2011 US Guide

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Oct. 27-Nov. 17

2011 Benefi ts Guide

Inside

New Halliburton

Benefits Center!Rewired

Get Connected: Tricks of the Trade

Benefits Release: 2011 Changes

Answers to the Burning Questions

www.halliburton.com/totalrewards

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Rewired

Get Connected: Tricks of the Trade

Dear Mr. Know-It-All

Answers to the Burning Questions: Where to Go When

Exciting Changes Coming Soon to Your HalliburtonRetirement and Savings Plan

Benets Release: 2011 Changes

Sifting through the Options: 2011 Benets

Features

Inside By the Numbers Hot New Tool for 2011: Medical Plan Analyzer

Enroll | Save | Spend

In the Drivers Seat

Equation Life Happens

The List

Fast Forward

Mistakes from the Future

2011 Benefits Gui

YOUR NEW TOTAL REWARDS HOME PAGEpg. 4

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The Halliburton medical program is a self-fundedhealth plan. This means that Blue Cross Blue Shieldof Texas (BCBSTX) processes health claims using

network discounts it has negotiated. Then BCBSTXdeducts the claim costs from a Halliburton bankaccount. When the medical program experiences ahigher amount of claims in one year, it means thatwell all pay more the next year.

Making an impact on our costs for 2011 arechanges required due to the passage of the newhealth care reform law. While the changes arepositive for you and your dependents, they addto the costs of Halliburtons medical program.(See Dear Mr. Know-It-All on page 5 formore details about health care reform and whatHalliburton is doing to comply for the 2011

plan year.)

The projected price tag of the Halliburton healthand group benet programs in 2010 is $221 millionwith Halliburton paying $173 million and employeespaying $48 million.

We all share the responsibility of keeping claimcosts down. It not only saves Halliburton money,but it also saves you money, as well, since you paya percentage of the cost of the medical program.

BY THE NUMBERSHealth care costs are going up. Got you down?Us, too. Lets do something about it together.

RENew Halliburton Benefits Center and Total Rewards WebsiteWhen it comes to your benets, were minding the gap and improving servicequality. How? By moving the administration of your health and group benets fromHewitt Associates to Mercer and the administration of the Halliburton Retirementand Savings Plan to Fidelity Investments (Fidelity).*

These changes in benet administrators will generally provide you and yourfamily with:

Expert service

Enhanced tools and resources

A new Web portal with access to all of your new benet providers

Extended call centers hours (7:30 a.m. to 7:30 p.m. Central Time)

Cost-effective delivery of services.

During the transition of health and group benets and the retirement and savingsplan, you will learn about key dates to take action and other important information.Refer to Answers to the Burning Questions on page 6 and Exciting Changes areComing Soon to Your Halliburton Retirement and Savings Plan on page 8for details.

*The PRL Retirement and Savings Plan will be administered by Towers Watson

UK, effective January 1, 2011.

Heres how you can help:

Get your annual checkup and

wellness screenings. (Starting in2011, theyre covered at 100%without a co-pay in-network).

Dont use the emergency roomfor non-emergency care.

Ask your doctor to prescribe genericmedications or try switching from abrand-name medication to a genericmedication if one is available.

Be physically active.

Eat a healthy diet.

Manage your stress.

Quit using tobacco products.

Participate in the LiveWell program.

Employee Contribution

$48 million

How the$221 millionis spent

Halliburton Contribution

$173 million

VisionLife

AD&D Long-term Disability

Dental

Medical &Pharmacy

Where the$221 millioncomes from

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Get Connected: Tricks of the TradeHave you been dreaming of a cooler, more efcient,one-stop Web portal for your benets information? Here itis! You can start using the new Halliburton Total Rewardswebsite with the beginning of Annual Enrollment. Thesite is designed to provide you with secure, personalizedaccess to your health and group benets, your wealth, andyour Total Rewards.

To access the website for the first time, you will need to:

Go to www.halliburton.com/totalrewards.

Click on the Register Account button.

Enter your Social Security number.

Enter your last name.

Enter your date of birth (MMDDYYYY).

Now the website can verify that you are a Halliburton

employee. At this point, you will need to: Create a unique User Name of at least six characters.

Create a unique Password that consists of at leastsix characters, which must include a number anda letter.

Provide answers to two security questions in orderto automatically reset your User Name or Passwordif you forget it.

You can provide a preferred e-mail address whereyou want your benets information sent.

The preferred e-mail address will also be used tohelp you reset your account if you forget your UserName or Password.

Your initial login page looks like this:

Your new Total Rewards website home page:

Thats it. Now you can enroll in your 2011 health and group benefits.

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While many of these changesare favorable to you and yourdependents, there is a costassociated with them. In fact,experts agree that employercosts could rise as muchas 2% to 6% each year as a

result of this legislation.

2011 Benenfts Guide 05

Dear Mr. Know-It-All,Health care reform legislation was signed by President Obama on March 23,2010. In fact, the press made such a big deal about it, the date is burned inmany of our brains. That being said, what is the big deal? Does this impact myHalliburton medical program for 2011?

The short answer is: Yes. The explanation will take longer. Not as long as thelegislation itself, though, so dont worry.

At this point, its difcult to gauge the long-term impact of this law for Halliburton,our medical program offerings, and our employees as many provisions are noteffective until a few years down the road. That being said, heres an overview ofsome of the ways health care reform, as we understand it today, will affect theplan in 2011.

MEDICAL PROGRAM COVERAGE CHANGES

The new law outlines a number of provisions that will take effect when our newplan year begins on January 1, 2011. They include:

Dependent children will be eligible for coverage until their 26th birthday(this extended eligibility also applies to the dental and vision programs).This provision applies whether or not your child is married, attends schoolfull-time, lives with you, or is your tax dependent.

There will no longer be lifetime or annual dollar limits on coverage, so yourmedical program cant cap the total amount it will pay annually or duringyour lifetime.

In-network preventive services will be paid at 100% no co-pays.

