Page 6 Will I Be Taxed? In compliance with IRS regulations (section 127), employer-provided educational assistance is exempt from taxation up to a maximum of $5,250 per calendar year. Amounts over $5,250 may be exempt from taxation if the education qualifies as work-related education (section 132). Taxes will be assessed for non-qualifying work- related education if, at the time of payment processing, the Team Member’s total amount of tuition assistance paid in the calendar year exceeds $5,250. Please consult with your tax advisor for additional information. Would I Ever Need to Repay? Any Team Member who voluntarily terminates employment within 12 months of receiving education assistance will be required to refund UnityPoint Health 100% of the payments received within that time period on a pro- rated basis from the time of last payment and date of termination. Team Members are exempt from the work commitment if their employment is involuntarily terminated for reasons other than cause or performance. © 2023 Bright Horizons Family Solutions LLC. All Rights Reserved.