You will need to enroll in your Health & Protection and 401(k) benefits separately. Access is available 24 hours a day.
Call the Baker Hughes Benefits Center at 1-866-244-3539 (within the U.S.) or 1-847-883-0945 (worldwide). Health & Protection representatives are available Monday through Friday from 7:00 a.m. to 7:00 p.m. CST. 401(k) representatives are available Monday through Friday 7:00 a.m. to 9:00 p.m. and Saturdays 8:00 a.m. to 4:30 p.m. CST.
After you have completed your enrollment:
For Health & Protection: You will automatically receive an emailed confirmation statement. After the enrollment window has closed, a confirmation statement will also be mailed to your home address on file for your records. If you find any errors, contact the Baker Hughes Benefits Center immediately.
For the 401(k) Plan: You can print a copy of your confirmation statement.
You will receive a new ID card for your Medical plan for 2021. You will not receive a new ID card for the Prescription Drug benefit. You will receive an HSA debit card for the Health Savings Account if you’re enrolling for the first time. You will not receive an ID card for the Dental plan, Vision plan, Health Care FSA, or Dependent Care FSA.
You will be automatically enrolled in the Standard Baker Hughes Medical Plan with Employee Only coverage. The only other coverage you will be enrolled in is Basic Life/AD&D Insurance, Business Travel Accident Insurance and Disability Protection depending on your employment status. You will not be able to make changes to your benefits until next year’s Annual Enrollment unless you experience a Qualified Status Change.
If you are newly eligible to participate in the 401(k) Plan, you will be automatically enrolled in the 401(k) at a pre-tax contribution rate of 3% of your eligible pay with an automatic increase of 1% annually. You will be invested in a Target Date Fund based on your estimated retirement date. You will receive a mailed confirmation of your first enrollment election.
As a Baker Hughes employee, I understand that I may be eligible for Health and Welfare benefit coverage. Certain benefits are provided and paid for by Baker Hughes. Other plans and coverage levels require an employee contribution. Upon election of any level of coverage which requires an employee contribution via payroll deduction, I hereby authorize Baker Hughes to deduct the applicable contribution from my paycheck as required. I realize that premium amounts may be adjusted by the benefit providers/administrators or Baker Hughes, and that I will be notified in writing of such changes.
Baker Hughes accepts no liability or responsibility for paying any employee portion of premiums. Paychecks are prepared biweekly (26 paychecks in 2020 and in 2021). Depending upon timing of plan election, payroll deduction of retroactive premiums may be necessary. Failure to pay required premiums within the specified timeframe during the leave will result in termination of coverage.
If during the course of employment with Baker Hughes, I am approved for a Leave of Absence (LOA), I understand I will be required to pay my employee contributions for coverage in place prior to leave. Payment of these premiums for continuation of coverages will be deducted from my paycheck. If I am not receiving pay during the leave, the premiums will be direct-billed to you until you return to work.
Upon termination of employment, it may be necessary for Baker Hughes to deduct the remainder of any employee contributions for the current month’s coverages, in addition to any outstanding amounts.