CHANGES TO TAX-ADVANTAGED ACCOUNTS

There are also certain provisions that will affect the way you use your Health CareFlexible Savings Account (FSA) and Health Savings Account (HSA).

Starting with the new plan year on January 1, 2011:

If you participate in the Health Care FSA or HSA, you will no longer be ableto use money in your account for medicine or drugs that are not prescribedby a health care provider, except for insulin; over-the-counter drugs will nolonger be covered.

If you participate in the Health Savings Account and use the money fornonqualied expenses, you will pay a 20% penalty (instead of todays10% penalty).

Note:Starting in 2013, contributions to your Health Care FSA will be limited to$2,500 per year. So, you can continue to contribute up to the maximum amountof $5,000 per year until then.

LONGER-TERM CHANGES

Other provisions set to take effect over the next several years through 2018 may also have an impact on our costs and coverage. Some of the provisions youmay have heard the most about for example, a mandate that everyone havehealth insurance, and help for low-income individuals to buy insurance will nottake effect for at least three years.

Note:The information described herein is a summary of our understanding ofhealth care reform as of the date of print of this magazine. Clarications to healthcare reform continue to be made and if any of the information contained herechanges or additional guidance is issued, you will be notied.

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Answers to the Burning Questions:

Where To Go and WhenWhat do I do if I join Halliburton, have a QualifiedChange-in-Status event or want to change mybeneficiaries?

Dont stress about it. The process is really easy.

During Annual Enrollment

f you experience one of the events noted above between October 27 andNovember 17, 2010, you will want to do this first:

Step 1

Call the Halliburton Benets Center at Hewitt at 1-800-535-8130 during normalbusiness hours or log on to the Your Benets ResourcesTMwebsite athttp://resources.hewitt.com/halliburtonbenets to report your qualied change-n-status event (web changes are not available for all events), change yourbeneciaries or enroll in your new hire benets. Remember, you must enroll ormake changes for 2010 within 31 days from your hire date or the date of thequalied change-in-status event.

Step 2

Then, by November 17, 2010, you will want to do this, as well:

Contact the new Halliburton Benets Center at Mercer by calling 866-321-0964 (international use countrys AT&T access code) or 857-362-5980 or byogging on to www.halliburton.com/totalrewards to adjust your 2011 benetsaccordingly and ensure that your beneciary designations are correct.

After Annual Enrollment

f you experience one of the events noted above once Annual Enrollment isover, after November 17, 2010, but before December 31, 2010, you needo do the following two steps which are essentially the same as above, butome actions will not be available through the web. Please see the chart tohe right to help determine if the web is available or not.

Step 1

Call the Halliburton Benets Center at Hewitt at 1-800-535-8130 during normalbusiness hours or log on to the Your Benets ResourcesTMwebsite athttp://resources.hewitt.com/halliburtonbenets to report your qualied change-n-status event (web changes are not available for all events), change yourbeneciaries or enroll in your new hire benets. Remember, you must do thiswithin 31 days from your hire date or the date of the qualied change-in-statusevent.

Step 2

Then, within 31 days of your hire date or the date of the qualified change-in-tatus event, you will want to do this, as well:

Contact the new Halliburton Benets Center at Mercer by calling 866-321-0964international use countrys AT&T access code) or 857-362-5980 to adjust

your 2011 benets accordingly and ensure that your beneciary designatare correct.

You can add or change beneciary designations for your current BasicEmployee Life, Optional Employee Life, Basic Employee AD&D and/or yo

Optional Employee AD&D at any time. The 31-day rule does not apply to designation of beneciaries.

What is a Qualified Change-in-Status event?

Its when good or bad things happen in your life that make you want to cyour benet coverage or beneciaries. Here are some examples (well leato you decide whether theyre good or bad):

Have a new baby, get married or adopt a child

Get a divorce

Return from or begin an unpaid Leave of Absence

Have a dependent who gains or loses eligibility under another grouhealth plan, etc.

You are a rehired employee and it has been more than 31 days sinyour last separation

You are a newly hired employee

You transfer from a U.S. domestic assignment to a U.S. Expatriateassignment or vice versa.

What happens if I decline enrollment for myself or my dependents?

If you are declining enrollment for yourself or your dependents (includingspouse), you may be able to elect coverage in the future due to a qualiechange-in-status event. In addition, if you are declining enrollment foryourself or your dependents (including your spouse) because of other heinsurance or group health plan coverage, you may be able to enroll yoursand your dependents in this plan if you or your dependents lose eligibilitythat other coverage (or if the employer stops contributing toward your or

dependents other coverage). However, you must request enrollment with31 days after your or your dependents other coverage ends (or after theemployer stops contributing toward the other coverage).

In addition, if you have a new dependent as a result of marriage, a birth,adoption or placement for adoption, you may be able to enroll yourself ayour dependents. However, you must request enrollment within 31 days the marriage, birth, adoption or placement for adoption. To request specienrollment or to obtain more information, contact the Halliburton BenetCenter.

Refer to Exhibit A of the 2010 U.S. Health and Group Benefits Summary

Description for a general list of eligible Qualified Change-in-Status events

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The most common question that the Halliburton Benets Center receivesfrom employees during enrollment is What medical plan should Ichoose? By popular demand, we are excited to introduce a new tool thatwill help you make an informed decision.

Halliburton has partnered with a trusted, independent third-party healthcare data administrator, Thomson Reuters, to bring you the Medical PlanAnalyzer! This easy-to-use tool provides you with personalized health careand utilization information, and, in less than 10 minutes, you will be able to:

1. Review your current health care costs, including employee and

employer contributions, and costs for services2. Include any anticipated changes for the coming year that could

affect your health care costs

3. Update your health care preferences and see additional thingsto consider

4. Review, print and/or save your results.

In a nutshell, the Medical Plan Analyzer will assist you in deciding whichmedical plan should meet your needs and the needs of your family byusing all of your 2009 and part of your 2010 medical and prescription drug

Hot New Tool for 2011:

Medical Plan Analyzerclaims for the personalized analysis. The tool allows you to analyze whatimpact adding or deleting a dependent will have on your health care costsfor 2011. You can also analyze how the cost of using additional medicalservices, such as having a baby, would affect how much you will spend orsave based on the medical plan you choose. The tool will also show youhow much you can save in taxes by contributing to a Health Care FlexibleSpending Account or a Health Savings Account.

