EMPLOYEE GUIDE TO 2022 BENEFITS

EMPLOYEE GUIDE TO 2022

BENEFITSYour benefits as a part-time associate working 24+ hours a week.

Table of ContentsWelcome to Republic Bank .....................................................................................................................................................................................................................1

Human Resouces Department Contact Info ...............................................................................................................................................................................2

Republic Bank Mission Statement ....................................................................................................................................................................................................3

Medical and Vision .....................................................................................................................................................................................................................................4Provider Name - HumanaProvider Phone Number for Medical Coverage – 800-872-7207Provider Web Address – www.humana.comProvider Name – Humana Vision PlanProvider Phone Number for Vision Coverage – 866-995-9316Provider Web Address – www.myhumana.com

Dental ............................................................................................................................................................................................................................................................. 10Provider Name – Delta DentalProvider Phone Number – 800-955-2030Provider Web Address – www.deltadentalky.com

Medical Dental Vision Costs............................................................................................................................................................................................................... 12

Health Savings Account (HSA) ........................................................................................................................................................................................................13

WellSteps Premium Discount ............................................................................................................................................................................................................15

Tobacco User Premium Surcharge ...................................................................................................................................................................................................16

Life and Accidental Death and Dismemberment Insurance............................................................................................................................................. 17Provider Name – Guardian Life Insurance Company Provider Phone Number – 888-600-1600Provider Web Address – www.guardiananytime.com

AFLAC Accident, Critical Care and Cancer Benefits ..........................................................................................................................................................19Provider Name – AFLACProvider Email – Iris Goodall at [email protected]

Employee Assistance Program(EAP) ............................................................................................................................................................................................20Provider Name – ESI Total Care EAPProvider Phone Number – 800-252-4555 or 1-800-225-2527Provider Web Address – www.theEAP.com

401(k) Retirement Plan ........................................................................................................................................................................................................................21Provider Name – Empower Provider Phone Number – 844-465-4455Provider Web Address – www.empowermyretirement.comFinancial Advisor – Iron Administration, LLCPhone Number – 888-396-4766

Employee Stock Purchase Plan (ESPP) ......................................................................................................................................................................................24Provider Name – Computershare Provider Phone Number – 1-866-658-6773Provider Web Address – www.computershare.com/employee/us

Other Benefits ...........................................................................................................................................................................................................................................25

Making Changes ....................................................................................................................................................................................................................................... 27

Legal and Other Important Information .....................................................................................................................................................................................28

EMPLOYEE GUIDE TO 2022 BENEFITSPart-time associate working 24+ hours a week

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Welcome to Republic Bank!We are proud to offer a full array of benefit options to our Associates. We have created a benefits package that helps provide important financial protection for each associate and their family. This comprehensive benefit package includes the following benefit options:• Health Insurance • Dental Insurance• Vision Plan • Health Savings Account (HSA – set up as a Republic

Bank account)• Basic Life & Accidental Death & Dismemberment

Insurance• Optional Life Insurance for Associates & Dependents

• AFLAC Accident, Critical Care and Cancer Benefits• Employee Assistance Program• 401(k) Plan• Employee Stock Purchase Plan (ESPP)• Paid Time Off (PTO)• Paid Holidays

Please take the time to evaluate your benefit options and choose those that meet the needs of you & your family.

WE ARE HAPPY TO HAVE YOU ON OUR TEAM!

This booklet highlights selected benefits available to you from Republic Bank. While every effort has been made to ensure the accuracy of this information, the actual operation of the plans is governed by the applicable plan documents. In case of a conflict between this brochure and the plan documents, the plan documents will take precedence. For additional information regarding your benefits such as, Summary Plan Descriptions, Certificates of Coverage, and benefit forms, please go to the Human Resources page on Republic Bank’s Intranet site.

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Human ResourcesMargaret WendlerExecutive Vice PresidentChief Human Resources OfficerExt. [email protected] RamseyVP - HR ManagerExt. [email protected] Bramblett Executive Administrative Assistant Ext. [email protected] Terri McGillHR SpecialistExt. [email protected]

RecruitmentSusan StuckeyVP - Director of Talent RecruitmentExt. [email protected] Perito VP - Talent Recruitment OfficerExt. [email protected] NelsonRecruiting SpecialistExt. [email protected] Reimer AVP – Talent and Recruitment AdvisorExt. [email protected] EavesTalent Recruiting SpecialistExt. [email protected] MilamTalent Recruiting SpecialistExt. [email protected] Smith AVP – Talent and Recruitment Advisor Ext. [email protected]

Employee Relations/PayrollRobin WhiteVP - Director of Employee RelationsExt. [email protected] ZimmerPayroll/Research Records AdministratorExt. [email protected] YungAdvanced Payroll SpecialistExt. [email protected] Luney Employee Relations SpecialistExt. [email protected]

BenefitsHolly HaggardVP - Benefits ManagerExt. [email protected] PateBenefits AnalystExt. [email protected]

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Why We Exist. This is our mission.

To enable our clients, company, associates and the communities we serve to thrive.

Thrive TogetherCollaborate openly and build trusting relationships in order to create a positive work environment and attain strong results for us and the people we serve.

Innovate for the FuturePartner to transform existing processes, practices and services to drive greater quality and strengthen internal and external outcomes.

Make it EasyDiscover and deliver ways to reduce complexity in everything we do, creating simple, high-quality experiences.

Provide Exceptional ServiceAnticipate the needs of others, and provide positive, memorable and personalized experiences and service – both internally and externally.

Acknowledge & Celebrate SuccessPractice gratitude, share your appreciation and recognize the contribution of others.

Commit to CaringStrive to do the right thing with compassion for clients, coworkers, the community, the bank, your loved ones and yourself.

At Republic Bank, we believe that by living our values we can make an IMPACT!

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Medical Plan Options Who is eligible?Part-time associates regularly scheduled to work 24 or more hours per week are eligible to enroll themselves and/or their dependent children under age 26, with coverage effective on their first day of employment. Eligible dependent children include your natural blood-related children, stepchildren, legally adopted children, children placed for adoption in your home or children for which you have legal guardianship.

What are my medical plan options?There are four Humana health plan options from which to choose – Two options (Standard and Enhanced PPO Plans) are traditional Preferred Provider Organization (PPO) medical plans, which provide a higher level of coverage for care received from participating doctors and other health care providers. Both plans cover routine/wellness-related services at 100% with no copays or deductible.

The plans differ primarily by deductibles, co-payment amounts and coinsurance levels, as shown on the chart on pages 7-8. Premiums are on page 12.

Maximum out-of-pocket limits: Historically, copays for office visits and prescriptions were unlimited. However, due to Healthcare Reform, all health plans are now required to have an annual “Plan” out-of-pocket maximum of $6,350 individual / $12,700 family. This means no covered individual will pay more than the $6,350 out-of-pocket for in-network related medical and pharmacy expenses combined with the deductible and copays.

Both the High Deductible Health Plan (HDHP) and the CoverageFirst plans are designed to provide more control over health expenses. Both plans cover routine/wellness-related services at 100% with no copays or deductible. However, the CoverageFirst plan includes an additional $500 benefit allowance to cover in-network expenses (except for required co-payments) each year for each covered member of your family. Think of this allowance as an account used to pay for health care services. As you receive covered services, the plan will pay for those services from the account until $500 has been paid. As long as money is available in the

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account, you will only pay your applicable co-payment. Once the $500 in the account has been used up, the normal plan benefits apply and you will be responsible for the annual deductible and applicable coinsurance. You will continue to pay only a co-payment for office visits.

The High Deductible Health Plan covers all routine exams and wellness related services at 100% - with no copay and no deductible - for eligible in-network expenses each year. However, you may want to consider opening a Health Savings Account (HSA) through Republic Bank to cover non-routine/wellness related out-of-pocket expenses that are applied to your deductible ($2,800 individual/$5,600 family). The HSA is used to pay for health care services with pre-tax dollars (similar to an FSA). As you receive covered services, you use available funds in the HSA to pay for expenses that are applied to your deductible. Once your deductible is met, the plan will pay for all future eligible in-network services at 100% after the applicable copay for office visits for primary care physician and specialist, hospital emergency room or urgent care services, and prescription drugs.

Why you might want a High Deductible Health PlanA High Deductible Health Plan offers several ways to save on healthcare:• Lower premiums: The HDHP has lower premiums than the other health plan options.• Integrated deductible: Prescription drug costs apply to the same deductible as medical costs. And for members who choose

family coverage, costs for all covered members apply to the same deductible. These differences make it easier for you to meet the deductible.

• Out-of-pocket maximum: The yearly “cap” on your costs for covered services from in-network providers gives you peace of mind. And budgeting is easy, since medical and drug costs that apply to your deductible count toward the maximum, too.

• Opportunity to save tax-free money: Having an HDHP allows you to contribute tax-free dollars via payroll deduction to a Republic Bank HSA. You can spend the money on healthcare costs without paying taxes on it — or use it for other expenses after you retire, when it may be taxed at a lower rate.

Using your High Deductible Health PlanThe HDHP has three key components: an integrated deductible, coinsurance and out-of-pocket maximum.• Integrated deductible: Even though your pharmacy benefits kick in only after you’ve met the deductible, you always get

Humana’s discounted price when you fill prescriptions at in-network pharmacies. And since your health plan and pharmacy benefits share the same deductible, your prescription costs help you meet the deductible faster. You can view the list of covered drugs under the HDHP at Humana.com.

• Coinsurance: After you reach your annual deductible, the plan pays a percentage of your costs for both medical services and prescription drugs after the applicable copays.

Example of how copays and coinsurance apply after meeting annual deductible:You have single coverage in the HDHP and you have met your $2,800 deductible. You are visiting your primary care physician regarding a health issue. You will be responsible for the $20 office visit copay. The Plan covers the remaining cost of the visit at 100%. You may use your health savings account to pay for the office visit.

• Plan Out-of-Pocket Maximum: Important Notice: Historically, copays for office visits and prescriptions were unlimited. However, due to Healthcare Reform, all health plans are now required to have an annual “Plan” out-of-pocket maximum of $6,350 individual / $12,700 family. This means no covered individual will pay more than the $6,350 out-of-pocket for in-network related medical and pharmacy expenses combined with deductible and copays.

You have the option to enroll in a qualified High Deductible Health Plan (HDHP) and a “companion” Health Savings Account (HSA) offered through Republic Bank to help cover your out-of-pocket expenses. See Page 13 for more information regarding the Health Savings Account.

For the most current information about participating network providers in the Humana plans, go online to www.humana.com and look under the Humana Choice Care Network.

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How does the RX4 Prescription Drug benefit work?No matter which medical plan you choose, the prescription drug benefit will be administered by RightSource. You will use the same identification card that you use for all other medical care services.

The amount you pay for prescription drugs depends on which medical plan you are in and the Level in which the medication that you and your doctor select is classified. You may check the classification of drugs by logging onto www.humana.com and selecting the Rx-4 Drug List.

