2018 BENEFITS SUMMARY - Benefits|Caterpillar

[Pages:2]Full-time management, support & non-bargained hourly employees,

2018 BENEFITS SUMMARY Solar Turbines employees & others eligible for the Employee Health, Life and Disability Benefit Program and Caterpillar 401(k) Savings Plan

Annual deductible

Traditional Health Plan Options

Blue Cross Blue Shield UnitedHealthcare

National (EPO)

Choice Plus (PPO)

You pay up to:

You pay up to:

$500 per individual

$800 per individual

$1,000 per family

$1,600 per family

Medical co-insurance In network, you pay 20%.

Consumer-Directed Health Plan Options

UnitedHealthcare

UnitedHealthcare

Consumer Choice (CDHP) Consumer Max (CDHP)

You pay up to:

You pay up to:

$1,500 for employee-only $3,000 for employee-only

coverage

coverage

$3,000 for employee +

$6,000 for employee +

spouse, child(ren) or family

spouse, child(ren) or family

coverage

coverage

In network, you pay 20%.

Office visits

Out of network, you pay 100%.

$20 co-pay for primary care

(in-network)

Out of network, you pay 50%.

$40 co-pay for specialist

(in-network)

You pay the full negotiated rate until you meet the annual deductible, then you pay co-insurance.

(regardless of deductible status)

On all plan options, you pay the full negotiated rate for ambulance and ER services until you meet the annual deductible, then

Emergency room and ambulance coverage

you pay co-insurance. For an ER visit, you also pay an extra $125 fee (BCBS EPO) or $100 fee (Choice Plus PPO), which is waived

if you're admitted. (No extra fees on the CDHP options.)

Maximum out-of-

You'll pay no more than:

You'll pay no more than: You'll pay no more than:

You'll pay no more than:

pocket limit (in-network only)

$2,000 per individual $4,000 per family

$3,000 per individual $6,000 per family

$3,000 for employee-only

coverage

$6,000 for employee +

$5,000 for employee-only

coverage

$7,350 per individual, up

spouse, child(ren) or family coverage

to $10,000 for employee +

spouse, child(ren) or family

coverage

Preventive care

No charge in-network

Prescription drug

Caterpillar Drug Formulary co-pays/co-insurance apply

benefits (administered immediately (in-network co-pays/co-insurance shown*):

by OptumRx)

Tier 0: $0

Medications on CDHP Preventive Drug List: Caterpillar Drug Formulary co-pays/co-insurance apply immediately.

Tier 1: $0 Walmart / Kroger or $5 Walgreens / CPRxN Tier 2: 20% co-insurance ($25 min / $60 max) Tier 3: 50% co-insurance ($75 min / $125 max) Tier 4: 50% co-insurance ($100 min / $200 max)

Other medications on the Caterpillar Drug Formulary: You pay the full negotiated retail price until you meet the annual deductible, then the Caterpillar Drug Formulary co-pays/co-insurance apply.

Tax-advantaged

General Purpose Health Care Flexible Spending Account Health Savings Account (HSA)

account options

Dependent Care Flexible Spending Account

Limited Purpose Health Care Flexible Spending Account

Dependent Care Flexible Spending Account

Annual Health Savings Account (HSA) seed amount from Caterpillar

Employee-only premium Employee + spouse premium Employee + child(ren) premium

Family premium

Not eligible for HSA

$125

$70

$313

$175

$250

$140

$438

$245

$250 for employee-only

coverage

$500 for employee + spouse,

child(ren) or family coverage

$45

$113

$90 $158

$500 for employee-only

coverage

$1,000 for employee + spouse,

child(ren) or family coverage

$25

$63

$50 $88

Deductibles, co-pays, co-insurance and maximum out-of-pocket amounts apply to covered healthcare services only. Premiums are shown as monthly amounts. You must establish your HSA with HealthEquity to receive company seed money. Employees hired Oct. 1 or after in a calendar year will not receive HSA company seed money for that calendar year. *Pharmacy network: Walmart, Kroger, Walgreens (and their affiliates) & Community Pharmacy Prescription Drug Network (CPRxN). Specialty medication network pharmacy is Magellan Rx.

If you choose to cover your spouse/partner on Caterpillar's plan instead of his/her employer's group plan, you'll pay a spousal surcharge of $145 per month in addition to your premium.

