Yesterday Wal-Mart plans Healthcare offers to stop benefits participate ~~ POS = TRUNC who work less than 30 hours per week. This makes up about two percent of its US staff. The world's largest retailer in the world connected to a growing trend of major retailers, the health benefits cut for part-time employees. This item to drop health benefits for their part-time employees an overview of the development of the retailer.
Benefits Walmart Dropping for part-time employees
In a blog post yesterday Walmart senior vice president, Sally Welborn explained that "like any business, Walmart rising healthcare face further costs", and that "this year, the costs were significantly and led us to make some difficult choices, as we begin our annual enrollment."
of senior vice president of retail giant cited rising health care costs, and the grounds for changing conditions for some of its part ~~ POS = TRUNC employees. Walmart is working with a specialist, HealthCompare, part-time workers find affordable healthcare to help
Trend :. Large retailers Dropping benefits for part-time employees
Back in January, Target made a similar announcement about health benefits for part ~~ POS = TRUNC fall. Instead of their part-time employees a $ 500 scholarship offers an individual to buy health insurance through the Marketplace. This ensures objective that their part-time workers are entitled to premium tax credits they get with the cost of their coverage to help.
made a similar decision Trader Joe sent the retailer in August 2013 Alert a memo to employees that they would receive a $ 500 grant to purchase coverage through the marketplace. In addition, Walgreens, Time Warner Inc., and IBM have all allocated a fixed dollar amount to purchase their employees to a private exchange to send health services.
The disadvantage Offering employees a Stipend
[1945006VielediesergroßenEinzelhändler] drop group coverage for employees in part ~~ POS = TRUNC a taxable salary, with the intention to provide that employees use the additional funds, in to acquire health. This arrangement is typical of employers want to offer the health benefits for the recruitment and retention, but can not afford group health insurance.While this may seem like an advantageous arrangement for both sides, there are several problems with this solution. First, there is no guarantee that employees actually spend on health insurance with a scholarship, the money. In addition, many employers are tiered candidates for employers with formal health benefits in place to lose their desired peaks. During a scholarship for candidates may be slightly in response, would prefer the most formal, tax-deferred program health benefits.
Another option for employers Dropping Group Health Insurance
Instead of a scholarship offer, better health insurance option for employers is the individual health insurance and a premium refund plan
This approach give employers an employee a tax-free health money to spend on individual health insurance -. Instead, a group health insurance plan for the purchase. Employees have to purchase their health allowance an individual health plan of their choice and the right ones, the premium can access tax credits.
Read the announcement of Walmart here.
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