At Halliburton, your privacy is most important to us; therefore, none ofthe individual data presented in the Medical Plan Analyzer is reported backto the Company.

To learn how to maximize your tax savings and identify which medicalplan is best for you, log on to the Halliburton Total Rewards site. Whenyou start the Annual Enrollment process, click on the Medical PlanAnalyzer link. A new window will pop up, and you will be on your way toanalyzing your medical choices.

Please note that the first time you visit the Medical Plan Analyzer, a

Thomson Reuters End User License Agreement will appear. You should

read and accept this agreement in order to access this tool.

2011 Benenfts Guide

Annual Enrollment

October 27 to November 17, 2010

Halliburton Benefits Center at:

Hewitt Mercer

New Hire

Step 1 - 2010 Elections

Step 2 - 2011 Annual Enrollment (October 27 to November 17, 2010)Step 2 - 2011 Annual Enrollment (after November 17, 2010)

Qualified Change-in-Status Event

Step 1 - Update 2010 Benefits

Step 2 - Update 2011 Benefits

Beneficiary Changes

Step 1 - 2010

Step 2 - 2011

(Web)Legend:

Hewitt: Mercer:

(Phone)


Toll free: 866-321-0964

or 857-362-5980

http://resources.hewitt.com/halliburtonbenefits

Toll free: 800-535-8130

or 847-883-0702

*

*phone only - some permitted via web

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Exciting Changes areComing Soon to YourHalliburton Retirement

and Savings PlanWe are pleased to announce Fidelity Investments will become the new provider of recordkeepingservices for the Halliburton Retirement and Savings Plan (the R&S Plan) beginning January 1, 2011.This transition is part of an overall strategy designed to enhance benets delivery to participants andprovide improved tools and resources, all at a lower cost.

Fidelity provides 401(k) recordkeeping services to many of the countrys largest businesses and hasthe people, processes and technology to deliver high-quality customer service and retirement planningtools that we expect for our participants.

The transition to Fidelity will offer you several new and enhanced services, including:

Leading-edge online planning tools Take the guesswork out of saving for retirement withFidelitys easy-to-use online planning tools.

Expanded Halliburton Benets Center hours Experienced Fidelity representatives will assist youand answer questions you may have about your R&S Plan Monday through Friday from 7:30 a.m.to 7:30 p.m. Central Time.

Consolidated Fidelity accounts If you have a Halliburton Employee Stock Purchase Plan (ESPP)account or other personal accounts with Fidelity, you will be able to view all of your accountssimultaneously and access your accounts from the same Fidelity home page.

In addition, some things are not changing, for example:

No investment option changes Investment options and the investment rms managing theassets in the R&S Plan will remain the same, so your current retirement savings investmentstrategy will not be disrupted by the transition.

No change to the company match or basic contribution You will continue to receive companymatching and basic contributions just as you do today.

No change to other familiar plan provisions There are no planned changes to the enrollment,loan, hardship withdrawal or other basic plan provisions with which you have become familiar.

Take Note

In mid-November, you will be receiving a comprehensive Transition Guideincluding a description of new services, a timeline of important dates(including the opening date for the Benets Center) and web and phoneaccess information. The Transition Guide will also include informationregarding a short period of time at the end of December and beginningof January during which certain plan activities will be restricted; this is

called a blackout period. In early January, you will receive noticationwhen the transition is complete and your new access to Fidelity isavailable.

We are very excited about the changes ahead, and anticipate that you willbe pleased as the Halliburton Retirement and Savings Plan and Fidelitywork together to help you maximize your R&S Plan benets.

Keep in mind that investing involves risk. The value of your investmentwill uctuate over time and you may gain or lose money.

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Fidelity Investments welcomes Halliburton employeesbeginning January 1, 2011, as 401(k) provider ofrecordkeeping services. Be on the lookout for moreinformation about your 401(k) plan in mid-November.

Fidelity Brokerage Services LLC, Member NYSE, SIPC900 Salem Street, Smithfield, RI 02917 2010 FMR LLC. All rights reserved. 556743.2.0

Take control of your 401(k).

Let Fidelity be your guide.

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Coverage of adult children

You can cover adult children to the age of 26 as your eligibledependents in the medical, dental and vision programs, beginningJanuary 1, 2011. Your children are not required to live with you, belisted on your tax returns as a dependent, or be a full-time studentto qualify. Your childs spouse, domestic partner, or own childrenwill not be eligible for coverage. At the end of the month thatyour child reaches age 26, he or she will no longer be eligible forcoverage under the medical, dental and vision programs. Unmarrieddependents up to age 25 can be enrolled in Child Life and ChildAccidental Death & Dismemberment (AD&D) and do not need to befull-time students to be covered to age 25. Child Life and Child AD&Dwill end at the end of the month that your child reaches age 25.

End of over-the-counter drug reimbursements

Over-the-counter medications will no longer qualify as eligible forreimbursement in your Health Savings Account and Health CareFlexible Spending Account unless prescribed by a doctor. Insulin willcontinue to be reimbursable.

Spousal medical surcharge increase

The spousal medical surcharge will increase from $135 to $150

per month (not applicable to the HDHP). Remember, you pay anadditional monthly premium to cover an eligible spouse who hasactive or retiree medical coverage offered through his or her ownemployer or previous employers plan, but elects to be coveredunder Halliburtons medical program. The spousal medical surchargeapplies if your spouse accepts or declines his or her employercoverage.

Fully covered preventive care

Effective January 1, 2011, preventive care services will be coveredat 100% for in-network providers. This means that annual checkups,womens wellness visits and immunizations will not require you tomake a co-pay.