The plan provides four levels of coverage based on the prescription. In addition, if you purchase a brand name drug, you must first satisfy a *$250 annual deductible before the copay will apply (the brand deductible does not apply to the Health Deductible Health Plan).• Level One: This level includes designated *brand name and generic drugs that are the most cost effective while still providing

high quality medical efficacy. You’ll pay just $10 for up to a 30-day supply.• Level Two: Preferred drugs are those generic or *brand names included in the RX-4 drug formulary. (A formulary is a list of

commonly prescribed drugs that have been selected by a panel of pharmacists and physicians based on their effectiveness and cost.) You’ll pay just $40 for up to a 30-day supply.

• Level Three: Non-preferred drugs are *brand names or generics not listed on the plan’s formulary. For these drugs, you’ll pay $60 for up to a 30-day supply. If you take a prescription medication in this category, keep in mind that alternative preferred brand name or generic drugs are usually available and allow you to save money.

• Level Four: This level covers high cost, high tech specialty medications and injectables. You’ll pay a 25% coinsurance per prescription.

The mail order prescription benefit lets you order up to a 90-day supply of maintenance drugs for the same price as a 60-day supply equal to 2 copays. To use this benefit, have your physician write a prescription for a 90-day supply.

PLEASE NOTE: Some drugs, such as weight management and cosmetic drugs are not covered by the plan. Because Humana’s drug list is continually updated with prescription drugs approved or not approved for coverage, you must call the toll-free customer service phone number on the back of your ID card or visit Humana’s website at www.humana.com to verify whether a prescription drug is covered or not covered under the Plan.

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Medical Plan Options STANDARD PPO ENHANCED PPO

Network Non-Network Network Non-NetworkBenefit Allowance N/A N/A N/A N/A

Annual Deductible

Individual $500 $1,000 $250 $500

Family $1,000 $2,000 $500 $1,000

Annual Out of Pocket Expense Limit

Individual $2,500 $5,000 - includes deductible $2,250 $4,500 - includes deductible

Family $5,000 - includes deductible $10,000 - includes deductible $4,500 - includes deductible $9,000 - includes deductible

Routine Wellness Services, including all generic birth control pills and

surgical sterilization services100% Not Covered 100% Not Covered

Hospital Services

Inpatient 80% after deductible 70% after deductible 90% after deductible 60% after deductible

Outpatient Surgery 80% after deductible 70% after deductible 90% after deductible 60% after deductible

Outpatient Diagnostic 80% after deductible 70% after deductible 90% after deductible 60% after deductible

Emergency Room (true emergency, as defined by plan)

100% after $300 copay (waived if admitted)

70% after deductible; paid at participating level for emergency

medical condition

100% after $300 copay (waived if admitted)


medical condition

Urgent Care 100% after $75 copay 70% after deductible 100% after $75 copay 60% after deductible

Physician Services


Office Visit

Primary Care 100% after $20 copay 70% after deductible 100% after $15 copay 60% after deductible

Specialist 100% after $35 copay 70% after deductible 100% after $30 copay 60% after deductible

Allergy Services

Allergy Injections 100% after $10 copay 70% after deductible 100% after $10 copay 60% after deductible

Allergy Serum 100% after OV copay 70% after deductible 100% after OV copay 60% after deductible

Behavioral Health


Inpatient physician services 80% after deductible 90% after deductible

Outpatient therapy sessions 100% after $20 copay 100% after $15 copay

Chiropractic Services 100% after $35 copay; max of 20 visits per calendar year

70% after deductible; max. 20 visits per year

100% after $30 copay; max of 20 visits per calendar year

60% after deductible; max of 20 visits per year

Prescription Drugs (only covered at participating pharmacies) Note: Brand Name Drugs subject to $250 annual deductible. Note: Brand Name Drugs subject to $250 annual deductible.

Retail

Level 1 $10 copay $10 copay



Level 4 25% copay 25% copay

Mail Order




Level 4 25% copay 25% copay

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Medical Plan Options COVERAGE FIRST HIGH DEDUCTIBLE HEALTH PLAN (HDHP)

Network Non-Network Network Non-NetworkBenefit Allowance $500 N/A N/A N/A

Annual Deductible

Individual $2,500 $5,000 $2,800 $5,600

Family $7,500 $15,000 $5,600 $11,200

Annual Out of Pocket Expense Limit

Individual $2,500 - includes deductible $9,000 - includes deductible $2,800 - includes deductible $15,000 - includes deductible

Family $7,500 - includes deductible $27,000 - includes deductible $5,600 - includes deductible $30,000 - includes deductible

Routine Wellness Services, including all generic birth control pills and

surgical sterilization services100% Not Covered 100% Not Covered

Hospital Services

Inpatient

100% after $150 copay per day for first five days per admission, and

after deductible 70% after deductible 100% after deductible 70% after deductible

Outpatient Surgery 100% after $100 copay per visit and after deductible 70% after deductible 100% after deductible 70% after deductible

Outpatient Diagnostic 100% after deductible 70% after deductible 100% after deductible 70% after deductible

Emergency Room (true emergency, as defined by plan)

100% after $300 copay per visit, and after deductible; copay (waived

if admitted)


medical condition$300 copay after deductible


medical condition

Urgent Care 100% after $75 copay 70% after deductible $75 copay after deductible 70% after deductible

Physician Services


Office Visit

Primary Care 100% after $25 copay 70% after deductible $20 copay after deductible 70% after deductible

Specialist 100% after $40 copay 70% after deductible $35 copay after deductible 70% after deductible

Allergy Services

Allergy Injections 100% after $5 copay 70% after deductible 100% after deductible 70% after deductible

Allergy Serum 100% after deductible 70% after deductible 100% after deductible 70% after deductible

Behavioral Health

Inpatient100% after $150 copay per day for

first five days per admission, and after deductible

70% after deductible 100% after deductible 70% after deductible

Inpatient physician services 100% after deductible 70% after deductible 100% after deductible 70% after deductible

Outpatient therapy sessions 100% after $25 copay 70% after deductible $20 copay after deductible 70% after deductible

Chiropractic Services 100% after $40 copay; limited to 20 visits per calendar year

70% after deductible; max. 20 visits per year

100% after deductible; max of 20 visits per year

70% after deductible; max. of 20 visits per year

Prescription Drugs (only covered at participating pharmacies) Note: Brand Name Drugs subject to $250 annual deductible. Note: All RX expenses subject to annual plan deductible prior to copays being applied.

Retail

Level 1 $10 copay Not covered $10 copay after deductible Not covered

Level 2 $40 copay $40 copay after deductible


Level 4 25% copay 25% coinsurance after deductible

Mail Order

Level 1 $20 copay Not covered $20 copay after deductible



Level 4 25% copay 25% coinsurance after deductible

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Vision Benefits

Vision Care Benefit Summary If you see a participating provider(Member Cost)

If you see a non-participating provider (Reimbursement)

Exam, with dilation as necessary Retinal Imaging $10 co-pay / $39 allowance Up to $30 / Not covered

Contact lens exam options:

Standard contact lens fit and follow-up $55 allowance Not covered

Premium contact lens fit and follow-up 10% off retail Not covered

Lenses:

Single $25 co-pay Up to $25

Bifocal $25 co-pay Up to $40

Trifocal $25 co-pay Up to $60

Lenticular $25 co-pay Up to $100

Covered Lens Options:

UV coating $15 Not covered

Tint (solid and gradient) $15 Not covered

Standard scratch-resistance $15 Not covered

Standard polycarbonate - adults $40 Not covered

Standard polycarbonate - children <19 $40 Not covered

Standard anti-reflective coating $45 Not covered

Premium anti-reflective coating:

Tier 1 $57 Not covered


Tier 3 80% of charge Not covered

Standard progressive (add-on to bifocal) $25 Up to $40

Premium progressive:




Tier 4 $90, 80% of charge, then up to $120 Not covered

Photochromatic / plastic transitions $75 Not covered

Polarized 20% off retail Not covered

Frames $100 retail allowance20% off balance over $100 Up to $50

Contact Lenses (applies to materials only)

Conventional $100 allowance (15% off balance over $100) Up to $80

Disposable $100 allowance Up to $80

Medically Necessary Covered at 100% Up to $200

Frequency – based on date of service

Examination Once every 12 months Once every 12 months

Lenses or contact lenses Once every 12 months Once every 12 months

Frame Once every 24 months Once every 24 months

Diabetic Eye Care (care and testing for diabetic members):

Examination – up to (2) services per year Covered at 100% Up to $77

Retinal Imaging – up to (2) services per year Covered at 100% Up to $50

Extended Ophthalmoscopy – up to (2) services per year Covered at 100% Up to $15

Gonioscopy – up to (2) services per year Covered at 100% Up to $15

Scanning Laser – up to (2) services per year Covered at 100% Up to $33

Vision health impacts overall health. Routine eye exams can lead to early detection of vision problems and other diseases such as diabetes, multiple sclerosis, high blood pressure, osteoporosis, and rheumatoid arthritis.

Who is eligible?If you are a part-time associate regularly scheduled to work 24 or more hours per week, you may enroll yourself, your spouse and/or your dependent children under 26 years of age.

Additional plan discounts:Member may receive a 20% discount on items not covered by the plan at network Providers. Members may contact their participating provider to determine what costs or discounts are available. Discount does not apply to Insight Provider’s professional services or contact lenses. Plan discounts cannot be combined with any other discounts or promotional offers. Services or materials provided by any other group benefit plan providing vision care may not be covered. Certain brand name Vision Materials may not be eligible for a discount if the manufacturer imposes a no-discount practice. Frame, Lens, & Lens Option discounts apply only when purchasing a complete pair of eyeglasses. If purchased separately, members receive 20% off the retail price.

Members may also receive 15% off retail price or 5% off promotional price for LASIK or PRK from the US Laser Network, owned and operated by LCA Vision. Since LASIK or PRK vision correction is an elective procedure, performed by specialty trained providers, this discount may not always be available from a provider in your immediate location.

Additional InformationAfter you are enrolled in the Vision Care Plan, you will receive an ID card in the mail. To find a vision provider in the network simply visit Humana.com, or if you prefer, call Customer Care Center at 1-866-995-9316 from 8 a.m. - 6 p.m. EST, Monday - Saturday, and Sunday 11 a.m. - 8 p.m. EST.

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Who is eligible?If you are a part-time associate working 24+ hours a week, you may enroll yourself and/or your dependent children under age 26 with coverage effective on your first day of employment. (Eligible dependent children include your natural blood-related children, stepchildren, legally adopted children, children placed for adoption in your home or children for which you have legal guardianship.)

What are my choices?Republic Bank offers associates the Delta Premier PPO Plus plan through Delta Dental of Kentucky. The dental plan is a unique blend of Delta Dental’s Premier and Preferred provider networks. If you use a dentist from the Preferred provider network, your out-of-pocket costs are lower because these network providers offer a greater discount for their services.

