Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 27

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 27
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. Gain or loss realized on the sale, exchange or other taxable disposition of a note will generally be capital gain or loss and will be long-term capital gain or loss if at the time of the sale, exchange or other taxable disposition the note has been held by the U.S. Holder for more than one year. Long-term capital gains recognized by non-corporateU.S. Holders (including individuals) generally are subject to U.S. federal income taxation at preferential rates. The deductibility of capital losses is subject to limitations under the Code. Backup withholding and information reporting Information returns will be filed with the IRS in connection with payments on the notes and the proceeds from a sale or other disposition of the notes to certain non-corporateU.S. Holders. A U.S. Holder will be subject to U.S. backup withholding on these payments if the U.S. Holder fails to provide its taxpayer identification number to the paying agent and comply with certain certification procedures or otherwise establish an exemption from backup withholding. Backup withholding is not an additional tax. The amount of any backup withholding S-18

from a payment to a U.S. Holder will be allowed as a credit against the U.S. Holder’s U.S. federal income tax liability and may entitle the U.S. Holder to a refund, provided thatthe required information is timely furnished to the IRS. Tax Consequences to Non-U.S.Holders As used herein, the term “ Non-U.S.Holder” means a beneficial owner of a note that is not a U.S. Holder and is not a partnership. Payments of interest Subject to the discussions below concerning backup withholding and FATCA (as defined below), payments of interest on the notes by us or any paying agent to any Non-U.S.Holder that are not effectively connected with the Non-U.S.Holder’s conduct of a trade or business within the United States will not be subject to U.S. federal income or withholding tax, provided that:

| • |     | the Non-U.S. Holder does not own, actually or constructively, 10% or more                                                                                                                    
 of the total combined voting power of all classes of our stock entitled to vote, and is not a controlled foreign corporation related, directly or indirectly, to us through stock ownership; |

| • |     | the Non-U.S. Holder is not a bank whose receipt of interest on the notes 
 is described in Section 881(c)(3)(A) of the Code; and                    |

| • |     | the Non-U.S