Benefits Release: 2011 Changes2011 will arrive with some changes to your benefit programs many of them

courtesy of the new health care reform law. Heres an overview.

End of annual and lifetime limits

Under the medical program, the annual and lifetime limits for thefollowing services have been removed:

Chiropractic services

Hearing aids

Skilled nursing facility

Home health care services

TMJ treatment

Bariatric (weight-loss) surgery

Wigs covered following chemotherapy if prescribedby a doctor

External breast prosthesis

Smoking cessation drugs.

Payroll deduction changes

As you are completing your Annual Enrollment, you will nowsee your payroll deductions for health and group benetcoverage reected on a per pay period basis versus on amonthly basis.

Bi-weekly paid employees (26 times per year) have beenaccustomed to having benet costs deducted 24 times a

year. Starting with your rst payroll in January 2011, yourbenet costs will be deducted 26 times per year.

End of lifetime maximums

There will no longer be a lifetime benet maximum ototal plan benets under the medical program. If youor any of your dependents previously reached a lifetibenet maximum, you can now re-enroll in one of themedical options offered. You will have until Novembe30 to re-enroll. Please note that this is an extensionfrom the November 17 deadline.

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Do you need a refresher on the health and group benetsthat Halliburton offers?

Are you thinking about making changes to your health andgroup benets for 2011?

If you answered YES to either of the above, then there is100% chance that youll want to read the information on tfollowing pages.

2011 Benenfts Guide

Sifting through the Options:

2011 Benefits

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Medical

Eligibility for a medical plan option is based on your

home ZIP code on file with the Halliburton Benefits Center.

Halliburton offers you a choice of medical plan options:

Preferred Provider Organization (PPO)

Deductible Medical Plan (DMP)

High Deductible Health Plan (HDHP)

HDHP Out-of-Area Plan.

The table to the right highlights key information about each

plan option, including deductibles and out-of-pocket costs.

Want help finding the best plan option for you and your

family? Log on to the Halliburton Total Rewards website

and use the new Medical Plan Analyzer to help you make

an informed decision as you sift through your 2011 Annual

Enrollment options.

Your 2011 Benets

The information on the followingpages provides important detailsabout your medical, dental, vision,life insurance, accidental death anddismemberment (AD&D) insurance,long-term disability (LTD) and ex

days programs.

PPO DMP HDHP

In-Network Out-of-Network* In-Network Out-of-Network* In-Network Out-of-Network* Out

% in this section represents the plan-paid percentages

Deductible $500 or $1,000 individual;Family 2X individual

$500 or $1,000 individual;Family 2X individual

$3,000 Individual /$6,000 Family

Out-of-PocketIndividual/Family

$2,750/$5,500

$8,250/$16,500

$2,750/$5,500

$3,000/$6,000

$6,000/$12,000

$$

Co-Insurance 80% 50% 80% 80% 100% 80%

Routine Office Visit

Primary/Specialist

$20/$30 50% after

deductible

$20/$30 80% after

deductible

100% after

deductible

80% after

deductible

10

de

Annual PhysicalExam

100% 50% afterdeductible

100% 80% 100% 80%

% in this section represents the participant-paid percentages % in this section represents the plan-paid pe

Retail PharmacyGeneric 30-daysupply

$15 100% afterdeductible

80% afterdeductible

10de

Retail PharmacyPreferred Brand30-day supply

25% with a min. of $25; max. of $100 100% afterdeductible

80% afterdeductible

10de

Retail PharmacyNonpreferred Brand30-day supply


80% afterdeductible

10de

Mail OrderPharmacy Generic90-day supply

$30 100% afterdeductible 80% afterdeductible 10de

Mail OrderPharmacyPreferred Brand90-day supply


80% afterdeductible

10de

Mail OrderPharmacyNonpreferred Brand90-day supply


80% afterdeductible

10de

SpecialtyPharmacy**

30% of total cost with a min. of $20; max. of $200 100% afterdeductible

80% afterdeductible

10de

*Out-of-Network subject to reasonable and customary limits.

**Minimum and maximum co-pay amounts depend on day supply.

DentalHalliburton provides two different dental plan options to

allow you to choose the plan option that fits your needs.You can choose the Dental Health Maintenance Organization

(DHMO), for those living in an eligible DHMO area, or the

Dental Preferred Provider Organization (DPPO).

The DHMO plan provides benefits through network dentists

only, except for emergency dental care. You must choose a

primary dentist for you and your covered dependents. The

DPPO allows you to choose any dentist, whether in or out of

network, although out-of-network services may cost more.

Benet Provisions DHMO DPPO

Individual Deductible None $50

Preventive Services Covered in full Covered in full

Basic Services Co-pay structure 80% after deductible

Major Services Co-pay structure 50% after deductible

Orthodontia/Lifetime Maximum Co-pay structure/24-month treatment 50%/$1,500

Annual Maximum None $1,500

Medical

Dental

Sifting through the Options:

2011 Benefits

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VisionThis group program helps cover the cost of routine eye c

expenses such as exams, contact lenses and eyeglasses

you and your eligible dependents.

LifeThe Group Term Life Insurance plan provides financial

protection for you and your family. Basic Employee Life

Insurance provides a Company-paid benefit of one time

your annual benefit base pay (For more information on

annual benefit base pay, see Did You Know on page 26)up to $50,000. If you want extra financial security, you h

the opportunity to purchase additional life insurance for

yourself, spouse and children.

Long-Term Disability (LTD)The Halliburton LTD insurance plan is designed to repla

a percentage of your pre-disability income if you are

disabled and cannot work for an extended period of time

due to illness or injur y. Halliburton provides LTD covera

equivalent to 40% of your annual benefit base pay at no

cost to you. You may increase your coverage to extend

your Company-paid benefit to either 50% or 60% of yo

annual benefit base pay, subject to Evidence of Insurabi

(EOI) requirements. The maximum LTD benefit is $25,00

a month.

