5 companies that dropped part-time employee health care
October 8, 2014 11:16 AM
Target
Target announced in January 2014 that it was dropping coverage for part-time employees. The company said in a blog post that less than 10% of its total employee population participated in that plan.
[Image: Bloomberg/File Photo]
[Image: Bloomberg/File Photo]
Home Depot
The worlds largest home improvement retailer said in September 2013 that it was ending coverage for 20,000 part-time employees. Employees with fewer than 30 hours a week were no longer offered limited liability medical coverage, Bloomberg reported. At the time, 5% of the companys 34,000 employees were enrolled in that plan.
[Image: Bloomberg/File Photo]
[Image: Bloomberg/File Photo]
Trader Joe's
In August 2013, the retailer sent a memo to staff that it was dropping coverage for part-timers, but giving them a check for $500 to find coverage through the public exchanges.
[Image: Bloomberg/File Photo]
[Image: Bloomberg/File Photo]
Forever 21
In August 2013, the retailer announced it was cutting some employees hours to 29.5 hours, or just under the 30 hour threshold at which the Affordable Care Act mandates coverage be provided. Forever 21 does not provide coverage to part-time employees. In a Facebook note, the company said the decision was made independent of the Affordable Care Act and that the change impacted less than 1% of all U.S. store employees.
[Image: Bloomberg/File Photo]
[Image: Bloomberg/File Photo]
Walmart
On Oct. 7, the worlds largest retail chain said it plans to stop offering health benefits to employees who work less than 30 hours a week, or about 2% of its U.S. staff.
[Image: Bloomberg/File Photo]
[Image: Bloomberg/File Photo]
