current plan participants with funds remaining in your FSA as of 12/31/21, will have up to $550 of those unused funds to carry over and can be used for eligible expenses incurred in 2022. Any unused funds over and above $550 will be forfeited. For example, if you contributed $2,750 to the FSA in 2021 and only incurred eligible expenses totaling $2,000, $550 would carry over into 2022 but the remaining $200 of unused funds would be forfeited.

Current plan participants with funds remaining in your dependent care account as of 12/31/21, will have a 2.5 month grace period, January 1 – March 15, to allow for additional time to spend those dollars. You will have until March 15, 2022 to incur eligible dependent care expenses and use money left over from 2021 to pay them. The last day to submit claims is March 31, 2022. Any unused funds would be forfeited after the grace period ends.

Note: You may be disqualified from any tax advantages of a contribution to a Health Savings Account (HSA) if you (or any of your covered eligible dependents) are enrolled in another health benefit plan while covered by a qualified PPO/HSA. Your participation in a Healthcare FSA (either through Brown & Brown or through your eligible dependent) is considered as another plan. This notice is not meant to be considered legal or tax advice. Employees are required to follow all tax laws and are encouraged to consult with your tax professional with questions or need assistance with your FSA and/or HSA enrollment.

b e n e f i t s at a g l a n c e : c o m m u t e r b e n e f i t s Administrative services for commuter benefits are provided by WageWorks and are elected separately on a monthly basis directly through the WageWorks website. Take note that HealthEquity has acquired WageWorks and over the coming months you will see several HealthEquity brand updates. Description Elections Qualified Expenses Annual Contributions Portability

(year-end balance roll-over)

Commuter Transit

Commuter Parking

Available with any plan elections or alone Public Transportation (bus, train, ferry, subway); Parking expense for parking at or near your job Commuter Highway Vehicles (vanpools) for or location from which you commute to work commuting to work $270 per month through pre-tax payroll deductions Yes

Teammates in New York should make elections for the Long Island Railroad and Metro North Railroad prior to 12/4/21 to be effective 1/1/22. All other elections and/or changes must be made by 12/10/21 for an effective 1/1/22 date.

Disability

TABLE OF CONTENTS

There will be a mid-year carrier partner change for Short Term (STD) & Long Term Disability (LTD). Staring April 1, 2022, both STD and LTD coverage will be offered through The Hartford (currently provided through Cigna until March 31, 2022).

Short Term Disability

Cigna (through March 2022) | The Hartford (active April 2022) Employee Cost

$0.00

Maximum Benefit Period

90 calendar days

Brown & Brown offers a short term disability (STD) income replacement, which is selffunded by Brown & Brown at no cost to teammates. This benefit provides valuable income replacement for you in the event you have a non-occupational injury or illness which prevents you from working your regular work schedule. • Eligible teammates are automatically enrolled in this benefit. Additional elections for Short Term Disability are not required during Annual Enrollment. • Income replacement will be determined using current earnings. • Benefits begin after completion of a qualifying period. • Benefits will be coordinated with state disability plans where applicable. • Disability Period and Maximum Benefit Period: The disability period will begin with the first date the Employee is away from work due to the disabling condition and may continue for a maximum benefit period of 90 calendar days subject to clinical approval by the Clinical Advisor.

Long Term Disability

Cigna (through March 2022) | The Hartford (active April 2022) Employee Cost

Buy-Up Benefit

Core Benefit

increased rates from 2021

$0.00

$0.19 per $100

Brown & Brown offers long term disability (LTD) income replacement insurance. This benefit is designed to replace a portion of your income when you cannot work on a full-time basis because of a non-occupational injury or illness. No medical information required if long-term disability is elected during your initial enrollment period. If you do not elect coverage for yourself during your initial enrollment period, you may enroll during annual enrollment. Pre-existing limitations apply. • Company Paid Core LTD Benefit: 50% of covered earnings, up to $5,000 per month maximum benefit. No cost to teammates. • LTD Buy-Up: 60% of covered earnings, up to $15,000 per month maximum benefit. Monthly cost to teammates is $0.19 per $100 of covered monthly earnings (previously $0.16). • All options include a 90-day qualifying period and actively at work provision. 14

Life & AD&D

Basic Term Life Insurance Lincoln Financial Group

Employee Cost

Core Benefit

$0.00

$50,000

Brown & Brown offers all eligible teammates group term life insurance through Lincoln Financial Group. If group term life is elected during your initial enrollment period, no medical information is required. • $50,000 basic life insurance at no cost to teammates. • Additional 2x earnings in excess of $50,000 is offered at 50% cost share up to a maximum benefit of $500,000. • Guarantee Issue at hire to a maximum of $500,000. • Coverage is reduced by 35% at age 70 and an additional 20% at age 75. • Includes an Accidental Death & Dismemberment benefit which provides additional benefits. • Coverage can be converted in the event of termination from employment.