Accidental Death andDismemberment (AD&D)The Company provides Basic AD&D equal to one times

your annual benefit base pay, up to $200,000. You have

the choice of purchasing additional AD&D insurance for

yourself, spouse and children.

Coverage Optional Life Insurance

Employee* Increments of 1 to 6 times annual benefit base pay, up to $3 million including thebasic coverage.

Spouse* $10,000 or from 1/2 to 3-1/2 times employee's annual benefit base pay. Coveragecannot exceed the lesser of the employee coverage amount (including basic coverage)or $250,000.

Child(ren) under age 25 $10,000

*May require evidence of insurability (EOI)

Coverage Accidental Death and Dismemberment (AD&D)

Employee In increments of $50,000 from $50,000 to the lesser of $1 million or 10 times yourannual benefit base pay

Spouse $50,000 increments from $50,000 to the lesser of $1 million or 10 times employeesannual benefit base pay (cannot exceed employee coverage amount)

Child(ren) under age 25 $50,000

In-Network Out-of-Network

Eye Exam 100% after $10 co-pay Up to $36 after $10 co-pay

Prescription Glasses*LensesSingle VisionLined BifocalLined Trifocal

100% after $10 co-pay Up to $28 after $10 co-payUp to $45 after $10 co-payUp to $56 after $10 co-pay

Frames Up to $130 allowance after $10 co-pay, 20% discountoff amount over allowance

Up to $45 after $10 co-pay

Contact Lenses*

instead of prescription glasses(not medically necessary)

Up to $130 allowance for contacts and contact lens

exam (fitting and evaluation to ensure the proper fit ofcontact lens materials)

Up to $105 allowance

Medically Necessary Contact Lenses** 100% after $10 co-pay when specific criteria is met Up to $210 after $10 co-paywhen specific criteria is met

Laser Vision Correction Avg 15% discount off laser surgery through VSPcontracted facilities

Not covered

*One pair of prescription glasses or contacts every plan year, beginning in January, but not both in the same year.

**These conditions include aphakia, anisometropia, high ametropia, nystagmus, keratoconus and correction of extremevisual acuity problems that are not correctable with glasses, and following cataract surgery.

Flex DaysHalliburton provides you the opportunity to purchase ex

days off, if eligible. These extra days are in addition to th

regular vacation days for which you may be eligible. If

you do not make any changes to your Flex Days election

your 2010 elections will automatically carry over for 201

Because your need for time off may vary from year to

year, its important to review your election during Annua

Enrollment and make any necessary changes. Before yo

elect to purchase Flex Days, please discuss your plans

with your manager to avoid scheduling conflicts. It is ve

important to track your Flex Days, as well. Any unused F

Days remaining at the end of the year will be forfeited.

Vision

Life

Accidental Death and Dismemberment (AD&D)

2011 Benenfts Guide

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Enroll | Save | Spend

Manage your health care and dependent day care costs with tax-free dollars through Flexible Spending Accounts (FSAs) and HealthCare Spending Accounts (HCSAs) or Health Savings Accounts(HSAs). These accounts are an affordable way to pay for eligible

dependent day care and health care expenses. Starting in 2011,over-the-counter drugs, except insulin, are no longer eligible forreimbursement without a prescription due to health care reform.

Beginning in January, the Health Care FSA, HCSA and DependentDay Care FSA will be administered by PayFlex. You will receive a newPayFlex MasterCard debit card that will be mailed to you the weekof December 13. Your current 2010 YSA debit card will no longerbe eligible for use in 2011. If you are enrolled in the Dependent DayCare FSA, you will now have access to a PayFlex debit card. Yourdependent day care provider needs to accept MasterCard debit cardsand be identied as a child care provider for merchant processingpurposes.

Enroll in a Flexible Spending Accountor a Health Savings Account | Savepre-tax dollars | Spend the money oneligible expenses

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Eldercare Marriage and Family Issues

Legal Concerns Death/Grief Parent/Child Re

Alcohol and Drug Problems Personal Trage

Communication Separation and Divorce Str

Worry and Guilt Financial Problems Depres

Employee Assistance Program

281-575-3200 or 866-761-4540

http://halworld.corp.halliburton.com/eap

For lifes

challenges

at home

and at

Halliburton

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Dont know what to do?

Call the experts.

Halliburton Benefits Center866-321-0964

(international use your AT&T country access code)

or 857-362-5980

Weekdays, 7:30 a.m. - 7:30 p.m. Central Time


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In the Drivers SeatThe High Deductible Health Plan (HDHP) puts you in the drivers seat.

The HDHP lets you control the costs of your health care. Through a lowerpremium and higher deductible compared to more traditional health plans,you are encouraged to shop around for the best, and most affordable,care.

In the HDHP, you pay a lower monthly contribution with no spousalsurcharge. Then, you pay any medical, prescription drug and mentalhealth/ substance abuse expenses during the plan year until you meet

your annual deductible: $3,000 employee only or $6,000 employee-plus-dependent(s).

Pick up some speed

After your deductible is met, the HDHP pays 100% of claims for in-network providers or 80% of claims for out-of-network providers (subjectto reasonable and customary limits) or 100% of claims for the HDHPOut-of-Area (subject to reasonable and customary limits).

Riding shotgun: Your HSA

By adding a health savings account (HSA) to your HDHP, you get medicalcoverage plus a savings account that provides tax advantages with norisk of forfeitures. The HSA is a tax-free savings account owned by anindividual, and it may be used to pay for qualifying medical expenses

for you and your family. You can decide how much you would liketo contribute, when and how to spend the money on eligible medicalexpenses, and how to invest the balance.

Combining the HDHP and HSA makes for a more interesting, cost-effective journey:

The HSA allows for tax advantages when you make pre-taxcontributions to the Chase HSA. (If you make after-tax contributionsto an HSA sponsored by any other institution, you can claim thedeposits as a deduction when you le your income tax return.)

When your funds grow, the earnings are tax-free (and you have theoption of specifying how you want your funds to be invested).

