Health Care coverage is ending for part-time Target employees April 1 Reuters reported Tuesday.
"Target will provide U.S. stores' part-time team members who are currently enrolled in Target's health coverage and who are losing access to that coverage a $500 cash payment," Jodee Kozlak, executive vice president of Human Resources at Target said in a company blog post on the company's website.
The changes amount to 10 percent of the retailer's 361,000 employees who are enrolled in the health plans slated to stop the blog said. "By offering them insurance, we could actually disqualify many of them from being eligible for newly available subsidies that could reduce their overall health insurance expense," Target said in the post.
The public exchanges set up under the health care law, also known as Obamacare, allow individuals to buy government-subsidized health care based on their income.Over 2.1 million individuals are signed up for private health insurance plans via federal and state internet websites from when they were established in October on
President Barack Obama's health care legislation Reuters reported.Walgreen's directed its workers to a private health insurance exchange where they will be able to choose from a maximum of 25 plans versus the company providing them with only two to four options beginning next month for their 2014 coverage the Associated Press reported.
The amount of time and effort Walgreens devotes to health care benefits will remain the same. The only difference is the company will provide its employees with more choices and assist them in becoming more effective consumers when it comes to health care coverage.
Wal-Mart extended health care benefits to domestic partners of full-time employees in August Forbes reported. The option in one of the retailer's updated benefits package. This includes a vision plan, 100 percent coverage for some surgeries including hip replacements, and incentives for smokers to quit the habit Forbes reported.
