Following in the footsteps of several retail peers, Target has announced it will no longer offer health insurance to part-time workers. Instead, it will encourage them to sign up for Obamacare.
Target said fewer than 10% of its total workforce of 361,000 participate in the existing part-time plan, in an online notice posted Tuesday. Some part-timers can find cheaper coverage on the Obamacare exchanges.
"By offering them insurance, we could actually disqualify many of them from being eligible for newly available subsidies that could reduce their overall health insurance expense," the post said.
Target would not release an exact count of part-time workers, saying the number fluctuates often, according to a company spokesperson.Read the rest of the story HERE and view a related video below:
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