Benefits are based on the allowable amount for each specific service. Participating dentists have agreed not to bill plan members more than the allowable amount. Please refer to the summary of the dental plan benefits provided on page 11.

How do I find a participating dentist?For the most current information about dentists who participate in the plan, go online to www.deltadentalky.com and Select the Delta Dental PPO+ Premier Network in the drop down box. The participating dentists may be different for the Premier and the Preferred networks. If your dentist participates in both networks, they have agreed to accept the allowable amount based on the Preferred provider network.

Dental Plan

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Healthy Mouth, Healthy Body is a voluntary program for those Associates who are pregnant, or have diabetes, renal failure, suppressed immune systems, or are at risk for infective endocarditis. It allows for an additional cleaning (or periodontal maintenance procedure if you have a history of periodontal surgery) beyond the plan’s ordinary limit per benefit period. Information is available on the Human Resources webpage of the Republic Bank Intranet regarding enrollment in this program.

*Allowable AmountDentists who have signed participating agreements with Delta Dental of Kentucky agree to accept the Allowable Amount as payment in full for Covered Services as these terms are defined in the Certificate of Coverage. Each Covered Person is responsible for the amount of Coinsurance, Deductible, and non-covered charges. Dentists who have not signed a participating agreement may bill you directly for any amount of their charge in excess of the Allowable Amount. In cases where the dentist’s charges exceed the Allowable Amount, your coinsurance will be larger. Certain procedures require preauthorization and/or are subject to limitations.

Dental Plan SummaryPremier or Preferred Network Non-Network

Annual deductible

Individual $25 $25

Family $75 $75

Maximum Benefits(per covered person each Benefit Period)

$1,500 $1,500

Covered Services

Preventive Care – Oral exam, emergency exam, palliative emergency treatment, periapical x-rays, bitewing x-rays,

panoramic or complete series, topical fluoride application, prophylaxis, sealants, space maintainers.

100% of the *Allowable Amount,No Deductible; Does not Apply toward Annual Maximum

100% of the *Allowable Amount, No Deductible; Does not Apply toward Annual Maximum

Class I

Routine fillings, simple extractions, root canal therapy, oral surgery 80% of the Allowable Amount, Subject to Deductible 80% of the Allowable Amount, Subject to Deductible

Class II

Periodontics services 80% of the Allowable Amount, Subject to Deductible 80% of the Allowable Amount, Subject to Deductible

Class III

Simple prosthetic repairs 80% of the Allowable Amount, Subject to Deductible 80% of the Allowable Amount, Subject to Deductible

Class IV

Inlays and Crowns, dental implants 50% of the Allowable Amount, Subject to Deductible 50% of the Allowable Amount, Subject to Deductible

Orthodontics

Diagnosis and treatment plan, minor treatment for tooth guidance, interceptive orthodontic treatment, comprehensive

orthodontic treatment.

50% of the Allowable Amount, No Deductible. Benefits are limited to $1,000 lifetime maximum for covered dependents

under age 19.

50% of the Allowable Amount, No Deductible. Benefits are limited to $1,000 lifetime maximum for covered dependents

under age 19.

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Medical, Dental and Vision Plan Costs 2022Your cost depends upon several factors:• Employment status (full-time or part-time)• Level of coverage you select (Associate only, Associate + spouse, Associate + child(ren), or family)• The $35/pay Medical Premium Discount (see page 15 for details) • The $35/pay Tobacco Surcharge (see page 16 for details)

Part-Time Associates 24+ hours per week – Benefits Costs Per Pay Period (26X per year)

Medical Plan Options Dental Plan Vision Plan

Standard PPO Enhance PPO Coverage First High Deductible Health Plan Delta Dental Humana Vision

Associate Only

Without Premium Discount $193.75 $242.22 $151.02 $41.08** $12.96 $2.28

With Premium Discount $158.75 $207.22 $116.02 $6.08

Associate + Spouse*

Without Premium Discount $4.55

With Premium Discount

Associate+Child(ren)

Without Premium Discount $462.72 $492.86 $421.41 $342.13 $29.82 $4.32

With Premium Discount $427.72 $457.86 $386.41 $307.13

Family*

Without Premium Discount $6.79

With Premium Discount

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You must be enrolled in a qualified High Deductible Health Plan (HDHP) to be eligible to enroll in a Health Savings Account.

The Republic Bank HSA is a tax-favored account that allows you to set aside funds to save and pay for qualified medical expenses incurred by you, your spouse, and any of your qualified dependents. The HSA takes the form of a tax-exempt trust or custodial account.

IMPORTANT NOTE: Per the IRS - if you can’t claim a child as a dependent on your tax returns, then you can’t spend HSA dollars on services provided to that child.

Paying for healthcare expenses using your health savings account:When you have not yet met your deductible, you can pay the entire amount when you get medical care or pick up a prescription. Give your Health Savings Account - Republic Bank MasterCard® CheckCard to your healthcare provider, and if you have enough money in your HSA to cover the service or prescription, the amount will be paid from your HSA and applied to your deductible. If your HSA balance doesn’t cover the cost, you’ll have to pay out of pocket, but the amount will still be applied to your deductible. Note: Once you have deposited enough money in your HSA account, you can reimburse yourself for the out-of-pocket cost of the service or prescription.

HSAs are different from other types of account-based plans you might already be familiar with. The most important difference is that HSAs are individually-owned accounts. That means that each account holder will have their own account/account number and will receive personalized monthly statements. It also means that as the account holder, you must be the one to contact Republic Bank with any questions or concerns pertaining to your personal account. You may open a Republic Bank HSA account at any banking center and have your contributions deducted on pre-tax basis and direct deposited into your account. Email your account number and the number of your amount per pay contribution to your HSA to [email protected]

Features of the Republic Bank Health Savings AccountThe Republic Bank HSA is a personal checking account, and provides you with many of the same features offered in our traditional checking accounts, including:• No minimum balance or opening deposit required• No set-up fee

Health Savings Account (HSA)

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• No transaction fees • Free Republic Bank MasterCard® CheckCard• Free checks• Free Internet Banking, Mobile Banking, Online Statements and Online Bill Pay• Competitive tiered-rate interest• No monthly account maintenance fees

No matter how you access the funds in your HSA, be sure to retain copies of all receipts as proof that funds were used to pay for qualified medical expenses.

Determining eligibility for an HSA To be eligible, you must meet the following criteria:• You must be covered by a qualified High Deductible Health Plan• You can’t be claimed as someone’s dependent• You aren’t covered by other disqualifying insurance (such as a PPO Plan or Flexible Spending Plan*) • You aren’t enrolled in Medicare* You must exhaust all funds available in your Flexible Medical Spending Account before opening an HSA account.

If I enroll in a High Deductible Health Plan but waive the HSA, can I establish an HSA later?Yes, an HSA can be established any time after enrolling in a qualified High Deductible Health Plan. You can contribute the maximum amount for the year – in 2022, that’s $3,650 if you have single coverage or $7,300 for family coverage. Individuals age 55 and older can also make an additional $1,000 catch-up contribution each year. Account holders who are HSA-eligible for only part of the year can still make the full, tax-deductible contribution for that year. However, they must remain HSA-eligible for at least twelve months after benefiting from this special rule in order to avoid potential taxes and penalties.

What is the latest date I can make a contribution to my HSA?You have until April 15 of the following year to make contributions for the current tax year. The contribution must be credited to the account by April 15. All deposits are credited as current year contributions unless otherwise noted.

How do I make contributions to my HSA?• Make contributions via payroll deduction (recommended method) – you may elect to have pre-tax contributions to your account

via payroll deduction.• Make automatic monthly contributions – Arrange to have funds transferred automatically from your personal checking account

to your HSA on a specific day each month. You can set up automatic deposits when you use online enrollment to open your HSA, or you can set them up at any time by completing an ACH authorization form (visit www.republicbank.com to obtain a copy of this form).

• Send contributions by mail – Mail your contributions to Republic Bank using a Mail-in Contribution Form (available online at www.republicbank.com).

How to open an HSA at Republic BankSimply visit a Banking Center and an associate will be happy to assist you. Request to open an Associate HSA. Show your Republic Bank ID to be eligible for this free account. In addition, you may call the IRA/HSA Department at (502) 561-7143 (internal dial ext. 7143), if you have questions regarding the health savings account.

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The WellSteps wellness program makes it easy to get moving along your path to wellness. As a covered member of one of Republic Bank’s Humana Medical plans, you are automatically enrolled in the program. WellSteps involves taking a snapshot of your current state of health and well-being by using a health assessment. Based on the results, the program offers personalized goals in the areas where you need to focus to become healthier. The program is designed to fit anyone at any level of health and fitness. And, best of all, you can earn a $35 medical premium discount by completing three simple wellness tasks.

Medical Premium Discount:As an active participant, you have the opportunity to reduce your medical premium costs by $35 per pay period simply by completing the three wellness-related tasks noted below and uploading proof of completion on the WellSteps portal. • Completing an on-line Health Assessment• Getting an annual preventative physical exam*• Obtaining a complete Covid vaccination*

When you first become covered on our Medical Plan, you will pay the regular rate. However, once you’ve completed the three wellness tasks during the Plan Year, your medical premiums will be reduced by the $35 discount. Note: If you are covering your spouse on the medical plan, your spouse must also register and complete the three wellness tasks for you to qualify for the medical premium discount.

The WellSteps program website and mobile app also provides numerous activities and on-line educational tools, including a robust video library, the latest in health news, healthy recipes, and over 30 self-paced behavior change campaigns. You can also sync your fitness devices and track your steps, calorie intake, exercise-based factors such as miles, kilometers, steps and minutes, and challenge co-workers to walking to customized challenges.

Shortly after you become covered under a Republic Bank medical plan, you will receive a Welcome packet from WellSteps containing detailed information regarding the program and how to register to begin your wellness journey.

If due to a health factor or a sincerely held legitimate religious belief you feel you cannot meet the requirements of this program, notify the Benefits Department. A reasonable alternative standard may be available.

Medical Premium Discount

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Associates and their covered adult dependents (18 years or older) will be subject to the tobacco-user premium surcharge of $35 per pay (not per person) if anyone covered on the medical plan is a tobacco user. All associates covered under the medical plan will be required to complete an on-line affidavit as part of benefit enrollment. If the form is not completed, the Tobacco Surcharge will apply until documented proof of being tobacco free is submitted. No refunds will be given of the surcharge.

A tobacco user is defined as an individual who uses any tobacco or smoking-related product (cigarette, cigar, pipe, chewing tobacco, or snuff).

Quitting tobacco can be a tough but manageable process. That’s why the company offers free help through the Freedom From Smoking tobacco-cessation program. Employees will be eligible for waiver of the tobacco-user surcharge upon completion of the Freedom From Smoking. Program completion is defined as completing at least 8 calls (live phone coaching sessions) with a Health Coach. Participants will receive certification upon completion.