When you spend HSA funds on qualied medical expenses, you will

not pay taxes on those dollars.HSA roadmap

Payroll deductions allow you to make automatic, pre-tax contributionsto a Chase HSA (or you can set up an HSA through your own nancialinstitution and make tax-deductible deposits). At the end of each year,the balance will remain in the account; you do not forfeit unspent funds.You may make changes to your HSA contribution at any time during theplan year. You do not have to experience a Qualied Change-in-Statusevent to adjust your contribution amount.

If you were contributing to a Chase HSA through payroll deductions for2010, your contribution elections do not roll over to 2011. You mustproactively make your 2011 contribution elections. However, changes in

the amount of your HSA contribution can be made at any time during theyear through the Halliburton Total Rewards website.

Repeat destination:

If you have already opened a Chase HSA for 2010, make your 2011contribution election on Halliburton Total Rewards.

No further action is needed on the Chase website.

Trying something new:

If you have not opened a Chase HSA for 2010, you will need to doso for 2011 in order to receive the Halliburton contribution (seebelow).

Please make your 2011 contribution election on Halliburton TotalRewards along with your other Annual Enrollment elections.

Money down

Thinking of opening an HSA with Chase? Halliburton is offering an annualprorated contribution of $250 or $500 to help get you started. Halliburtonwill make a contribution to all HSA-eligible employees who enroll in theHDHP and elect to have an HSA with Chase.

Employees electing individual coverage will receive annual contributionstotaling $250, and employees electing family coverage will receive $500.These contributions are prorated based on the number of pay periods youwill have in 2011 and will be deposited into your HSA each payroll period.The Company contribution is not available if an employee opens an HSAwith a nancial institution other than Chase.

HSA road rulesEligibility requirements for the HSA:

Must be paired with the HDHP (only available to those whoelect the Halliburton HDHP).

Insured cannot be covered by any other health insurancecoverage or participate in the General Health Care FSA.

Insured cannot be enrolled in Medicare.

Insured cannot be claimed as a dependent on anyones taxreturn.

HSA 2011 contribution limits (keep in mind that this willinclude the Halliburton contribution):

Individual, $3,050

Family, $6,150

If you are 55 or older, you can deposit up to anadditional $1,000.

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Build your own healthcare nest egg

Earn important tax advantages

Easy to manage, easy to use

Unused funds are yours to keep

Easy pre-tax payroll deductions

now available

Take the right course:

start saving for future

healthcare expenses today

Yourhealthcare

dollars willgo farther

2010 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A, Member FDIC

when you open a Chase

Health Savings Account

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s simple math: Live + Well = LiveWell. Our LiveWell initiatives can help you adopt healthierabits, maintain the ones you have in place, or take an existing healthy routine to the nextvel. You can work to end a family cycle of disease such as Type II diabetes, high bloodressure or obesity. You can run that 5K youve been thinking about. You can take on a newhysical challenge that may have seemed impossible. You can quit using tobacco. We knowecause we have the support systems in place to make all of this happen.

festyle Management Programs

We know that two is still better than one. Thats why our LiveWell lifestyle managementrograms from Nationwide Better Health pair you with an expert to help you reach youroals. Through free, condential, over-the-phone sessions, your coach will help you set

alistic goals targeting improvement in key areas of your health. Youll get the support,ncouragement and expert guidance you need.

peaking out: The Wellness Champions

alliburton Wellness Champions are co-workers who volunteer to keep you informed ofellness initiatives and encourage a culture of health at Halliburton. How did they becomehampions? By dedicating themselves to living well:

Settingaside timeto do the LiveWell program justice

Talkingabout the wellness programsevery chance they get

Leadingby examplewith participation in the programs.

o identify the champions in your location, e-mail the Wellness functional mailbox [email protected].

Monthly Webinarssimple formula to wellness is setting aside the third Tuesday of every month, at 1 p.m.entral Time, to attend an online webinar. These lively webinars focus on a wide rangehealth-related topics, such as physical activity, improving your eating habits, wellness

vestments under $100, preventing cardiovascular disease, stress management and more.or more information, check in the Todaynewsletter and on HalWorld.

veWell Wellness Challenges

just 30 to 90 days, you can win a healthier lifestyle. These challenges last from one to threeonths, with a specic challenge set out from Day One. Participants receive information about

hysical activity, selecting healthy foods and making better life and health choices overall.

ealth Risk Assessments (HRA)

ou may have lived for 20, 30, 40, 50 or more years, but you probably dont know your bodys well as you think you do. Taking the HRA helps you record your numbers (like weight,holesterol, blood pressure). Youll nd out what it all means for your health, and youllmerge with the knowledge to strengthen your life and LiveWell.

iometric Screenings

picture is worth a thousand words. Thats the idea behind health screenings givingou a quick picture of your overall health, and helping detect problems so that you canke appropriate measures. Think of these tests and numbers as a vital part of your healthanagement strategy.

ee? It all adds up. So, what are you waiting for? Unless youre reading this guide on aeadmill, visit LiveWell, nd the right healthy living formula and get started today!

EquationLife happens. Do you have the styleto make it longer and happier?

Healthy eatingLearn important skills for healthy eating, includingplanning meals and snacks, shopping for food, cookinand making the best choices when eating out. You wilout how portion control, counting fat grams and usingfood diary can help you develop healthier eating habit

Stress managementAnyone can feel like their life is out of shape. Stress-management training will provide you with relaxationtechniques and skills for time management, assertivecommunication, goal setting and additional skills to heyou feel more in control of your life.

Physical activityWhether youre just getting started, trying to step it upnotch or you want to maintain your current healthy haLiveWell can help. Learn how to develop a safe, effecttness program that balances calorie-burning cardiowith strength training and stretching. Use the online o

printable exercise diary with a simple point system to you record your activity and keep you motivated.

