LTD coverage replaces 60 percent of your annual base pay up to a maximum benefit payment of $15,000 per month.
So, if your base pay is $300,000 or less, you’ll have coverage that replaces 60 percent of your base pay up to $15,000 per month. However, if your base pay is over $300,000, your monthly LTD benefit will be capped at $15,000.
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: up to $5,000 per child
Age 6 months to 26 years: up to $20,000 per child
For Your Spouse/Partner
You must elect Optional Life for yourself first. Optional Spouse Life coverage is 50% of your Optional Life coverage, up to a maximum of $100,000 (evidence of insurability is required for amounts over $50,000).
You can elect one to four times your annual base salary, up to the maximum coverage of $1.5 million with a guaranteed issue amount of $1,000,000 with no evidence of insurability required
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 change my contributions?
You can change (increase, decrease, start or stop) your HSA contributions anytime.
Where can I get a reimbursement form?
Click here for the reimbursement form. If you have any questions, call myHR at 1-713-496-7600.
Must I be employed by Hess to be reimbursed?
Yes. In order for expenses to be eligible for reimbursement, they must be incurred while you are employed by Hess
If you leave Hess, any eligible expenses incurred but not reimbursed prior to your last day at work are not eligible for reimbursement