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Retiree Medical Benefits

Retiree Medical Benefits

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

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.

2021 Retiree Medical Benefits

Read the 2021 Retiree Medical Benefits guide to learn about your 2021 retiree medical benefits. If you enroll in a retiree Medical plan for 2021, you will receive a Medical plan ID card, even if you already have one for 2020. You can expect to receive your ID card before January 1, 2021.

For 2021 for the Pre-65 Retiree Basic Plan and Pre-65 Catastrophic Plan, the way you will pay when you see your primary care physician or a specialist is changing, and so is how you pay when you go to urgent care. Instead of paying a copay (a one-time flat fee each time you have a visit), you will pay coinsurance (a percentage of the total cost of the visit). This means that you may pay more out-of-pocket depending on how often you have visits. This also means that rather than paying for your visit at the time you see your doctor or go to urgent care, you may receive a bill in the mail with the cost of your visit. You will also be able to view your bill on myuhc.com. See the details in the 2021 Retiree Benefits Guide.

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

Click here to read the 2020 Retiree Benefits Guide, which includes charts of the medical benefit options, what’s covered and more information about out-of-area coverage.

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

Click here to read the 2020 Retiree Benefits Guide, which includes an overview of what types of plans are available to you through Via Benefits. For information about Medicare, go to medicare.gov. For more information regarding your retiree medical eligibility, funding and rates, please contact the Baker Hughes Benefits Center at 1-866-244-3539.

Retiring

How to Retire

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, if you plan to enroll.

  • Contact the Baker Hughes Benefits Center at 1-866-244-3539, option 1, if you are considering retirement or at least 90 days prior to your anticipated retirement date. The Baker Hughes Benefits Center will send you a Retiree Benefits Guide along with other important information.
  • Contact your supervisor/manager. It’s important to let your supervisor or manager know about your intent to retire.
  • Contact your local HR representative. Once you have decided on the date you would like to retire, you will need to notify your local HR representative.

For More Information About Retiring

Read the Retiree Benefits Guide. 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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