Basic, Perquisite, and Voluntary AD&D

2025 Administrator Change

The plan administrator for the Accidental Death & Dismemberment (AD&D) plans is changing from Chubb to Prudential on January 1, 2025. If you are enrolled in voluntary and/or perquisite AD&D there is nothing you need to do. Your existing coverage and beneficiary designations will automatically transfer to Prudential.

Basic Accidental Death & Dismemberment (AD&D)

Basic AD&D insurance pays a benefit equal to one times (1x) your benefits base pay up to a maximum of $500,000, in the event of your death or certain types of injuries resulting from an accident. You are enrolled automatically for this coverage and Baker Hughes pays the full cost.

Perquisite Accidental Death & Dismemberment (AD&D)

You have the option to purchase a Perquisite AD&D benefit from 1x to 3x your benefits base pay, rounded to the next higher $1,000 if not already a multiple thereof, up to $3 million ($6 million combined maximum with Basic AD&D insurance). This benefit is paid in addition to the Basic AD&D benefit.

Voluntary Accidental Death & Dismemberment (AD&D)

Voluntary AD&D insurance pays a benefit amount that you choose when you enroll. There are two categories to choose from: Employee Only or Employee + Family. Benefits are paid if you, your spouse or domestic partner, or your child(ren) die or suffer certain types of injuries as the direct result of an accident. The maximum benefit is up to five times (5x) your annual benefits base pay up to a maximum of $4 million. 

Dependent coverage

Based on the coverage levels above, if you elect dependent coverage, the benefits will be:

• Spouse/domestic partner only – 50% of employee coverage amount
• Child(ren) only – 15% of employee coverage amount, up to $20,000 per child
• Spouse/domestic partner and child(ren) – 40% of employee coverage amount for your spouse and 10% of employee coverage amount for your children (up to $20,000 per child)

If both you and your spouse or domestic partner are Baker Hughes employees

If both you and your spouse or domestic partner are Baker Hughes employees, each of you and any of your dependents can be covered only once under the Voluntary AD&D coverage. Coverage can be through you or your spouse or domestic partner or a combination of the two of you, so long as no person is covered more than once, including your dependents. 

Benefits base pay 

Benefits base pay means your base annual earnings, including any before-tax contributions you make through the benefits program. This does not include any overtime pay or bonuses. For certain benefit rate calculations, your benefits base pay is determined in either September, your date of hire or your transfer date, whichever is later.