Freedom From Smoking OverviewThe Freedom From Smoking program, brought to you by the American Lung Association, is a phone-based coaching and web-based resource learning support service to help tobacco users quit. The program has been successfully smokers quit for over 40 years. Participants are matched with a Quitline Health Coach, who helps them develop a personalized quit plan, explore behaviors that lead to tobacco use, manage stress, helps overcome possible obstacles, provides guidance in choosing medicines, and gives ongoing follow-up support.

Freedom From Smoking gives tobacco users the support and help they need to stay focused on their personal reasons for quitting. Those willing to try to quit will receive:• Eight scheduled phone-based coaching sessions• Unlimited access to a Quitline for up to one year via toll-free phone • Unlimited access to web tools and resources to help you quit• Access to on-line support community • Follow Up calls after program completion• 8-week supply of nicotine patches, gum or lozenges (free of charge) if recommended• Referral for prescription medication if recommended

Quitting tobacco isn’t easy, but the Freedom From Smoking Program can help. Freedom From Smoking has a 57% quit rate when utilized with quit-smoking medications. Take the first step today to living a longer, healthier life. The program is free and confidential, and it works. Additional information and Enrollment Forms are available on SharePoint.

If it is unreasonably difficult due to a health factor or if it is medically inadvisable for you to attempt to meet the requirements of this program, notify the Benefits Department. A reasonable alternative standard will be made available. For example, if you are currently being treated by a physician for nicotine addiction, we may request an affidavit from your physician and provide a reasonable alternative.

Tobacco User Premium Surcharge

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Basic Group Life and Accidental Death and Dismemberment CoverageEffective on your first day of employment, Republic Bank provides, at no cost to you, basic group term life benefits of $15,000. You are also provided accidental death and dismemberment (AD&D) coverage equal to the same amount. If you should die as the result of a covered accident, your beneficiary would receive an additional benefit of $15,000.

Optional Life Insurance CoverageYou can also purchase additional life insurance for yourself, your spouse, and your eligible children at afford able group rates.

Associate Optional Life Insurance – available in increments of $25,000 up $700,000 - evidence of good health is required for any coverage exceeding the guarantee issue amount of $225,000. Cost is dependent upon your age and the amount of coverage requested. (Note: the benefit is reduced by 75% at age 75.)

Spouse Life Insurance – Provides coverage for your spouse in $10,000 increments up to $50,000. Evidence of good health is not required if you elect this coverage when you first become eligible. Cost is dependent upon the spouse’s age and amount of coverage requested. Note: Your spouse is not eligible for coverage if they are age 70 or over.

Child Optional Life Insurance – Provides a $10,000 benefit for a flat rate of $1.10 per month, for dependent children up to age 26. This rate does not vary depending on the number of children covered. (Eligible dependent children include your natural blood-related children, stepchildren, legally adopted children, children placed for adoption in your home or children for which you have legal guardianship.) Evidence of good health is not required if you elect this coverage when you first become eligible.

Do I need to submit evidence of good health? When you first become eligible for optional employee coverage, you may enroll up to the guarantee issue of $225,000 with no medical questions asked. Electing any amount over $225,000 requires completing a medical evidence of insurability form. You may only increase your coverage during a future enrollment period by com pleting a medical questionnaire. And if you do not enroll your spouse or eligible children when they are first eligible, you may only elect coverage during a future enrollment period by completing a medical questionnaire. Your coverage(s) will begin on the date you are approved by the carrier.

Life and Accidental Death & DismembermentOptional Life for Associates and Dependents

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Voluntary Life Insurance CostsSee rates and calculations below to determine your monthly cost.

Associate Cost

Age Monthly Cost per $1,000 Age Monthly Cost per $1,000 Age Monthly Cost per $1,000

Under 25 $0.06 40-44 $0.14 60-64 $0.81

25-29 $0.06 45-49 $0.20 65-69 $1.40

30-34 $0.08 50-54 $0.34 70 and over* $2.26

35-39 $0.11 55-59 $0.60 *benefit reduced by 75% at age 75

Spouse Cost

Age Monthly Cost per $1,000 Age Monthly Cost per $1,000 Age Monthly Cost per $1,000

Under 20 $0.05 35-39 $0.09 55-59 $0.44

20-24 $0.04 40-44 $0.11 60-64 $0.78

25-29 $0.06 45-49 $0.16 65-69* $1.35

30-34 $0.07 50-54 $0.28 *no benefits for age 70 and above

Child Life Option

Flat rate of $1.10 per month for Child Coverage (up to age 26).

How to Calculate Your Voluntary Benefit Costs:First, determine the amount of coverage for which you are applying. Then, using the table above, find your age range to determine the cost of coverage per $1,000 increments. Multiply the number of thousands of coverage by the table rate to determine your monthly cost.

Example: An associate who is 34 years old wants to apply for $100,000 in associate voluntary life coverage, $20,000 in spouse coverage and $10,000 in child(ren) coverage. To determine the per pay period deductions for this coverage:

Associate $0.08 x $100(000) = $8.00 x 12 ÷ 26 = $3.69

Spouse $0.07 x $20(000) = $1.40 x 12 ÷ 26 = $0.65

Children $10,000 = $1.10 x 12 ÷ 26 = $0.50

Total Cost: $10.50 x 12 ÷ 26 = $4.84

Total Per Pay Period Cost: $4.84

Your Calculations Table Rate x # Thousands of Coverage x 12 ÷ 26 = Per Pay Premiums

Associate x x 12 ÷ 26

Spouse x x 12 ÷ 26

Child(ren) $1.10 per month $10,000 x 12 ÷ 26

Total Per Pay Period Costs:

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AFLAC pays cash benefits directly to you to help with out-of-pocket expenses associated with treatment in the event of a covered illness or injury. AFLAC Cancer, Critical Illness and Accident policies are available to you at a discounted rate through pre-tax payroll deduction. If interested, you have 30 days from your date of hire to enroll. Your next opportunity to enroll will be in April. Information about these benefits and an introductory video can be accessed on the HR SharePoint site. Select the information for the state in which you reside to review plan information and rates. If you have questions or would like to enroll contact our AFLAC representative, Iris Goodall at [email protected].

Who is eligible? All associates and family members are eligible to participate.• Associate: ages 18+• Spouse: ages 18+• Child(ren): ages 0-26 (disabled Children may be covered past age 26)

Accident Benefits include those payable for:• Doctor’s Office Visit• Ambulance• Hospitalization• Emergency Room Treatment• Medical Appliances • Fractures & Dislocations• Physical Therapy, and more

Critical Care – What is Covered• Heart Attack• Stroke• Sudden Cardiac Arrest• Third-Degree Burns• Coronary Artery Bypass Surgery• Kidney Failure (End-Stage Renal Failure)• Coma• Major Human Organ Transplant • Paralysis

AFLAC Accident, Critical Care and Cancer Benefits

How It Works

How It Works

How It Works

Cancer Benefits include those payable for:• Lump sum for initial diagnosis• Chemo/radiation treatments• Hospitalization• Surgery• Home Health Care• Ambulance• Transportation

Other Great Reasons to Consider AFLAC Benefits:• Does not coordinate with group health coverage• All benefits are paid to you to use the money that best fits

your financial needs• Premium deductions are pre-tax• Lower rates because offered through employer• Your benefits are fully portable and won’t reduce at any age

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• Lump sum for initial diagnosis • Chemo/radiation treatments • Hospitalization • Surgery • Home Health Care • Ambulance • Transportation

Other Great Reasons to Consider AFLAC Benefits:

• Does not coordinate with group health coverage

• All benefits are paid to you to use the money that best fits your financial needs

• Premium deductions are pre-tax

• Lower rates because offered through employer

• Your benefits are fully portable and won’t reduce at any age

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• Doctor’s Office Visit • Ambulance • Hospitalization • Emergency Room Treatment • Medical Appliances • Fractures & Dislocations • Physical Therapy, and more

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As an associate of Republic Bank, you are eligible immediately upon hire. The plan provides benefits to you, your spouse, and dependent children up to age 26. The Employee Assistance Program (EAP) is paid for by Republic Bank and is administered by ESI TotalCare EAP, a private consulting firm that specializes in personal and online counseling. In addition, TotalCare EAP offers a broad array of enhanced tools and services to help with problems that might affect your personal or work life.

Just a few examples of these include:Marriage & Family • Stress • Legal Problems • Debt • Childcare • Elder Care • Grief • Pet Problems • Education Planning Scholarships • Depression • Taxes • Wills • Smoking Cessation • Wellness • Adoption • Substance Abuse • Mental Health • Divorce

Services include:• Unlimited Telephonic Counseling: Members speak directly with our professional staff counselors 24 hours a day via a toll-free

number. Every counselor has a Master’s or PhD. degree. Staff counselors provide direct in-the-moment counseling when a Member calls and act as case managers when referrals are made to local counselors or other work-life or wellness resources, overseeing each case to its ultimate closure – regardless of the amount of time involved in assisting the Member.

• Face-to-face Counseling Sessions per Issue: Up to 3 Members are eligible for telephonic counseling and short-term, in-person counseling.

In addition, your TotalCare EAP offers hundreds of personal and professional development opportunities, from trainings to one-on-one telephonic coaching in the following areas: Certified Financial Coaching • Balancing Life at Work & Home • Resilience • Effective Communication • Home Purchasing Student Debt • Yoga & Relaxation for Beginners • Workplace Conflict • Retirement • Succeeding as a Supervisor

Your TotalCare EAP also provides a comprehensive Wellness Coaching benefit designed to help you tackle issues that are most detrimental to your overall health and well-being. The program includes assistance with losing weight, improving nutrition, getting fit, stopping tobacco use, and reducing stress.

To access your TotalCare EAP, simply call the toll-free number 1-800-252-4555 or 1-800-225-2527 to talk with a counselor or coach who will work with you to address your issues. You can also visit your TotalCare EAP online at www.theEAP.com for thousands of problem-solving resources and self-help tools.

Your TotalCare EAP is a free benefit and your confidentiality is assured. No information about your use of the program is given to us as your employer unless you sign a release of information authorizing this. If you have personal difficulties of any kind, we encourage you to take advantage of this no cost, confidential benefit.

Employee Assistance Program

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To help you prepare for the future, Republic Bank sponsors a 401(k) Plan that lets you save and invest pre-tax and after-tax dollars from your pay. You are eligible to participate in the plan immediately upon employment; at which time you will also be eligible for the Company Match. You will be able to enroll on your start date and your election will be reflected on your first check following your enrollment.

You may go to the Empower website at www.empowermyretirement.com to register. If you do not make an affirmative election to participate in the Plan or waive participation within your first 30-days of employment, you will be automatically enrolled in the pre-tax option of the Plan with a payroll deduction deferral amount of 6% of compensation. In addition, if you make no changes to your account following auto-enrollment, the automatic enrollment feature includes an automatic increase of 1% each year until you reach a maximum of 10%. However, prior to your automatic enrollment, you may elect not to participate in the Plan or change your contribution to a different amount. If you make any changes to your contribution, the annual automatic increases will stop.

