Change: Target Drops Health Insurance for Its Part-Time Workers
January 22, 2014 - 8:03 am
If you work part-time at Target and liked your healthcare, you don’t get to keep it. Obamacare has claimed a few thousand more casualties, reports Bloomberg:
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 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.
Target said on its website that many of its part-time workers may prefer coverage from the health law’s exchanges, and that by offering them insurance, “we could actually disqualify many of them from being eligible” for subsidies.
So Target will dump them onto the taxpayers who still have jobs. Just as Obamacare’s authors expected.