Life & AD&D

TABLE OF CONTENTS

Voluntary Term Life Lincoln Financial Group

Voluntary Term Life (VTL) and AD&D is insured by Lincoln Financial Group. If you elect coverage for yourself, you then may also elect coverage for your spouse and/or dependent children. You cannot be covered more than once under the Plan. For example, you cannot be covered as a dependent if you are an employee and enroll for employee VTL. No medical information is required if benefit is elected during your initial enrollment period. If you do not elect coverage for yourself or your dependents during your initial enrollment period, you may enroll during Annual Enrollment; however, Evidence of Insurability (EOI) may be required and processed through underwriting. • Available in 1 to 8 times your annual salary to a maximum of the lesser of 8 times salary or $1M. • Premium is based on age and smoking status. • Benefit is based on annual earnings. Refer to the Summary Plan Description for details. • Guaranteed Issue at hire to a maximum of $1M. • Coverage is reduced by 35% at age 70 and an additional 20% at age 75. • Coverage can be converted or may be ported in the event of termination from employment.

s p o u s a l c ov e r a g e • Available only if employee elects voluntary term life insurance (this coverage operates independently of Group Term Life). • Premium is based on spouse’s age & smoking status. • May purchase up to 50% of employee coverage, up to a maximum of $50,000 in $10,000 increments. • Guarantee Issue is up to $50,000 if elected during initial enrollment. • Coverage is reduced by 35% at spouse age 70 and an additional 20% at spouse age 75.

c h i l d (r e n ) c ov e r a g e • Available only if employee elects voluntary term life insurance (this coverage operates independently of Group Term Life). • $20,000 life only (AD&D coverage does not apply) benefit level per child; birth to age 26.

Personal Accident

Accident

Accidental Death and Dismemberment (AD&D) insurance through Cigna can help you pay expenses if you, your covered spouse, or children are seriously injured or killed in a covered accident, such as loss of a limb, paralysis, brain damage and more. Your cost will depend on the option and benefit amount you select. Find rate information on The Spot. Rates will also be shown when enrolling in ADP.

Personal Accident & AD&D Cigna

Employee Only

Select from $25,000 to $1,500,000 of coverage in units of $25,000. Maximum coverage cannot be more than 8 times your annual salary.

Employee + Child(ren)

Each covered child’s benefit will be equal to 25% of employee’s benefit amount. The benefit amount per child cannot exceed $100,000.

Employee + Spouse

Spouse’s benefit amount will be 60% of employee’s and cannot exceed $600,000.

Employee + Family

Spouse’s benefit will be 50% of employee’s, not to exceed $600,000. Each covered child’s benefit will be equal to 20% of employee’s benefit amount; not to exceed $100,000 per child. The premium is the same regardless of the number of children covered.

Coverage can be elected to cover a lawful spouse until the end of the year the spouse turns 99 and any unmarried dependent child(ren) from live birth until the end of the calendar year in which the child reaches age 26. No one may be covered more than once under this Plan. If covered as an employee, you cannot be covered as a dependent.

Accident

Group Accident & Critical Illness

TABLE OF CONTENTS

Group Accident and Critical Illness Insurance plans are an additional layer of financial protection from unexpected life events when used in conjunction with a major-medical health insurance plan.

Group Accident Aflac

Employee Only

Employee + Child(ren)

Employee + Spouse

Employee + Family

$2.57

$5.03

$4.18

$6.64

per pay period

The rates above show twice per month (24) payroll deductions. Calculate the monthly employee rate (12) by multiplying the cost above by two (2).

Group Accident Insurance coverage pays cash benefits to help with the costs associated with out-of-pocket expenses and bills—expenses major medical may not take care of, including: • Ambulance rides. • Wheelchairs, crutches and other medical appliances. • Emergency room visits. • Surgery and anesthesia. • Bandages, stitches and casts.