If you are automatically enrolled and do not choose affirmative investment elections, your contributions will be invested in the Plan’s Qualified Default Investment Alternative (QDIA), as described below and in the QDIA notice available on the Empower website.

If you are under age 50 and are automatically enrolled in the Plan, your contributions will be made to the IRON Moderate Portfolio, which is a mixture of approximately 50% stocks and 50% bonds.

If you are age 50 or older and are automatically enrolled in the Plan, you will be enrolled in My Total Retirement managed by Advised Assets Group, LLC, a federally registered investment advisor. You will receive a personalized investment portfolio that reflects the Plan’s investment options along with other factors such as: your retirement timeframe, age, gender, state of residence, income, account balance, life stages and overall financial picture if provided. Under My Total Retirement, Advised Assets Group has discretionary authority over allocating your assets among the Plan’s available investment options, where each transaction does not require prior approval.

401(k) Retirement Plan

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My Total Retirement will automatically monitor, rebalance and reallocate your account on a periodic basis, based on data resulting from the methodologies and software designed to respond to market performance and towards optimal account performance over time. In addition to your Plan statements, you will receive an account update and forecast statement annually. The fee structure associated with My Total Retirement is based on a percent of total assets in your account.

You can change how your Plan account is invested, among the Plan’s offered investment funds, by either:• logging onto the web site www.empowermyretirement.com and following the online instructions, or• by accessing your account using the automated phone system 1-844-465-4455.

To learn more about the Plan’s investment funds and procedures for changing how your Plan account is invested you can call 1-844-465-4455 or visit www.empowermyretirement.com.

You Have Two Ways To Invest – Pre-Tax or Roth ContributionsWhen you contribute to the Plan on a pre-tax basis, you pay less in federal and state income taxes – so you keep more money in your paycheck than with ordinary, after-tax contributions. Your money also grows tax deferred until you access these monies in retirement. You may contribute a minimum of 1% of your eligible pay up to the maximum annual amount (in 2022, maximum contribution is $20,500) as set by the IRS. And, if you are age 50 or older, you may be eligible to make additional ‘catch-up’ contributions of up to $6,500. Catch-up contributions allow you to build your savings as you near retirement.

With Roth contributions, the plan combines features of a regular 401(k) plan with the tax-free growth benefits of a Roth IRA. Roth contributions let you take money from your paycheck and put it into a retirement account that grows tax-free. Since Roth contributions that you put into the plan are taxed as ordinary income up front, you don’t have to worry about paying federal income taxes on them when you make a withdrawal. Best of all, anyone can participate, no matter what your income.

Roth contributions may be right for you if you’re currently in a lower tax bracket but will likely be in a higher one at retirement. The key here is that you pay taxes today. This allows you to take advantage of a lower tax rate now, rather than a potentially higher one down the line. It’s also a good option for high-income investors who haven’t been eligible for Roth IRAs in the past due to income restrictions.

Regular Pre-Tax 401(k) Contributions Roth 401(k) Contributions

Contributions Pre-tax After-tax

Employer Matching Contributions Yes, up to plan maximum Yes, up to plan maximum

Contribution Limits (for 2022) $20,500; $27,000 for age 50+ $20,500; $27,000 for age 50+

Investment Earnings Tax-deferred earnings Tax-free earnings

Taxes Pay taxes on contributions and earnings at time of distribution, unless rolled over to another qualified plan.

Pay taxes on contributions when deducted from paycheck; earnings are distributed tax-free for qualified withdrawals.

Access to money during employment In-service withdrawals may be available for hardship, subject to certain restrictions.

In-service withdrawals may be available for hardship, subject to certain restrictions.

DistributionsContributions and earnings are taxed at distribution. Federal,

State and Local income tax may apply. Penalty of 10% for distributions prior to age 59½ may apply.

Tax-free if qualified distribution. Must meet two conditions: 1. Attainment of age 59½, death, total disability; and

2. Roth account must be in existence for five taxable years from your first Roth contribution.

Required minimum distributions In general, age 70½ unless still employed. In general, age 70½ unless still employed.

Rollovers Can be rolled over to another 401(k), a Roth IRA (subject to special rules), or a traditional IRA

Can be rolled over to another 401(k), a Roth IRA, or a traditional IRA

Roth Contributions: How They Are Different

To decide if Roth contributions are right for you, the first thing to do is check your income tax bracket. If you think it will stay the same or increase by the time you retire, Roth contributions may be a good option.

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Company Match Republic Bank will match the first 1% of pay you contribute at 100%. The next 2-5% of pay you contribute will be matched at 75%. You are always fully vested in your own contributions, as well as any investment earnings on your contributions. Republic Bank’s matching contributions are vested based on your years of service, as noted in the following schedule:

Years of Service Vesting Percentage

Less than 2 0%

2 years or greater 100%

You will be able to enroll and determine your contribution amount, or to waive participation, by logging onto the Empower website. You will receive detailed information directly from Empower following your employment date to assist you with this process. Once you are enrolled and have your first deduction into the 401k plan, you will also be able to go on-line to change the way your future contributions will be invested, reallocate a current account balance, or change your contribution percentage as often as you wish by accessing your account on-line at www.Empowermyretirement.com.

If you have an existing qualified retirement plan account with a prior employer, or hold a qualified IRA and ROTH IRA account, you may take advantage of the low fees in the Republic Plan and roll over that account into the Plan once you become a participant.

You may also contact a Empower representative at 1-800-294-3575 at any time to obtain additional information regarding your investment options and the enrollment process.

Please refer to the additional information you will receive via your work email from Empower regarding your investment options.

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We are proud to offer the Republic Bank Employee Stock Purchase Plan (ESPP) to all regular full-time and part-time associates who have at least 6-months of employment as of the beginning of each offering period. Once eligible, you can purchase Republic stock for your personal investment portfolio outside of the 401(k) plan at a significant savings to the market price.Republic Bank is providing this benefit as a way to encourage long-term participation in the fortunes of the company. The ESPP will allow you to set aside $10 to $490 from each of your paychecks, on an after-tax basis, over a 3-month offering period. At the end of each calendar quarter, your contributions will be used to purchase company shares at a 15% discount to the closing market price of the stock on the last business day of the offering period. If there are not sufficient funds to cover the contribution amount elected after first taking all other deductions and tax withholdings, it is deemed that you have asked to cease contributions for the remainder of the offering period. In addition, if you wish to contribute during the next offering period, you must make a new election. Because the ESPP is considered a qualified plan, you will not have to pay taxes on the value of the discount until you sell your shares. If, for example, you were to buy $1,000 of stock but only paid $850 because of the 15% discount -- you will not be subject to the taxes for the gain of $150 until you sell your shares.

IMPORTANT NOTE: The Plan imposes a mandatory 6 month holding period. Plan shares are not eligible for sale or broker transfer until they have been held in the Plan for 6 months from the date in which they were purchased. EXAMPLE: Shares purchased as of 3/31/2021 for the offering period beginning 1/01/2021 are not eligible for sale or broker transfer until 09/30/2021 – 6 months from 3/31/2021.

Enrolling in the Republic Bank Employee Stock Purchase Plan Once you become eligible and just prior to the enrollment period, you will receive two emails from Computershare – one email containing your login information and the other email containing your temporary pin number. You will be able to register for your ESPP account with Computershare and make your election to participate in this great program during the enrollment period. If you have any questions regarding the enrollment process, please call Computershare’s contact center at 1-866-658-6773.If you would like more information regarding the ESPP Plan, please check out the Plan’s Prospectus and Frequently Asked Ques-tions (FAQ) located on the Human Resources page in Sharepoint. In addition, when you first become eligible you will receive a Republic Bank Learning Center training assignment, which will provide you with specifics regarding the Republic Bank Plan and how to enroll.

Republic Bank Employee Stock Purchase Plan (ESPP)

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Paid Time Off (PTO)Part-time associates scheduled to work 24 hours or more per week are eligible for the PTO allotment is listed below. These allotments are based on a 28-hour work week regardless of the number of hours you are actually scheduled to work. PTO for associates hired throughout the year will be pro-rated based on date of hire. The amount of PTO an associate receives each year is dependent upon their length of service at Republic Bank.

Other BenefitsPart time 24 or more hours a week

Years Hours

1-4 84

5-9 112

10+ 140

HolidaysRepublic will grant holiday paid time off to part-time associates on the holidays listed below if the holiday falls on a day that a part-time associate is scheduled to work. The associate will be paid for regularly scheduled hours worked on that day*.

Dr. Martin Luther King Jr Day President’s Day Memorial DayJuneteenth

Independence Day Labor DayColumbus DayVeterans Day

Thanksgiving DayChristmas Eve (closes at noon)Christmas Day

* And any other holidays as designated by the Board of Directors. See handbook for additional details.

Parental LeaveRepublic Bank will provide eligible Full and Part-Time associates (with at least 6 months of employment) up to 2 weeks (10 days) of paid parental leave following the birth of an associate’s child or the placement of a child in connection with adoption or foster care. Refer to the Associate Handbook for additional details.

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Financial Benefits• Checking Account – Associates are eligible for one free Associate Checking account for an automatic payroll deposit. There is

no minimum balance requirement on this account and select checks are provided free of charge. All Associates are expected to maintain financial responsibility. Please refer to policy for additional details.

• Associate Premium Rate Money Market Account – This account has a minimum opening deposit requirement of $100 and earns a premium rate.

• Employer Assisted Homeownership Program – Associates are eligible for a one time, secured, 5-year forgivable loan of $5,000 for down payment & closing costs associated with the purchase of a primary residence after one year of employment.

Parking ReimbursementAssociates who work at Republic Bank Corporate Center or Republic Plaza are eligible to be reimbursed up to $55.00 per month for parking expenses or TARC ticket expenses.

Employee Benefits Resources Call Benefits Resources for assistance with benefit questions throughout the year. • Benefits Resources: Monday thru Friday 8:00 am to 5:00 pm EST External Callers: 502-585-0915 Internal Callers: ext 2100 or email [email protected] • HR Intranet Site – https://republicbank.sharepoint.com/sites/HR• benefits.republicbank.com

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Once you’ve made your benefit elections, you may only make changes during the year if you have a change in your family status, such as:• Marriage, divorce, legal separation or annulment;• Birth, adoption or placement for adoption of a dependent child;• Death of your spouse or a dependent child;• The beginning or end of your, your spouse’s or a dependent’s employment;• A change in employment status for you, your spouse or a dependent (for example, your spouse loses his or her coverage at work

after switching from full-time to part-time);• Commencement of, or return from, an unpaid leave of absence;• A dependent child becoming eligible or ineligible for coverage;• A change in residence or work location for you, your spouse or a dependent child that would affect the benefits available to you;• A special enrollment event because you, your spouse or child become ineligible for coverage under another health plan; or as the

result of significant changes in cost or coverage to you or your spouse’s health plan;• A court order requiring you or your former spouse to provide medical coverage for a child;• Entitlement to Medicare by you, your spouse or a dependent child.If you have a change in family status, you must notify Human Resources within 31 days of the change (or 61 days if eligible under the Children’s Health Insurance Program Reauthorization Act, aka CHIP). Any changes you make to your benefits must be directly related to the change in family status. Depending on the type of change, you may need to provide documentation (for example, a copy of your marriage license if you get married, a birth certificate if you have a new baby, or proof of dependent’s loss of other coverage). If you do not notify Human Resources within 31 days of the date of a change in family status, you must wait until the next annual enrollment period to make benefit changes.

