Home Depot Ending Insurance Coverage to Part Time Employees–Directing to Government Sponsored Insurance Exchanges
Posted Sep 19 2013 8:27pm
We heard this about Trader Joes with their part time workers and Home Depot is following. Dental, vision and disability will still be offered from the company to part time employees. This is unlike the private exchanges used by IBM, Walgreens and a couple others that are run by “consultants” and “investor relations” companies. The managing of the private exchanges is a bit different as the consultants will still be there as a partner, one who makes money on the admiration of those plans. BD
Home Depot Inc. HD +1.47% plans to end health-care coverage for almost 20,000 part-time employees, instead directing them to government-sponsored insurance exchanges.
The Affordable Care Act—President Barack Obama's health-care overhaul —precludes the company from offering the limited-liability plans that part-time workers currently receive, said spokesman Stephen Holmes. The change will affect nearly 20,000 people, which is about 5% of the company's work force, Mr. Holmes said.