(Bloomberg) — Target Corp. said it will end health insurance for part-time employees, joining Trader Joes Co., Home Depot Inc. and other retailers that have scaled back benefits in response to changes from Obamacare.
About 10% of Targets part-time employees, defined as those working fewer than 30 hours a week, use the companys health plans now, according to an announcement posted today on the Minneapolis-based companys website. Target said it would pay $500 to part-timers losing coverage and a consulting firm will help workers sign up for new Obamacare plans.
