Target To Drop Health Coverage For Part-Time Workers

A corporate blog post by the company's human resources chief cited the health plans now available on public health exchanges as part of Target's decision, as well as the fact that only about 10 percent of its estimated 360,000 employees participated in the plan that is being discontinued. Those workers will be given $500 because their current coverage is ending.  

The Wall Street Journal: Target Cuts Health Coverage For Part-Time Workers
Target Corp. on Tuesday said it would stop offering health coverage for part-time employees, citing insurance options available through public exchanges. Target will stop covering part-time employees on April 1, the company said in a corporate blog post quoting human resources chief Jodee Kozlak. Less than 10% of Target's roughly 360,000 employees take part in the plan being discontinued. Those employees will be given $500 due to the coverage being ended (Ziobro and Radnofsky, 1/21).

Bloomberg: Target To Drop Health Insurance For Part Time Workers
Target Corp. 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 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 (Wayne, 1/22).

Minnesota Public Radio: Target To Drop Health Insurance For Part-Time Workers
Target will stop providing health coverage to its part-time workers on April 1. In a blog post today, Target Human Resources executive vice president Jodee Kozlak wrote that Target will discontinue part-time health insurance coverage. She said the launch of health insurance marketplaces provide new options for health care coverage (Stawicki, 1/21).

The Star Tribune: Target Will Drop Health Insurance For Its Part-Time Employees
Target Corp. said Tuesday that it will stop offering health insurance to its part-time employees because new online health exchanges offer workers an opportunity to buy coverage. The Minneapolis-based retailer will give each worker $500 to help buy health insurance, and has arranged for one-on-one consultations with benefits manager Towers Watson to help with the transition. The retailer announced the decision through its online site, “A Bullseye View: Behind the Scenes at Target,” in a Q&A with Jodee Kozlak, Target’s executive vice president of human resources (Crosby, 1/22).