Home Depot Inc. (HD), the world’s largest home improvement retailer, plans to end medical coverage for about 20,000 part-time employees and direct them to government-sponsored exchanges scheduled to open next month as companies revamp benefits to fit the U.S. Affordable Care Act.
Employees with fewer than 30 hours a week will no longer be offered limited liability medical coverage, Stephen Holmes, a spokesman, said today by telephone. About 5 percent of Atlanta-based Home Depot’s 340,000 employees are enrolled in that plan.
United Parcel Service Inc. (UPS), Trader Joe’s Co. and other employers have been cutting benefits ahead of next month’s roll-out of government exchanges that were designed to give uninsured Americans a chance to buy taxpayer-subsidized medical coverage. Read more DH.
Employees with fewer than 30 hours a week will no longer be offered limited liability medical coverage, Stephen Holmes, a spokesman, said today by telephone. About 5 percent of Atlanta-based Home Depot’s 340,000 employees are enrolled in that plan.
United Parcel Service Inc. (UPS), Trader Joe’s Co. and other employers have been cutting benefits ahead of next month’s roll-out of government exchanges that were designed to give uninsured Americans a chance to buy taxpayer-subsidized medical coverage. Read more DH.
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