Benefits At-A-Glance
Effective January 01, 2007
Life and Accidental Death and Dismemberment Insurance
• Employer provided
• Two times annual salary
Dependent Life Insurance
• Employer provided
• Child Life
• Spouse Life
Optional Life Insurance
• Employees may elect additional
life coverage up to $1,500,000 or
• 5 times base annual pay, whichever
is less
Optional Accidental Death and Dismemberment Insurance
• Employees may elect additional coverage up to $500,000 or 10
times
base annual pay, whichever is less
Short Term and Long Term Disability Insurance
• Employer provided partial income replacement for hourly and salaried employees in the event of disability
Medical, Dental and Prescription Drug Coverage
• A PPO managed health care network with United Health Care
• A
PPO managed dental network with CIGNA
• Prescription drug plan administered by Caremark
Voluntary Vision Coverage
• Network of vision service providers
Safety Eyewear Coverage
• Provides reasonably priced prescription safety glasses for employees whose work takes them offshore
Employee Assistance Plan (EAP)
• Employer provided counseling assessment service for employees
and dependents
Flexible Spending Account (FSA)
• Health FSA
• Dependent Care FSA
Diamond Offshore 401k Plan
• Employer match - 100% up to 6% employee pretax contribution;
100% immediate vesting
• Profit Sharing - 5%; 100% vested 3 years from hire date
International Benefits available for non-US citizens residing outside of the US
For additional details contact the Diamond Offshore Benefits Department.
Job Opportunities
Offshore Basics