Business & Tech

Target Kicks Part-Timers Off Health Care Plan

The country's second-largest retailer said it will give workers $500 to help find a plan under Obamacare's coverage exchanges.

ByΒ Deb Belt

Following the trend of other national retailers responding to Obamacare, part-timeΒ TargetΒ employees will no longer be eligible for the company’s health insurance plans in April, reportsΒ Bloomberg.com.

The move mirrors changes made last year by other companies includingΒ Home DepotΒ andΒ Trader Joe's, the grocerΒ once lauded for providing health care coverage to its part-time workers, to end coverage to their part-timers.

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Employees who work between 20 and 31 hours a week at Target are eligible for a cash payment of $500 to help in the transition, theΒ Los Angeles TimesΒ reports.Β And, Target has hired a firm to help those workers bumped from health care select plans in state and federal healthcare marketplaces.

Target, the nation’s second-largest discount retail chain, said less than 10 percent of its workforce of about 361,000 participates in the health plan for part-time workers, reports theΒ Minneapolis Star-Tribune.

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