Employer Strategies

Earlier this week, Walmart announced it was dropping health care coverage for employees who work fewer than 30 hours a week, a move the company estimates will affect about 2% of its workforce. Here’s a wrap-up of our analysis, plus a look at the ways other large companies are handling rising health care costs.

The number of employees with long-term disability plans has dropped and employees paying more for coverage, despite the fact that that 1 in 8 will need it during their career.

At Alliance Resource Partners, 4% of the workforce is responsible for roughly 45% of the company's annual health care spend. The coal mining company is implementing new initiatives to better reach workers at remote mine sites.

Commentary: Have you heard of Medicare observation status? Columnist Craig J. Davidson says it is creating a payment nightmare for older plan participants with Medicare Part A as the primary payer. Educate your groups with Medicare beneficiaries, Davidson says, because the rule has real consequences.

Wearable wellness is here to stay, yet precisely how the devices will affect employer programs remains to be seen.

Randy Hargrove, a Walmart spokesperson, tells EBN that the company's decision to end health coverage for a small portion of its workforce will enable these employees to "decide for themselves what makes the most sense for them."

Aon Hewitt expects more than 1.2 million employees, retirees and their families to choose health benefits through the company’s exchanges — revising their earlier estimates upward.

Walmart’s announcement this week that it will drop health care coverage for its part-time employees reiterates that employer-sponsored health care coverage is changing, and those benefit advisers who plan to remain relevant to clients must change, too.

EBA’s annual Workplace Benefits Summit, held last week in Boca Raton, Fla., included a celebration of our Advisers of the Year, strategy and marketing tips from benefit professionals, and the presentation of our inaugural Most Influential Women in Benefit Advising awards.

Walmart Stores Inc.’s move to eliminate health insurance for about 30,000 part-time workers underscores the mixed benefits of Obamacare for companies and their employees.