To be eligible to make or receive contributions to an HSA, you must meet eligibility requirements:

• You must be covered by a high deductible health plan (HDHP). Caterpillar’s CDHP options qualify as HDHPs.
• You must not have other health coverage, such as coverage under a traditional health plan, Medicare or TRICARE.
• You or your spouse must not have a general-purpose health FSA (also known as a full-purpose FSA).
• You must not be claimed as a dependent on someone else’s tax return. If you are married, you are not considered a tax dependent of your spouse for this purpose.
• You must not have received VA Benefits in the previous 3 months. Contact HealthEquity Member Services at 844-311-9732 for additional information on your specific situation.

If you enroll in one of the CDHP medical plan options, you’ll be prompted to set up an HSA during the enrollment process. You’ll first need to answer a few questions to determine if you’re eligible for an HSA. If you are eligible, you’ll need to contact HealthEquity to set up the account.

Each year, together you and Caterpillar can contribute up to the IRS annual limit. If your spouse has his/her own HSA, your combined contribution totals are subject to the family contribution limit.

Caterpillar’s contribution is deposited in your paycheck in January, or as soon as administratively possible following your new hire enrollment.

HSA contributions are exempt from federal income taxes but may be subject to state taxation in some states. For more information, visit HealthEquity.com/Caterpillar or contact HealthEquity.

You may change your Health Savings Account contribution any time during the plan year. Mid-year contribution changes are effective the first day of the following month. Maximum HSA contributions are set by the IRS. It is your responsibility to ensure that your total contributions for the year do not exceed IRS limits. Consult your tax advisor for more information.

To make contribution changes, log into the Caterpillar Health Enrollment Center's website or call 1-833-735-2127.

It’s important to designate a beneficiary in the event that something happens to you. You can change your beneficiary elections at any time.

Health Care FSA
You can enroll in the general-purpose Health Care FSA if you’re enrolled in a traditional medical plan, such as the BCBS National or UHC Consumer Choice plan option.

If you’re enrolled in a high deductible health plan, such as a Caterpillar CDHP option, you can enroll in a limited-purpose Health Care FSA to be reimbursed for eligible dental and vision expenses, but not medical. The reason for this is because CDHPs include a Health Savings Account (HSA) feature that’s similar to a Health Care FSA and the IRS will only allow you to participate in one at a time.

Dependent Care FSA
You can enroll in the Dependent Care FSA regardless of your medical plan election.

Each year, you can contribute up to the IRS annual limit. You and your spouse may be limited in your Dependent Care FSA contributions if both contribute to a Dependent Care FSA.

You may change your FSA contribution amount during the annual enrollment period each fall. Changes go into effect the following January 1. You may only make mid-year changes if you experience a qualified life event, such as getting married or divorced, or adding a baby. If you experience a qualified life event, you’ll have 31 days to make changes to your FSA election. Log into the Caterpillar Health Enrollment Center's website or call 1-833-735-2127.