For Your Children

Optional Child Family Accident coverage is 15% of your coverage to a maximum of $50,000

For Your Spouse

Optional Spouse Family Accident coverage is 60% of your coverage

For You

You can elect coverage from $10,000 to $1 million in $10,000 increments, but no more than 10x your annual base salary

For You

LTD coverage replaces 60 percent of your annual base pay up to a maximum benefit payment of $12,000 per month.

So, if your base pay is $240,000 or less, you’ll have coverage that replaces 60% of your base pay up to $12,000 per month. However, if your base pay is over $240,000, your monthly LTD benefit will be capped at $12,000.

For Your Children

You must elect Optional Life for yourself first. The amount of coverage depends on the age of the child:

  • Age 14 days to 6 months: $100 per child
  • Age 6 months to 26 years: $5,000 per child

For Your Spouse

You must elect Optional Life for yourself first. Optional Spouse Life coverage is 50% of your Optional Life coverage, up to a maximum of $50,000

For You

You can elect one to four times your annual base salary, up to the maximum coverage of $1.5 million

For You

Basic Life Insurance is equal to two times your annual base salary (rounded up to the nearest $1,000), up to the maximum coverage of $1.5 million

Can I take my money with me if I leave Hess?

Yes. Your HSA belongs to you, but you will pay monthly account maintenance fees.

Can I use HSA money next year if I waive coverage?

Yes. You can continue to use the HSA money for eligible health care expenses. However, you cannot contribute to the HSA when you are no longer covered by a high deductible plan.

This website provides highlights of the Hess Corporation benefits plans and programs for 2020. If there is any discrepancy between the information provided on this website and the official plan documents, the official plan documents will govern. Hess reserves the right to amend or terminate the plans at its discretion at any time.