Full-time management, support & non-bargained hourly employees,

2018 BENEFITS SUMMARY Solar Turbines employees & others eligible for the Employee Health, Life and Disability Benefit Program and Caterpillar 401(k) Savings Plan

Dental Benefits (administered by Cigna Dental &

included with healthcare plan option)

? Dental annual maximum: $1,500 per person for participants age 18 and older (no annual maximum for participants under age 18)

? $50 individual / $100 family annual deductible for covered basic and major dental services (deductible doesn't apply to preventive services)

Coverage level

? 100%: eligible preventive dental service expenses, such as two annual cleanings and preventive x-rays

? 80%: eligible basic dental service expenses, such as fillings and extractions

? 50%: major dental services, such as crowns, bridges and dentures ? 50%: orthodontia, up to $1,500 lifetime max per person age 21 or

younger

Life Insurance (administered by MetLife)

? Basic term life insurance - No cost to employees who are non-tobacco users (tobacco users must pay a premium) - Equal to 2x your annual base salary

? Optional life insurance: 1x ? 8x annual base salary available at group rates; guaranteed issue within 31 days of hire for up to 2x annual base salary

? Spousal/dependent life insurance can be purchased at group rates ? Accidental Death & Dismemberment (AD&D)

Caterpillar 401(k) Savings Plan

? You can defer on a pre-tax or after-tax Roth basis up to 70% of eligible pay, not to exceed $18,500 for 2018 ($24,500 for age 50+) - You direct how your accounts are invested - Your contributions are fully vested when made

? Company match on your contributions: $1 for $1, up to 6% of pay (company match contributions are fully vested when made)

? Company-provided annual contributions of 3-5% (separate from company match) of eligible pay based on age and years of service - Annual contribution is 100% vested after 3 years of service - Eligibility for the annual contribution is dependent upon being employed on the last day of the plan year and having worked 1,000 hours during the plan year

? Automatic enrollment applies with the following default provisions unless you opt out during the first 30 days - Your base pay and incentive contribution rate will be set to 6% - Your contribution rate will automatically escalate by 1% each year until your contribution rate reaches 15% - Your investment election will be set at 100% to the Target Retirement Fund closest to the year you turn age 65

Vision Benefits (administered by VSP & included

with healthcare plan option)

? $20 co-pay for one eye exam per year ? $60 co-pay for one contact lens exam per year ? $160 benefit for frames every 2 years -OR- $140 for contacts (instead of

glasses) every year ? $20 co-pay for standard lenses once per year ? $20 co-pay for "medically necessary" contact lenses (designated by a

doctor in cases where a patient's vision cannot be corrected through the use of glasses)

Time Off with Pay

Caterpillar values the importance of work/life balance and provides employees with paid time off to be used within the calendar year.

Vacation

Your years of company service as of January 1 determine the amount of vacation for the respective calendar year:

? Less than 1 year: 1 day per month of service (10 days maximum) ? 1 ? 4 years: 13 days ? 5 ? 9 years: 18 days ? 10 ? 14 years: 21 days ? 15 or more years: 23 days Those who reach a 5, 10 or 15 year service anniversary during the year are eligible to receive a prorated portion of the additional week of vacation based on their date of hire. The additional vacation days are available on January 1 of that year. Vacation days cannot be rolled over into the next year. Employees are paid out for earned, unused vacation days at the time of separation.

Additional Days Off

? Floating holiday: 1 paid day per year for personal use at your discretion (please note the floating holiday is given at business unit discretion, otherwise Good Friday will be observed as a holiday)

? Volunteer day: 1 paid day per year intended to be used for volunteering

The floating holiday and volunteer day cannot be rolled over into the next year. Employees are not paid out for the floating holiday or volunteer day upon separation.

Holidays

Many Caterpillar locations observe the holidays listed below. For a listing of holidays observed at your location, speak with your local HR department.

? New Year's Day ? Martin Luther King Jr. Day ? Memorial Day ? Independence Day ? Labor Day

? Thanksgiving ? Friday following Thanksgiving ? Christmas Eve ? Christmas Day ? New Year's Eve

If the content of this communication or any representations made by any person regarding Caterpillar's employee benefit plans and programs conflict with or are inconsistent with the provisions of the governing documents, the provisions of the plan documents are controlling. To the fullest extent permitted by law, Caterpillar has reserved the right to amend, modify, suspend, replace or terminate any of its plans, policies or programs, in whole or in part, at any time and for any reason, by appropriate company action.

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