We have high quality and affordable health care plan options. In 2017, we negotiated changes to provide employees covered under the UAW Central Labor Agreement with the same Caterpillar health care plan options as our salaried and management employees. This was a win-win because Caterpillar has greater purchasing power and can keep premiums lower when we have more members covered under our plan. UAW-represented employees can choose from a variety of market-leading and comprehensive plan options that cover every stage of life.
There is power in numbers. If the 2017 UAW Central Labor Agreement had continued the former UAW health care plan instead of adopting Caterpillar’s health care plan, this is how the premiums would compare in 2023. By adopting Caterpillar’s health care plan with a much larger pool of participants, members can take advantage of greater purchasing power and lower premiums.