Tobacco cessationIf you use tobacco, quitting is the best thing you cando for your health. If youre ready, youll set a quit datwithin about 30 days and develop a plan to deal with ytriggers to use tobacco. You can learn about nicotinereplacement therapy and other drug therapy options tmight be right for you. Strategies for preventing slips and dealing with them if they occur help you succee

Weight management

Youll learn how to lose weight through healthy eatingand regular exercise. Youll also learn about the healthproblems associated with being overweight and why dyouve tried in the past havent worked for you. And yoget tips on the hardest part: keeping it off for good.

Sleep apneaGetting a good nights sleep is next to impossible forpeople who have sleep apnea a condition in which, wsleeping, you stop breathing for more than 10 secondat a time. This program will provide you with proventechniques that can help you sleep soundly.

Team up in the followinglifestyle management programs:

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Weight ManagementDiets are temporary. Healthy weight losss permanent. With this program, you can

ose weight and learn how to keep it offwith health habits that become your newway of life.

Tobacco CessationQuit for life, quit for good. We knowquitting a tobacco habit isnt easy. We canhelp turn the possibility into reality.

Physical ActivityFeeling lethargic? Energize your life.You can learn how to put energy back intoyour life by learning physical activities thatead to a more energized you.

To get started on your path

toward a healthier life, take the

online HRA and get a personal

health profile that will help you

and your coach understand

your health.

Then, based on your results and

needs, you can enroll into

a lifestyle management program.

For more information, call

866-724-8901 or log on to

www.halliburton.com/totalrewards.

Healthy EatingLove food? Learn how to improve youreating habits. You will learn the right foods

to eat and the correct way of eating.

Stress ManagementControl your stress control your life.We know managing stress isnt easy andwe can help turn the possibility intoYOUR reality.

Sleep ApneaA full nights sleep is not a luxury itsa basic necessity for healthy hormonebalance. Once you dip below seven hoursa night, you are increasing your risk ofdiabetes, cancer, heart disease, stroke,depression and obesity.

Health Risk Assessment (HRALog on to a healthier life.

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1. Read ENROLLmagazine and attend an Annual Enrollment presentation at your location Human Resources representatives can provide you with a time and place. If you cantattend a presentation, a recorded version will be available on HalWorld.

2. Consider your benet options, and their costs, and discuss these with your family; dontjust default to what you have in 2010.

3. Use the online tools, such as the Medical Plan Analyzer, found atwww.halliburton.com/totalrewards, to help you make your selections.

4. Conrm the eligibility of your dependents and update their Social Security numbers.

5. Conrm the spousal medical surcharge, if applicable.

6. Verify your mailing address, e-mail address, home phone number, and beneciaryinformation.

7. Complete your Health Risk Assessment and receive a $100 deductible credit in 2011.

8. Verify tobacco-user status for you and your covered spouse.

9. Make your elections before November 17 or your current 2010 elections will carry overinto 2011 with the following exceptions: Health Savings Account elections do not rollover or where available options may have changed.

10. Print your conrmation page (if enrolling online).

Top 10 things to do between Oct. 27 and Nov. 17

Fast ForwardTake control of your future by utilizing these web resources.

Find these tools at www.halliburton.com/totalrewards

Benefits tool What you can do with it

Plan compare For each of the medical, dental and vision plan options available for 2011, compare the

coverage, co-pays, deductibles and other important features.

Medical Plan Analyzer Use your actual claims history to nd the best medical plan option for you and your

family. Dont worry; the data used in this tool is kept condential.

Plan resources Access the Health and Group Benets Summary Plan Descriptions, which provide

in-depth details about the plan provisions.

Online chat and e-mail Obtain real-time answers to your questions about the health and group benets offered

for 2011 by chatting online with a Halliburton Benets Center representative, or, if youprefer e-mail, send a message to a representative.

Health Risk Assessment (HRA) Record your numbers like weight, cholesterol, blood pressure to get a picture of

your health.

Life and Long-Term Disability

(LTD) insurance estimators

Estimate your life insurance and LTD needs.

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Halliburton iscommiedto promoting

healthy lifestyles.

Tobacco-free employeeswill receive a 20% medicalpremium discount forremaining tobacco-free.To qualify for thenontobacco-user discount,

you must certify that you andyour spouse have not used any

tobacco products sinceDecember 31, 2009, and that

you and your spouse willcontinue to refrain from usingany tobacco products while

you are receiving thenontobacco-user discount.is certification is subject toHalliburtons Code of BusinessConduct.

Certain exceptions may beavailable if it is unreasonablydifficult or medicallyinadvisable for you to quittobacco. If you currently usetobacco products, Halliburtoncan help you quit with aselection of tobacco-cessationprograms.

eliminatetobacco.

savemoney.

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Incentive for Completing Your

Health Risk Assessment

When you take the Health Risk Assessment (HRA) at www.halliburton.com/totalrewards between

October 27 and November 30, 2010, youll receive a $100 per employee credit toward your 2011 annual

deductible if you enroll in a Halliburton-sponsored medical plan option.

Taking the HRA makes good sense for your budget and your life. The path to good health starts with

assessing your lifestyle and making positive behavioral changes.

This is a confidential assessment in which you answer questions about your health, lifestyle and readiness

for improvement. The information you provide will help the program identify your health risk factors and

assess your likelihood of developing chronic conditions such as heart disease, high blood pressure anddiabetes. Upon completing the HRA, you will receive a report that outlines your personal results.


$100

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Knowing the numbers for your blood

pressure, glucose, cholesterol, body

mass index and body composition is an

important rst step in understanding

how to make smart decisions about you

health. In fact, your numbers can help

you nd out if you have certain health

risks. Our LiveWell program can help

you learn your numbers, meet with a

health educator and put a plan together

address your risks. Take charge of your

health today log on to www.halliburto

com/totalrewards to take your health ris

assessment or call 866-724-8901 for

more information.

Know YourNumbers

2011 Benenfts Guide

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DID YOU KNOW?

Mistakes fromthe Future

You try to get Flexible Spending Account (FSA) or Health SavingsAccount (HSA) reimbursement for over-the-counter medications.