Making Changes To Your Elections After Open Enrollment

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• Medicare Part D Prescription Drug Notice• Children’s Health Insurance Program (CHIP) Notice• Women’s Health and Cancer Rights Notice• Statement of Rights Under The Newborns’ And Mothers’ Health Protection Act• HIPAA Privacy Notice• Affordable Care Act

Important Notice from Republic Bank About Your Prescription Drug Coverage and MedicarePlease read this notice carefully and keep it where you can find it. This notice has information about your current prescription drug coverage with Humana and about your options under Medicare’s prescription drug coverage. This information can help you decide whether or not you want to join a Medicare drug plan. If you are considering joining, you should compare your current coverage, including which drugs are covered at what cost, with the coverage and costs of the plans offering Medicare prescription drug coverage in your area. Information about where you can get help to make decisions about your prescription drug coverage is at the end of this notice.

There are two important things you need to know about your current coverage and Medicare’s prescription drug coverage: 1. Medicare prescription drug coverage became available in 2006 to everyone with Medicare. You can get this coverage if you

join a Medicare Prescription Drug Plan or join a Medicare Advantage Plan (like an HMO or PPO) that offers prescription drug coverage. All Medicare drug plans provide at least a standard level of coverage set by Medicare. Some plans may also offer more coverage for a higher monthly premium.

2. Humana has determined that the prescription drug coverage offered by Republic Bank Medical Health Benefit Plan is, on average for all plan participants, expected to pay out as much as standard Medicare prescription drug coverage

pays and is therefore considered Creditable Coverage. Because your existing coverage is Creditable Coverage, you can keep this coverage and not pay a higher premium (a penalty) if you later decide to join a Medicare drug plan.

When Can You Join A Medicare Drug Plan? You can join a Medicare drug plan when you first become eligible for Medicare and each year from October 15th to December 7th. However, if you lose your current creditable prescription drug coverage, through no fault of your own, you will also be eligible for a two (2) month Special Enrollment Period (SEP) to join a Medicare drug plan.

What Happens To Your Current Coverage If You Decide to Join A Medicare Drug Plan? If you decide to join a Medicare drug plan, you may keep your Humana coverage if you elect Medicare Part D coverage and the Humana plan will be payable first with the benefits of Medicare Part D payable second. If you do decide to join a Medicare drug plan and drop your Humana coverage, be aware that you and your dependents may not be able to get this coverage back unless you elect coverage during an annual open enrollment period or experience an eligible qualifying event that entitles you to special enrollment rights.

When Will You Pay A Higher Premium (Penalty) To Join A Medicare Drug Plan? You should also know that if you drop or lose your current coverage with Humana and don’t join a Medicare drug plan within 63 continuous days after your current coverage ends, you may pay a higher premium (a penalty) to join a Medicare drug plan later. If you go 63 continuous days or longer without creditable prescription drug coverage, your monthly premium may go up by at least 1% of the Medicare base beneficiary premium per month for every month that you did not have that coverage. For example, if you go nineteen months without creditable coverage, your premium may consistently be at least 19% higher than the Medicare base beneficiary premium. You may have to pay this higher premium (a penalty) as long as you have Medicare prescription drug coverage. In addition, you may have to wait until the following October to join.

Legal Notices and Other Important Information

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For More Information About This Notice or Your Current Prescription Drug Coverage Contact the Human Resources Department representative listed below for further information. NOTE: You’ll get this notice each year. You will also get it before the next period you can join a Medicare drug plan, and if this coverage through Republic Bank changes. You also may request a copy of this notice at any time.

For More Information About Your Options Under Medicare Prescription Drug Coverage More detailed information about Medicare plans that offer prescription drug coverage is in the “Medicare & You” handbook. You’ll get a copy of the handbook in the mail every year from Medicare. You may also be contacted directly by Medicare drug plans.

For more information about Medicare prescription drug coverage: • Visit www.medicare.gov • Call your State Health Insurance Assistance Program (see the inside back cover of your copy of the “Medicare & You” handbook

for their telephone number) for personalized help, or • Call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048. If you have limited income and resources, extra help paying for Medicare prescription drug coverage is available. For information about this extra help, visit Social Security on the web at www.socialsecurity.gov or call them at 1-800-772-1213 (TTY 1-800-325-0778). Date: October 15, 2021 Name of Entity/Sender: Republic Bank Contact Position/Office: Holly Haggard, VP - Benefits Manager / Human Resources Dept. Address: 601 West Market Street, Louisville, KY 40202 Phone Number: 502-420-1804

Premium Assistance Under Medicaid and the Children’s Health Insurance Program If you or your children are eligible for Medicaid or CHIP and you are eligible for health coverage from your employer, your State may have a premium assistance program that can help pay for coverage. These States use funds from their Medicaid or CHIP programs to help people who are eligible for these programs, but also have access to health insurance through their employer. If you or your children are not eligible for Medicaid or CHIP, you will not be eligible for these premium assistance programs. If you or your dependents are already enrolled in Medicaid or CHIP and you live in a State listed below, you can contact your State Medicaid or CHIP office to find out if premium assistance is available. If you or your dependents are NOT currently enrolled in Medicaid or CHIP, and you think you or any of your dependents might be eligible for either of these programs, you can contact your State Medicaid or CHIP office or dial 1-877-KIDS NOW or www.insurekidsnow.gov to find out how to apply. If you qualify, you can ask the State if it has a program that might help you pay the premiums for an employer-sponsored plan. Once it is determined that you or your dependents are eligible for premium assistance under Medicaid or CHIP, as well as eligible under your employer plan, your employer must permit you to enroll in your employer plan if you are not already enrolled. This is called a “special enrollment” opportunity, and you must request coverage within 60 days of being determined eligible for premium assistance. If you have questions about enrolling in your employer plan, you can contact the Department of Labor electronically at www.askebsa.dol.gov or by calling toll-free 1-866-444-EBSA (3272).

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If you live in one of the following States, you may be eligible for assistance paying your employer health plan premiums. The following list of States is current as of October 15, 2021. You should contact your State for further information on eligibility:

ALABAMA MedicaidWebsite: http://myalhipp.com/Phone: 1-855-692-5447

ALASKA MedicaidThe AK Health Insurance Premium Payment ProgramWebsite: http://myakhipp.com/Phone: 1-866-251-4861Email: [email protected] Eligibility: http://dhss.alaska.gov/dpa/Pages/medicaid/default.aspx

ARKANSAS MedicaidWebsite: http://myarhipp.com/Phone: 1-855-MyARHIPP (855-692-7447)

CALIFORNIA MedicaidWebsite: Health Insurance Premium Payment (HIPP) Program http://dhcs.ca.gov/hippPhone: 916-445-8322Email: [email protected]

COLORADO Health First Colorado (Colorado’s Medicaid Program) & Child Health Plan Plus (CHP+)Health First Colorado Website: https://www.healthfirstcolorado.com/Health First Colorado Member Contact Center:1-800-221-3943/ State Relay 711CHP+: https://www.colorado.gov/pacific/hcpf/child-health-plan-plusCHP+ Customer Service: 1-800-359-1991/ State Relay 711Health Insurance Buy-In Program (HIBI):https://www.colorado.gov/pacific/hcpf/health-insurance-buy-programHIBI Customer Service: 1-855-692-6442

FLORIDA MedicaidWebsite: https://www.flmedicaidtplrecovery.com/flmedicaidtplrecovery.com/hipp/index.htmlPhone: 1-877-357-3268

GEORGIA MedicaidWebsite: https://medicaid.georgia.gov/health-insurance- premium-payment-program-hippPhone: 678-564-1162 ext 2131

INDIANA MedicaidHealthy Indiana Plan for low-income adults 19-64Website: http://www.in.gov/fssa/hip/Phone: 1-877-438-4479All other MedicaidWebsite: https://www.in.gov/medicaid/Phone 1-800-457-4584

IOWA Medicaid and CHIP (Hawki)Medicaid Website: https://dhs.iowa.gov/ime/membersMedicaid Phone: 1-800-338-8366Hawki Website: http://dhs.iowa.gov/HawkiHawki Phone: 1-800-257-8563HIPP Website: https://dhs.iowa.gov/ime/members/medicaid-a-to-z/hippHIPP Phone: 1-888-346-9562

KANSAS MedicaidWebsite: https://www.kancare.ks.gov/ Phone: 1-800-792-4884

KENTUCKY MedicaidKentucky Integrated Health Insurance Premium Payment Program (KI-HIPP) Website: https://chfs.ky.gov/agencies/dms/member/Pages/kihipp.aspx Phone: 1-855-459-6328Email: [email protected] Website: https://kidshealth.ky.gov/Pages/index.aspxPhone: 1-877-524-4718Kentucky Medicaid Website: https://chfs.ky.gov

LOUISIANA MedicaidWebsite: www.medicaid.la.gov or www.ldh.la.gov/lahipp Phone: 1-888-342-6207 (Medicaid hotline) or 1-855-618-5488 (LaHIPP)

MAINE MedicaidEnrollment Website: https://www.maine.gov/dhhs/ofi/applications-forms Phone: 1-800-442-6003TTY: Maine relay 711Private Health Insurance Premium Webpage: https://www.maine.gov/dhhs/ofi/applications-forms Phone: 800-977-6740TTY: Maine relay 711

MASSACHUSETTS Medicaid and CHIPWebsite: https://www.mass.gov/info-details/masshealth- premium-assistance-paPhone: 1-800-862-4840

MINNESOTA MedicaidWebsite: https://mn.gov/dhs/people-we-serve/children-and-families/health-care/health-care-programs/programs-and-services/other-insurance.jspPhone: 1-800-657-3739

MISSOURI MedicaidWebsite: http://www.dss.mo.gov/mhd/participants/pages/hipp.htmPhone: 573-751-2005

MONTANA MedicaidWebsite: http://dphhs.mt.gov/MontanaHealthcarePrograms/HIPP Phone: 1-800-694-3084

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NEBRASKA MedicaidWebsite: http://www.ACCESSNebraska.ne.gov Phone: 1-855-632-7633Lincoln: 402-473-7000Omaha: 402-595-1178

