Baker Hughes offers three Medical plans in 2019:

• Premium HSA – a high deductible health plan that offers an HSA. If you enroll in the Premium HSA, Baker Hughes will make a contribution to your HSA.
• Basic HSA – a high deductible health plan that offers an HSA. There is no company contribution to the HSA.
• Standard Plan – traditional medical plan with the option to enroll in a Health Care Flexible Spending Account (HCFSA).

We also offer Virtual Visits for employees to consult with a doctor by phone or video chat. And employees can elect supplemental medical insurance, including Critical Illness and Accident coverage. In 2024, employees can elect aHospital Indemnity Protection Plan.

All medical plans cover the same services and procedures; however, your deductible, coinsurance, and premium rates will vary for each plan option. 

These are the deductibles and out-of-pocket maximums.

Standard Plan:

• Deductibles: $750 individual, $1,500 family
  
• ‍Out-of-pocket maximums: $4,000 individual, $8,000 family

Premium HSA:

• Deductibles: $1,500 individual, $3,000 family*
  
• ‍Out-of-pocket maximums: $5,000 individual, $10,000 family

Basic HSA:

• Deductibles: $3,250 individual, $6,500 family
  
• ‍Out-of-pocket maximums: $6,500 individual, $13,000 family

*Increasing to $1,600/$3,200 on January 1, 2024.

Yes, if you enroll in the Premium HSA or Basic HSA you have the option of enrolling in a Health Savings Account. In addition, if you enroll in the Premium HSA, Baker Hughes makes a contribution:

• ‍$500 for Employee Only coverage
• $750 for Employee + Spouse coverage
• ‍$750 for Employee + Child(ren) coverage
• ‍$1,000 for Employee + Family coverage

If you are hired after January 1, the company contribution amount will be prorated based on your date of hire. However, if you are hired on or after November 1, there will not be any company contribution amount.

If you enroll in the Basic HSA, you will not receive a company contribution.

Yes. Baker Hughes offers both a Health Care FSA and a Dependent Care FSA. Baker Hughes does not contribute to either.

Each Medical plan option has Prescription Drug coverage. If you enroll in the Standard Plan, you pay a copay for generic medications. For preferred brand, non-preferred brand and specialty drugs, you pay a percentage of the cost that has a minimum and maximum amounts.

If you enroll in the Premium HSA or Basic HSA, you pay a copay for generic medications. For preferred brand, non-preferred brand and specialty drugs, you pay a percentage of the cost.

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