Is this due to the recent security breach? Probably not directly and may have been in the works for a while.
Those who work between 20 and 31 hours per week will continue to be eligible for benefits including vacation, dental, disability and life insurance and of course the wellness programs, can’t turn lose of that data (profiles to sell) and some of those are outsourced services. Recently in the news big chain store Walgreens moved all their employees over to a firm with a private exchange run by risk management consultants who’s primary focus is investor relations.
Walgreens Plans to Move 180,000 Employees Over to Insurance Exchange Managed By AON Consultants, Risk Management, Re-Insurance, Kidnap and Ransom Coverage…And So On
The folks will be getting a one time $500 gift to help them enroll in state insurance exchanges and some assistance with the Obamacare plans. The company said they didn’t have a large amount of part time employees enrolled with their health insurance plans, so a few less claims to monitor I guess. BD (Image)
Target Corp. (TGT) said it will end health insurance for part-time employees, joining Trader Joe’s Co., Home Depot Inc. and other retailers that have scaled back benefits in response to changes from Obamacare.
About 10 percent of Target’s part-time employees, defined as those working fewer than 30 hours a week, use the company’s health plans now, according to an announcement posted today on the Minneapolis-based company’s 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.