Group Critical Illness Aflac

Group Critical Illness coverage is intended to help with the treatment cost of lifechanging illnesses and health events, so you can stay focused on recuperation. Recent advances in medicine can allow patients who suffer from a critical illness to live longer and thus increasing the concern about paying for treatments or expenses. With the Group Critical Illness plan, you receive cash benefits directly from Aflac giving you the flexibility to pay bills related to treatment or to help with everyday living expenses. Group Critical Illness rate card available on The Spot.

Protection

Identity Theft

ID Watchdog theft protection services is available to eligible Brown & Brown teammates and provides an affordable way to help protect and monitor the identities of you and your family. You’ll be alerted to potentially suspicious activity through the support of dedicated resolution specialists. ID theft services include: • Credit report and dark web monitoring • Credit score tracking and financial accounts monitoring • Up to $1M identity theft insurance and more! ID Watchdog is everywhere you can’t be to help you better protect your identity. Find more details on The Spot or call ID Watchdog at 1-866-513-1518 for further information.

Theft Protection ID Watchdog

Employee Only

Employee + Spouse/Family

$3.75

$7.00

per pay period

The rates above show twice per month (24) payroll deductions. Calculate the monthly employee rate (12) by multiplying the cost above by two (2).

Benefits Beyond Annual Enrollment

Additional

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Brown & Brown Employee Assistance Program The EAP is available to all teammates and their immediate family members, regardless of medical plan enrollment, through GuidanceResources® by ComPsych for no cost. The EAP provides confidential services for life, work and family concerns and assists in locating referrals to local providers. Consultations with an EAP provider are included within the limits of the program, but some charges may apply for services. Call GuidanceResources® at 1-844-206-1068 for additional information. Medical plan enrollment not required.

Education Assistance Program The Education Assistance Program is an investment in our teammate's future career growth and development. Our culture strongly values driven teammates who work hard for our Company and who also want to further their education. Eligible teammates have an opportunity to utilize available funding for Tuition Reimbursement, Student Loan Repayment Assistance and the National Merit Brown & Brown Scholarship competition. Additional information is available on The Spot.

Medicare Advocacy Teammates and/or family members eligible for Medicare often have questions on Medicare, Medigap, Medicare Advantage or Medicare Prescription Drug coverage. Brown & Brown Eligibility Services is the Medicare-focused arm of Brown & Brown Absence Services Group. Brown & Brown Eligibility Services can provide valuable education to assist with answering Medicare questions at no cost. To learn more about Medicare or Medicare related products and services, visit The Spot or contact Brown & Brown Eligibility Services at 1-833-830-2386.

Home, Auto and Pet Insurance Through the Brown & Brown Teammate $avings Center platform, you can find discounts and preferred pricing on auto, home and pet insurance. Visit the Teammate $avings Center for more information.

KinderCare Tuition Savings Brown & Brown partnered with KinderCare Education to provide a 10% savings on tuition at KinderCare Learning Centers and Champions school programs. As a result, most Brown & Brown families could save $1,500 per year or more! Visit the Teammate $avings Center for more information.

Teammate Discounts Find additional discounts on The Spot under Working Here > Teammate Discounts. 20

Employee Stock Purchase Plan (ESPP) The ESPP presents the opportunity for teammates to purchase shares of Brown & Brown, Inc. common stock at a 15% discount through payroll deduction. The ESPP plan year runs from August 1 to the following July 31 and open enrollment is held each year during the month of July. You may reduce your deduction one time during the plan year, or discontinue deductions at any time, but you will not be allowed re-entry until the next plan year. This benefit is offered through E*Trade. Additional information is available on The Spot.

401(k) Employee Savings Plan You may choose to make pre-tax or after-tax contributions through a Roth 401(k) election up to the annual IRS maximum limit. Deferrals may be a percentage of your earnings and, for employees paid bi-weekly, deductions are taken on all 26 pay periods that you participate. You may stop or change your contribution at any time and may change your investment direction or reallocate funds at any time. Brown & Brown will make Safe Harbor Employer Matching Contributions to your account if you are participating in the Plan. Brown & Brown will match 100% of the first 3% of your eligible pay and 50% of the next 2% of your eligible pay that you contribute to the Plan. If you contribute less than 5%, you are not taking full advantage of the matching contribution. This benefit is offered through Schwab Retirement Plan Services, Inc. Additional information is available on The Spot.

