Skip to comments.Target will drop health insurance for its part-time employees
Posted on 01/21/2014 7:29:31 PM PST by TurboZamboni
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, Targets executive vice president of human resources.
In the article, Kozlak acknowledged the disruption to workers. But she said the exchanges might offer options that some workers will prefer, and noted that those who qualify for subsidies and tax credits could find insurance that is less expensive than their current plan offered by Target.
(Excerpt) Read more at startribune.com ...
They want to privatize the profits but socialize the costs.
How many believe the employees will use the $500 to purchase health insurance? I would be willing to bet most of those employees will qualify for Medicade
Wow. A whole 500 bucks. That should buy them a couple weeks worth of obamacare.
This is the same Target that is now running its own gays in the fashion of JC Penney.
That’s going to help, right?
Is that like lemonade, only yucky?
Their ‘ObamaCare’ subsidized coverage will likely look really cheap compared to that $400, and in fact, many will end up pocketing $150 - $250 depending upon their household income. And then at the end of the year, they'll suddenly find that they owe thousands as they figured their insurance at their old income level, not the new income level with the $500 monthly bonus.
In the end, what happens is that Target pushes part of the rising cost of health care onto the taxpayer, can point towards their new ‘living wage’ for part time employees to quash the union organizers, and the part time employees will end up with even less money in their pockets at the end of the year.
Oh, and of course, a running theme with ObamaCare - more people who had insurance have it yanked out from under them due to the ‘Affordable Care Act’, which simultaneously raises costs for those same employees while giving less benefits. Or in the eyes of a liberal, a success story.
They have a gay ‘wedding’ registry...I’ve seen the ads.
I assume that's $500 per month.
I assumed it was a one-time "Here's $500, go have fun" kind of deal.
I think it said $500. not $500. per month.
Another good place to boycott, let them cater to the 1%
I figured it was a one-time thing, maybe annual, but definitely not a raise of 4 to 6 dollars per hour.
It’s a flat, once a year payment of $500 per year. Furthermore, if it’s being used for medical expenses, chances are that, it’s tax-exempt.
None of my subsidized employees is anywhere near $500 a month. Most are half that or less.
I don’t qualify for a subsidy, and I am still well below $500 a month.
Is that like lemonade, only yucky?
Don't you get the feeling, ROCKLOBSTER, that some of these corrections go right past the recipient? I have reference also to the person the other day who wrote "payed" instead of "paid."
Yes—sur reee! Insurance is already covered by the Obamacare law so there’s little skin off their noses. The GOP is at best neutral, must be one heck of a gun in their necks to “drift” as they do. ..not to mention what they line their pockets with.
No matter how I play the affairs of this nation over in my mind it still comes out we’ve been had....by an Inclusive Washington.
Never saw this coming. This will certainly limit government.