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Retiree Benefits

Retiree Benefits

Baker Hughes provides both pre-65 and post-65 retirees with medical coverage options.

Retiree benefits

To be eligible for Retiree benefits, you must be at least 60 years of age and have at least 10 years of service, plus be covered in a Baker Hughes active Medical plan.

Note: You will not be able to make retiree medical elections until your retirement date is in effect and has been sent across to the Benefits Center via a Workday file feed.  

Retiree Medical benefits

You must be covered under an eligible Baker Hughes active Medical plan at the time of retirement to be eligible for either the Baker Hughes Retiree Medical plans or coverage through Via Benefits (our Benefit Advisor for post-65 retiree benefits). You can still enroll in an individual plan to supplement Medicare on your own. You can read the Retiree Medical SPD here.

Read the 2024 Retiree Benefits Guide to learn about your 2024 retiree Medical benefits.

  • If you enroll in a retiree Medical plan for 2024 for the first time, you will receive a Medical plan ID card. You can expect to receive your ID card before January 1, 2024.
  • If you are currently enrolled in Retiree Medical benefits, you will not receive a new ID card for 2024. You will continue to use your card from 2023.
Pre-65 Retiree benefits

Medical Benefit Options

If you and/or your dependent(s) are under 65 years of age, you have several coverage choices. All Medical plans are in the UnitedHealthcare (UHC) network. If you enroll in Retiree Medical coverage, you automatically receive prescription drug coverage. These are your medical plan options:

  • UHC Basic Choice Plus
  • UHC Catastrophic Choice Plus

If your ZIP code is outside the UHC Choice Network service area, you and/or your dependent(s) will be offered the out-of-area options.

  • UHC Basic Out-of-Area PPO
  • UHC Catastrophic Out-of-Area PPO
Post-65 Retiree benefits

Your Via Benefits benefit advisor will help you understand all of your options when selecting an individual Medicare supplement plan from the Medicare marketplace. While you will have a choice of different plan designs, all of the supplement plans that are available fall into one of these categories:

  • Medical coverage
  • Prescription coverage
  • Dental plans
  • Vision plans

Retiring

How to retire

As you consider retirement, if you plan to enroll in retiree benefits or have questions regarding your retirement coverage options, please contact the Baker Hughes Benefits Center at 1-866-244-3539, Option 1. If you are pre-65, go to https://bakerhughes.ehr.com to perform a retirement modeling which displays the retiree medical options and premiums. If you are post-65, go to https://my.viabenefits.com/bakerhughes to review the medical plans.

Don’t wait until the last minute to follow these steps:

  • Coordinate your retirement date to coincide with the last day of the month to make sure you have uninterrupted medical coverage.
  • Once you have decided on your retirement date notify Baker Hughes of your intent to retire.
  • Notification may be provided via email by sending a request to MyHR@bakerhughes.com.

For more information about retiring

Read the 2023 Retiree Benefits Guide here and the 2024 Retiree Benefits Guide here. You can also find additional information in the Frequently Asked Questions.

Levels of Coverage
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UnitedHealthcare (UHC)

Plan Overview Chart

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Related Benefits

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