Financial Wellness Programs Whether you are at the beginning of your career, nearing retirement, or anywhere in between, a financial wellness program can provide the tools, resources and guidance to help achieve your financial goals. Brown & Brown is proud to offer two financial wellness programs at no cost to teammates.

m o r g a n s ta n l e y (Available November 1, 2021) The Morgan Stanley financial wellness program will provide you with access to educational tools, resources and professionals. Please log into the financial wellness digital portal to measure and improve your financial well-being by exploring a range of topics recommended based on your individual needs. Additional information is available on The Spot.

c h a r l e s s c h wa b (Available Now) Schwab Retirement Plan Services recently launched an interactive, online dashboard designed to help retirement plan participants save and invest. An active Schwab Retirement Plan Services account is required to access the Financial Wellness tools and resources. Additional information is available on The Spot. 21

Contacts

Carrier & Contact Information

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Have trouble or need assistance? Find important contact and group information below.

Medical

Life Insurance

BCBS-PPO Network 1-888-288-2738 bcbsm.com

GTL Group Number: 400121021 VTL Group Number: 10121019 Contact Brown & Brown Team Resources Center at 1-866-505-0991 or benefits@bbins.com

Blue Cross Blue Shield of Michigan

The medical/rx plan group number will be posted as soon as possible. For immediate or urgent questions, please call BCBSM.

Health Savings Account

Personal Accident Insurance

1-877-284-9840 (after 1/1/22) memberservices@healthequity.com

Group Number: OK-809523 Contact Brown & Brown Team Resources Center at 1-866-505-0991 or benefits@bbins.com

After January 1, 2022: manage your HSA online though the BCBSM member portal at bcbsm.com or on the BCBSM mobile app.

Accident & Critical Illness

HealthEquity

Dental MetLife

Aflac Group Insurance

Group Number: 21343 1-800-433-3036 aflacgroupinsurance.com

PDP Plus Network Group Number: 316235 1-855-638-3943 metlife.com

Flexible Spending Account

Vision

Healthcare FSA & DCFSA Group Number: 40136 1-877-924-3967 healthequity.com/wageworks

VSP

Signature Network Group Number: 30086006 1-800-877-7195 vsp.com

Long Term Disability Group Number: LK980281 Contact Brown & Brown Team Resources Center at 1-866-505-0991 or benefits@bbins.com

Group & Voluntary Term Life

HealthEquity/WageWorks

Commuter Benefits

HealthEquity/WageWorks

Group Number: 40136 1-877-924-3967 healthequity.com/wageworks

ID Theft Protection

ID Watchdog

Group Number: CUS-80606 1-866-513-1518 idwatchdog.com

Employee Assistance Program

GuidanceResources®

1-844-206-1068 guidanceresources.com (WebID: BBEAP)

Employee Stock Purchase Plan

E*Trade

1-800-838-0908 etrade.com

401(k) Employee Savings Plan Charles Schwab

1-800-724-7526 workplace.schwab.com

Financial Wellness Program

Charles Schwab

1-800-724-7526 workplace.schwab.com

Download the MyBenefitsApp Stay informed and know what is covered by visiting bbinsurance.mybenefitsapp.com. Scan the QR code on the right to access Brown & Brown’s MyBenefitsApp. To use the QR code, focus your iPhone or Android camera on the QR code.

All posted information is available in printed form upon request including Summary of Benefits & Coverage, Summary Plan Descriptions and Regulatory Notices from the Brown & Brown Team Resources Center.

DISCLAIMER: The information provided by Brown & Brown and/or its affiliates (“Company”) in this Guidebook is advisory. Separate plan documents explain each benefit in more detail, and the various benefits are controlled by the language of the plan documents. Benefits may be modified, added, or terminated at any time, at the Company's discretion, or by the insurance company. This information is provided for general information purposes only and should not be considered legal, tax, accounting or other professional advice or opinion on any specific facts or circumstances. Readers are urged to consult their legal counsel, tax or other professional advisor concerning any legal, tax or related questions that may arise. Any tax information contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of (i) avoiding penalties imposed under the U. S. Internal Revenue Code or (ii) promoting, marketing or recommending to another person any tax-related matter. The Company assumes no liability whatsoever in connection with the use of such information or documents.

Morgan Stanley 1-866-324-6087 login.morganstanleyclientserv.com

Need More Help? Contact the Brown & Brown Team Resources Center at 1-866-505-0991 or benefits@bbins.com with benefits questions (Monday – Friday 8:00 a.m. to 6:00 p.m. ET). 23