U.S. HSA

A Health Savings Account (HSA) is a tax-advantaged savings tool that provides triple tax savings:

Contributions to your HSA can be made with pre-tax dollars through payroll deductions, which reduces your taxable income. Any after-tax contributions that you make to your HSA are also tax-deductible on your tax filing at the end of the year.
Interest and investment earnings on HSA funds grow tax-free.
Withdrawals from the HSA are also tax-free when used to pay for qualified healthcare expenses.
You can contribute to your HSA through payroll deductions, and Caterpillar will contribute “seed money” to your HSA.

Want to designate or change your beneficiary?

CLICK HERE for the HealthEquity HSA website

HSA vendor: HealthEquity
1-844-311-9732
HealthEquity.com/Caterpillar

Eligibility

Who is eligible for an HSA?

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 (CDHP). Caterpillar’s CDHP options qualify as CDHPs.
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.

Contribution Limits

Annual HSA Contribution Limits

Year	2023	2024
Employee only coverage	$3,850	$4,150
Family coverage (includes employee + spouse, child(ren) & family tiers: $7,300	$7,750	$8,300
During the year you turn 55 and every year after, you can contribute an additional amount	$1,000	$1,000

The limits include what Caterpillar contributes and what you (or anyone else) contributes to your account. Also, if your spouse has his/her own HSA, your combined contribution totals are subject to the family contribution limit.

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.

Payroll Contribution Changes

You may change your Health Savings Account contribution any time during the plan year. Mid-year contribution changes will not be effective until 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.

Disclaimer: An HSA is an individual custodial account that you establish with HealthEquity (or other financial institution) to be used for reimbursement of qualified medical expenses as set forth in Internal Revenue Code Section 223. An HSA is not an employee welfare benefit plan and is not subject to the Employee Retirement Income Security Act of 1974, as amended (ERISA). Caterpillar does not sponsor or administer your HSA.

Please note: Any funds sent for your account by you, your employer, or others on your behalf will be held and not deposited to your HSA until you have provided the required documentation to HealthEquity. Held funds will be automatically returned after 60 days if your documentation has not been received and verified by HealthEquity.