NEVADA MedicaidMedicaid Website: http://dhcfp.nv.gov Medicaid Phone: 1-800-992-0900

NEW HAMPSHIRE MedicaidWebsite: https://www.dhhs.nh.gov/oii/hipp.htm Phone: 603-271-5218Toll free number for the HIPP program: 1-800-852-3345, ext 5218

NEW JERSEY Medicaid and CHIPMedicaid Website: http://www.state.nj.us/humanservices/ dmahs/clients/medicaid/Medicaid Phone: 609-631-2392CHIP Website: http://www.njfamilycare.org/index.html CHIP Phone: 1-800-701-0710

NEW YORK MedicaidWebsite: https://www.health.ny.gov/health_care/medicaid/ Phone: 1-800-541-2831

NORTH CAROLINA MedicaidWebsite: https://medicaid.ncdhhs.gov/ Phone: 919-855-4100

NORTH DAKOTA MedicaidWebsite: http://www.nd.gov/dhs/services/medicalserv/medicaid/ Phone: 1-844-854-4825

OKLAHOMA Medicaid and CHIPWebsite: http://www.insureoklahoma.org Phone: 1-888-365-3742

OREGON MedicaidWebsite: http://healthcare.oregon.gov/Pages/index.aspx http://www.oregonhealthcare.gov/index-es.html Phone: 1-800-699-9075

PENNSYLVANIA MedicaidWebsite: https://www.dhs.pa.gov/providers/Providers/Pages/Medical/HI PP-Program.aspxPhone: 1-800-692-7462

RHODE ISLAND Medicaid and CHIPWebsite: http://www.eohhs.ri.gov/ Phone: 1-855-697-4347, or 401-462-0311(Direct RIte Share Line)

SOUTH CAROLINA MedicaidWebsite: https://www.scdhhs.gov Phone: 1-888-549-0820

SOUTH DAKOTA MedicaidWebsite: http://dss.sd.gov Phone: 1-888-828-0059

TEXAS MedicaidWebsite: http://gethipptexas.com/ Phone: 1-800-440-0493 UTAH Medicaid and CHIPMedicaid Website: https://medicaid.utah.gov/ CHIP Website: http://health.utah.gov/chip Phone: 1-877-543-7669

VERMONT MedicaidWebsite: http://www.greenmountaincare.org/ Phone: 1-800-250-8427

VIRGINIA Medicaid and CHIPWebsite: https://www.coverva.org/en/famis-select https://www.coverva.org/en/hippMedicaid Phone: 1-800-432-5924CHIP Phone: 1-800-432-5924

WASHINGTON MedicaidWebsite: https://www.hca.wa.gov/ Phone: 1-800-562-3022

WEST VIRGINIA MedicaidWebsite: http://mywvhipp.com/Toll-free phone: 1-855-MyWVHIPP (1-855-699-8447)

WISCONSIN Medicaid and CHIPWebsite: https://www.dhs.wisconsin.gov/badgercareplus/p-10095.htm Phone: 1-800-362-3002

WYOMING MedicaidWebsite: https://health.wyo.gov/healthcarefin/medicaid/programs-and- eligibility/Phone: 1-800-251-1269

To see if any more States have added a premium assistance program since October 15, 2021, or for more information on special enrollment rights, you can contact either:

U.S. Department of Labor Employee Benefits Security Administrationwww.dol.gov/ebsa1-866-444-EBSA (3272)

U.S. Department of Health and Human Services Centers for Medicare & Medicaid Services www.cms.hhs.gov 1-877-267-2323, Menu Option 4, Ext. 61565

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Women’s Health and Cancer Rights Act of 1998The Women’s Health and Cancer Rights Act, signed into law on October 21, 1998, contains protections for patients who elect breast reconstruction in connection with a mastectomy. For plan participants and beneficiaries receiving benefits in connections with a mastectomy, plans offering coverage for a mastectomy must also cover reconstructive surgery and other benefits related to a mastectomy.

The Women’s Health and Cancer Rights Act:• Applies to group health plans for plan years starting on or after October 21, 1998.• Applies to group health plans, health insurance companies or HMOs, if the plan or coverage provides medical and surgical benefits

with respect to a mastectomy.• Requires coverage for reconstructive surgery in a manner determined in consultation with the attending physician and the patient.

Under the Women’s Health and Cancer Rights Act, mastectomy benefits must include coverage for:• Reconstruction of breast on which mastectomy was performed• Surgery and reconstruction of the other breast to produce a symmetrical appearance.• Prostheses and physical complications at all stages of mastectomy, including lymphedemasUnder the Women’s Health and Cancer Rights Act, mastectomy benefits may be subject to annual deductibles and coinsurance consistent with those established for other benefits under the plan or coverage.

The law also contains prohibitions against:• Plans and issuers denying patients eligibility or continued eligibility to enroll or renew coverage under the plan to avoid the

requirements of the Women’s Health and Cancer Rights Act.• Plans and issuers providing incentives to, or penalizing, physicians to induce them to provide care in a manner inconsistent with

the Women’s Health and Cancer Rights Act.Group health plans, health insurance companies and HMOs covered by law must notify individuals of the coverage required by the Women’s Health and Cancer Rights Act upon enrollment and annually thereafter. If you would like more information on WHCRA benefits, please call Humana at 1-800-872-7207 for more information.

Direct Access to OB/GynsYou do not need prior authorization to obtain direct access to obstetrical or gynecological care from a health care professional in the network who specializes in obstetrics or gynecology. The health care professional, however, may be required to comply with certain procedures, including obtaining prior authorization for certain services, following a pre-approved treatment plan, or procedures for making referrals. For a list of participating health care professionals who specialize in obstetrics or gynecology, contact Humana at 1-800-872-7207 or log into your MyHumana account at www.humana.com.

Statement of Rights Under the Newborns’ and Mothers’ Health Protection ActIf a group health plan, health insurance company, or health maintenance organization (HMO) provides maternity benefits, it may not restrict benefits for a hospital stay in connection with childbirth to less than 48 hours following a vaginal delivery or 96 hours following a delivery by cesarean section.

You cannot be required to obtain preauthorization from your plan in order for your 48-hour or 96-hour stay to be covered. (However, certain requirements that you give notice to the plan of the pregnancy or the childbirth may apply.)

The law allows you and your baby to be released earlier than these time periods only if the attending provider decides, after consulting with you, that you or your baby can be discharged earlier.

In any case, the attending provider cannot receive incentives or disincentives to discharge you or your child earlier than 48 hours (or 96 hours). If your state has a law that provides similar hospital stay protections and your plan offers coverage through an insurance policy or HMO, then you may be protected under state law rather than under the Newborns’ and Mothers’ Health Protection Act.

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Republic Bancorp, Inc. Welfare Plan Privacy NoticeTHIS NOTICE DESCRIBES HOW MEDICAL INFORMATION ABOUT YOU MAY BE USED AND DISCLOSED AND HOW YOU CAN GET ACCESS TO THIS INFORMATION. PLEASE REVIEW IT CAREFULLY.

Each group health plan listed below (together referred to as the “Plan”) is required by law to maintain the privacy of protected health information, to provide individuals with notice of its legal duties and privacy practices with respect to protected health information, and to notify affected individuals following a breach of unsecured protected health information. The purpose of this Notice is to inform you of the Plan’s privacy practices.

You are receiving this privacy notice because you may be covered by at least one of the following type of Plan(s): Major Medical Plan Options and Medical Expense Reimbursement Plan under Welfare Plan

In connection with providing health benefits to you, the Plan receives and maintains medical and other information about you. The Plan is sponsored by Republic Bancorp, Inc. (the “Plan Sponsor”). The Plan Sponsor has hired Humana Insurance Company, Delta Dental of Kentucky, Sheakley, and Guardian to process claims and otherwise assist with Plan operations. The Plan Sponsor may also hire other service providers to assist with Plan operations. These service providers are called “business associates” of the Plan, and the Plan Sponsor requires that they agree to comply with the privacy laws regarding your protected health information. The Plan Sponsor or business associates may also assist with Plan operations as described below, and the Plan Sponsor and business associates will comply with the privacy laws with respect to your protected health information if they maintain or receive any such information.

The privacy laws do not apply to information maintained by your employer other than in connection with the Plan. Information provided to your employer by you or from another source that is in connection with sick or disability pay, a leave of absence, or a benefit plan that is not a health plan is not subject to these rules.

How The Plan Uses Your Protected Health InformationThe Plan may use and disclose your protected health information for the following purposes:• Claims Payment: The Plan may use or disclose your protected health information to process and pay a claim for services or

supplies covered by the Plan. The Plan may also provide eligibility information to your doctor or another provider who requests the information in connection with your treatment.

• Operation of the Plan: The Plan may use or disclose your medical information in connection with its normal operations and management, such as conducting quality assessment and improvement activities, underwriting or other activities relating to insurance in connection with the Plan, care coordination or case management, customer service, and fraud detection. However, genetic information cannot be used for underwriting purposes.

• Treatment Purposes: The Plan may disclose your medical information to your doctor, at the doctor’s request, in connection with your treatment. The Plan may also use your medical information to contact you to give you information about treatment alternatives or other health-related benefits and services that may be of interest to you.

• Disclosure Required by Law: The Plan must disclose protected health information to the U.S. Department of Health and Human Services in connection with an audit. The Plan may also disclose your medical information as required to comply with workers’ compensation laws, or as required by a legal proceeding, such as a court or administrative order or subpoena.

• To Your Employer: The Plan may disclose to your employer summary claims and other similar information if information that could be used to identify individuals has been removed. Such summary information does not disclose your name or other distinguishing characteristics. The Plan may also disclose to your employer whether you are enrolled in the Plan. The Plan may disclose your protected health information to the Plan Sponsor or to your employer for Plan administrative functions as long as the Plan Sponsor has certified that it will ensure the continuing confidentiality and security of your protected health information and that it will not to use or disclose your medical information for employment-related activities or for any other benefit or benefit plans of the Plan Sponsor or employer. The Plan Sponsor has amended the Plan to specifically allow this use for Plan purposes by the Plan Sponsor or your employer.

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• To Family Members: The Plan may generally disclose protected health information to a spouse or parent in connection with inquiries about plan benefits and claims payment. An individual (but not an un-emancipated minor) may ask that no such disclosure be made to family members, and the Plan will honor the request. The Plan may require a written authorization before making disclosures to a family member. A Plan may disclose protected health information to a family member, friend or other person, for the purpose of helping you with your health care or with payment for your health care, if you are in a situation such as a medical emergency and you are not able to give or withhold consent for the Plan to do this.

• Other Uses: The Plan may also use and disclose your medical information as follows: 1) The Plan may disclose protected health information to law enforcement officials, for research, or for public health activities as

permitted by the privacy laws. 2) The Plan may disclose protected health information about a deceased person to a coroner, medical examiner, or funeral director. 3) The Plan may disclose protected health information in the event of a serious threat to your health or safety or the health or

safety of others.