Over-the-counter medications (such as aspirin and cold and allergy drugs)cannot be reimbursed through an FSA or HSA without a prescriptionbeginning January 1, 2011. You can still be reimbursed through an FSAor HSA for insulin. You may submit claims to your FSA for over-the-counter medications purchased in 2010 until March 31, 2011. You mustbe reimbursed by your HSA for any over-the-counter medications beforeJanuary 1, 2011.

You call the Halliburton Benefits Center at Hewitt to enroll in

2011 benefits.

During Annual Enrollment, all employees need to enroll through the newHalliburton Benets Center at Mercer. You can do so by calling1-866-321-0964 or visiting the Halliburton Total Rewards website atwww.halliburton.com/totalrewards.

Please refer to page 4 for information about logging in to the newHalliburton Total Rewards website for the rst time.

You fail to enroll your 25-year-old child under the medical program for2011.

As part of health care reform law, you can now cover your children up to

age 26 under your medical, dental and vision programs beginning January1, 2011. The child does not need to live in your household to be covered,but he or she does need to be a legal child or step-child. Your childsspouse, domestic partner and children will not receive coverage. For ChildLife and Child AD&D, eligible dependents can be covered to age 25.

Halliburton will hold a special enrollment period, October 27 to November30, for adding eligible adult children. For more information on the 2011Special Enrollment for Dependents, refer to the insert. To enroll, verifyor simply enter the adult childs name, date of birth and Social Securitynumber as you complete the Annual Enrollment process.

With this change, Halliburtons full-time student rule will no longer apply.This means that you will no longer need to certify your childs studentstatus at enrollment and recertify it each year.

1. You dont need a Social Security number to add your newborn toyour benets.

2. You can make changes to your benets during the year if you havea Qualied Change-in-Status event if you report it within 31 days.

3. The Halliburton Benets Center has new extended hours from7:30 a.m. to 7:30 p.m. Central Time.

4. You could receive a deductible credit just by taking the Health RiskAssessment (HRA) by November 30, 2010. Access the HRA viathe Halliburton Total Rewards website.

5. If an expectant mother covered under the Halliburton medicalprogram registers with Special Beginnings within her rsttrimester, she will receive a complimentary car seat.

6. The LiveWell wellness program offers lifestyle health coaching toyou and your eligible family members at no additional cost.

7. Over-the-counter medications are no longer considered an eligibleexpense for the Health Care Flexible Spending Account and HSAbeginning January 1, 2011.

8. Updating your address in Employee Self Service (ESS) updatesyour address with the Halliburton Benets Center.

9. Your annual benet base pay is determined by your employer andreected in your employers payroll records as of the previousOctober 1, which generally does not include income receivedfrom: commissions, bonuses, overtime pay, premiums, anyother compensation, or income received from sources other thanHalliburton.

10. You may still be required to submit receipts to substantiate eligibleexpenses while you are participating in a Health Care FlexibleSpending Account.

11. You have until December 31 to incur eligible health care FSAexpenses for the 2010 plan year, and until March 31, 2011 to leyour claims to prevent forfeiture.

12. You may be required to provide documentation regarding anyQualied Change-in-Status events that you process or to verifyyour dependents eligibility upon request.

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This communication provides a brief overview of the benet choices that willbe offered to eligible Halliburton U.S. employees for 2011. It is not a completedescription of the choices or a complete description of the plans that will beavailable in your Summary Plan Descriptions.

Summary of Material Modifications

This communication is a summary of the material modifications made to theHalliburton Energy Services, Inc. Welfare Benefit Plan. This summary revisesand replaces certain text in the Plans summary plan descriptions. To the

extent that materials in the Plans summary plan descriptions and this brochureconflict, the information in this brochure will govern. Thus, please keep a copyof this brochure as a supplement to your Plans summary plan descriptions.

For answers to immediate questions about your 2010 benets, please call theHalliburton Benets Center at 1-800-535-8130, Monday through Friday, from8:30 a.m. 5:00 p.m. Central Time. You can also submit your inquiries to theHalliburton Benets Center via the Your Benets ResourcesTM(YBR) site athttp://resources.hewitt.com/halliburtonbenets. Once you enter your User ID andpassword, choose the Contact Us menu option on the left-hand side of yourscreen and you can then choose the option Use E-mail to Send a Question toa Benets Representative. You will receive a response to your inquiry within 3business days.

For questions about your 2011 Annual Enrollment and health and group benets,please contact the new Halliburton Benets Center, Monday through Friday, at866-321-0964 (if dialing internationally, use your countrys AT&T access number)or 857-362-5980, from 7:30 a.m. to 7:30 p.m. Central Time. You can also log onto www.halliburton.com/totalrewards for information or to initiate a chat session.

Every effort has been made to provide clear and accurate information aboutHalliburtons benet plans. However, in the event of a discrepancy between thismaterial, the plans summary plan description and the ofcial plan documents,the ofcial plan documents will govern. There are no guarantees that participationunder the benet plans described in this material will remain unchanged in futureyears. Halliburton reserves the right to change, suspend, amend or terminate theplans described in this material at any time, in whole or in part. This means thatthe plans may be:

Discontinued in their entirety; Changed to provide different levels of benets;

Changed to provide for different cost sharing between the Company andparticipants; or

Changed in any other way.

Any such change or termination shall be solely at the discretion of the Company.You will be notied if any such change or termination occurs.

The Womens Health and Cancer Rights Act of 1998

Under Halliburtons Medical Program, coverage will be provided to an employeeor covered dependent who is receiving benets for a medically necessarymastectomy and who elects breast reconstruction after the mastectomy for:

Reconstruction of the breast on which a mastectomy has been performed

Surgery and reconstruction of the other breast to produce a symmetricalappearance

Prostheses

Treatment of physical complications of all states of mastectomy, includinglymph edemas.

This coverage will provide benets in consultation with the attending physicianand the patient, and will be subject to the same deductibles and co-insuranceprovided for the mastectomy.

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2011 US Guide

Documents

Transcript of 2011 US Guide