You Must Authorize Other Uses The Plan (including business associates providing services to the Plan and Republic Bancorp, Inc.) will not use or disclose your protected health information from the Plan for any purpose other than those described in this Notice unless you give the Plan written authorization to do so. With limited exceptions, the Plan must obtain your authorization for uses or disclosures of psychotherapy-notes, protected health information used for marketing purposes, and sales of protected health information. If you give written authorization, it must state the specific use you are authorizing, and in most cases you may revoke your authorization in writing at any time. Your revocation will not be effective to the extent that the Plan has already taken action in reliance on your authorization.

Individual Rights To See and Amend and Other Rights Regarding Health Information The law gives you certain rights regarding your protected health information used or maintained by the Plan, as follows:• You have the right to see and get copies of your protected health information, with limited exceptions. The Plan reserves the right

to impose a reasonable charge for repeat disclosures or numerous disclosure requests within one year.• You have the right to ask that the Plan communicate with you in another way to keep your protected health information

confidential. You can ask the Plan to communicate by a different means or at a different location than the Plan normally uses. The Plan does not have to agree to your request unless such confidential communications are necessary to avoid endangering you and your request continues to allow the Plan to collect premiums and pay claims.

• You may request additional restrictions on the Plan’s use and disclosure of your medical information. The Plan does not have to agree to your request. However, the Plan must comply with your request not to disclose information about any medical expense for which you paid in full for the services.

• You have the right to notice in the event of an unauthorized disclosure of your health information where there is a significant risk your information has been compromised.

• You may request a correction to your protected health information. The Plan will determine whether it is appropriate to correct your information in a particular circumstance.

• You may request an accounting of disclosures of your medical information by the Plan for the last 6 years. This accounting will not include disclosures for treatment, payment or Plan operations, disclosures to you, disclosures pursuant to your authorization, or disclosures for disaster relief, national security, or intelligence purposes.

• You may request a paper copy of this notice if you received this notice by e-mail or on the Internet.

Effective Date of this Notice This Notice is effective as of October 15, 2021. The Plan must comply with the provisions in this Notice until it is changed. The Plan reserves the right to change the provisions of this Notice at any time. If the Plan makes changes to this Notice, the Plan will send the changed Notice to all participants covered by the Plan at that time. The Plan may make the changes that apply to all protected health information it maintains, even information obtained before the effective date of the new Notice.

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Interpretation This notice is intended to comply with the privacy provisions of the Health Insurance Portability and Accountability Act (HIPAA). It is not intended to give individuals any greater rights than they have under HIPAA and it is not intended to give the Plan, employers or business associates any greater obligations than they have under HIPAA, and it shall be interpreted accordingly.

Complaints You have the right to complain to the Plan or to the Secretary of the U.S. Department of Health and Human Services if you believe that your rights regarding the privacy of your protected health information have been violated. You may file a complaint with the Plan’s Privacy Official (identified below). You will not be retaliated against if you choose to file a complaint with the Plan or with the U.S. Department of Health and Human Services.

If you want to exercise any of the above rights, contact the Privacy Official of the Plan, as described below.

Benefits Privacy OfficialFor more information about the Plan’s privacy practices or to take advantage of your rights as described in this Notice or to file a complaint, contact:

Holly HaggardVP-Benefits Manager601 West Market StreetLouisville, KY 40202(502) [email protected]

The Affordable Care Act The Affordable Care Act (ACA) added a requirement under the Fair Labor Standards Act (FLSA) for employers to provide a notice to employees informing them of health plan coverage options in the new Marketplace (referred to as the Exchange in the ACA) and how these are impacted by employer provided health coverage.What is the current status of health care reform?The health care reform law, which was signed by President Obama in 2010, is continuing to be implemented. Many requirements of the law have already taken effect and additional changes will continue to be introduced over the next several years.

Individual MandateWhat is the individual mandate?A new requirement called the individual mandate took effect on January 1, 2014. All U.S. citizens and legal residents, with a few exceptions, are required to have “minimum essential coverage” or pay a penalty. Enrolling in our medical coverage will meet this requirement.What is minimum essential coverage?Coverage under a medical plan offered by Republic Bank qualifies as minimum essential coverage. In addition, Medicare, Medicaid, and Tricare will also meet this standard.Who is required to have medical coverage?All U.S. citizens and legal residents, with a few exceptions, are required to have minimum essential coverage. Exceptions include individuals:• With religious objections• Not living in the United States• In prison• Not able to pay for coverage because it costs more than eight percent of their household income• Whose household income is below 100 percent of the federal poverty level• Who have a hardship waiver• Who are without coverage for no more than three continuous months in a calendar year

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What happens if someone doesn’t have medical coverage?• If you don’t have coverage during the year, the fee no longer applies. You don’t need an exemption in order to avoid the penalty. • If you’re 30 or older and want a “Catastrophic” health plan, you may want to apply for an exemption. See details about exemptions and catastrophic coverage.

Marketplace/ExchangeWhat is the Marketplace/Exchange?Health Insurance Marketplaces, or Exchanges as they are also sometimes called, are available in every state. Marketplaces allow people to compare and purchase health insurance. Federal subsidies are available to assist low to moderate income individuals in paying the premium for health insurance purchased through the Health Insurance Marketplaces. Eligibility for a subsidy is based on income. However, individuals who are enrolled in employer coverage or eligible for employer coverage that is “affordable” and provides “minimum value” are not eligible for the subsidy. Individuals can begin enrolling in plans available through the Marketplace on November 1, 2021 through December 15, 2021, and coverage under policies purchased through the Marketplace can begin on January 1, 2022. Can I go to the Marketplace and compare coverage there with our company’s benefits?Anyone can go to their State’s or the federal Marketplace website to review the coverage options and apply for coverage. Some people will be eligible for subsidies based on their annual household income if they are not covered by an employer health plan or offered employer coverage that is affordable and provides minimum value.Where can I get information about coverage available through the Marketplace in my state?Visit the website www.HealthCare.gov to find contact information for the Health Insurance Marketplace in your state.Will I be eligible for a subsidy to help pay for my health insurance?Federal subsidies are available to assist low to moderate income individuals in paying the premium for health insurance purchased through the Health Insurance Marketplaces. Eligibility for a subsidy is based on your family size and your household income.However, if you are enrolled in our company medical plan or are eligible for coverage through our medical plan, which provides minimum value and is affordable, you may not receive a subsidy if you purchase coverage through the Marketplace.

Health Insurance Marketplace Coverage Options and Your Health Coverage

PART A: General Information

When key parts of the health care law took effect in 2014, there became a new way to buy health insurance: the Health Insurance Marketplace. To assist you as you evaluate options for you and your family, this notice provides some basic information about the new Marketplace and employment-based health coverage offered by your employer.

What is the Health Insurance Marketplace? The Marketplace is designed to help you find health insurance that meets your needs and fits your budget. The Marketplace offers “one-stop shopping” to find and compare private health insurance options. You may also be eligible for a new kind of tax credit that lowers your monthly premium right away. Open enrollment for health insurance coverage through the Marketplace begins November 1, 2021 and runs through December 15, 2021 for coverage starting January 1, 2022. After this date, you can enroll or change plans only if you qualify for a Special Enrollment Period.

Can I Save Money on my Health Insurance Premiums in the Marketplace? You may qualify to save money and lower your monthly premium, but only if your employer does not offer coverage, or offers coverage that doesn’t meet certain standards. The savings on your premium that you’re eligible for depends on your household income.

Does Employer Health Coverage Affect Eligibility for Premium Savings through the Marketplace? Yes. If you have an offer of health coverage from your employer that meets certain standards, you will not be eligible for a tax credit through the Marketplace and may wish to enroll in your employer’s health plan. However, you may be eligible for a tax credit that lowers your monthly premium, or a reduction in certain cost-sharing if your employer does not offer coverage to you at all or does not offer coverage that meets certain standards. If the cost of a plan from your employer that would cover you (and not any other

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members of your family) is more than 9.5% of your household income for the year, or if the coverage your employer provides does not meet the “minimum value” standard set by the Affordable Care Act, you may be eligible for a tax credit.1

Note: If you purchase a health plan through the Marketplace instead of accepting health coverage offered by your employer, then you may lose the employer contribution (If any) to the employer-offered coverage. Also, this employer contribution -as well as your employee contribution to employer-offered coverage- is often excluded from income for Federal and State income tax purposes. Your payments for coverage through the Marketplace are made on an after-tax basis.

How Can I Get More Information? For more information about your coverage offered by your employer, please check your summary plan description or contact your Human Resources department.

The Marketplace can help you evaluate your coverage options, including your eligibility for coverage through the Marketplace and its cost. Please visit HealthCare.gov for more information, including an online application for health insurance coverage and contact information for a Health Insurance Marketplace in your area.

1 An employer-sponsored health plan meets the “minimum value standard” if the plan’s share of the total allowed benefit costs covered by the plan is no less than 60 percent of such costs.

PART B: Information About Health Coverage Offered by Your Employer

This section contains information about any health coverage offered by your employer. If you decide to complete an application for coverage in the Marketplace, you will be asked to provide this information. This information is numbered to correspond to the Marketplace application.

3. Employer Name

Republic Bank

4. Employer Identification Number (EIN)

61-0197400

5. Employer Address

601 West Market Street

6. Employer phone number

502-420-1804

7. City 8. State

Louisville, Kentucky

9. Zip code

40202

10. Who can we contact about employee health coverage at this job?

Holly Haggard

11. Phone number (if different from above) 12. Email address

[email protected]

Here is some basic information about health coverage offered by this employer:As your employer, we offer a health plan to: All employees. Some employees. Eligible employees are: Employees who are actively at work on a full-time basis working 37 1/2 hours per week and part time working 24 or more hours

per week and have met the eligibility requirements set forth by the Group.

With respect to dependents:We do offer coverage. Eligible dependents are:

Legally recognized spouse;The eligible employee’s child or their spouse’s child who is under age 26, including natural child, legally adopted child, child for whom the employee is a legal guardian of; or Any child over age 26 who is disabled and dependent on the employee.

We do not offer coverage.

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If checked, this coverage meets the minimum value standard, and the cost of this coverage to you is intended to be affordable, based on employee wages.

** Even though Republic Bank intends your coverage to be affordable, you may still be eligible for a premium discount through the Marketplace. The Marketplace will use your household income, along with other factors, to determine whether you may be eligible for a premium discount. If, for example, your wages vary from week to week (perhaps you are an hourly employee or you work on a commission basis), if you are newly employed mid-year, or if you have other income losses, you may still qualify for a premium discount.

If you decide to shop for coverage in the Marketplace, www.HealthCare.gov will guide you through the process. Enter the above noted employer information when you visit HealthCare.gov to find out if you can get a tax credit to lower your monthly premiums.

EMPLOYEE GUIDE TO 2022 BENEFITS

Documents

Transcript of EMPLOYEE GUIDE TO 2022 BENEFITS