Target is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1.
The blog post said Target is stopping the coverage, which fewer than 10% of Target’s 361,000-person workforce currently uses, due to the availability of public healthcare exchanges under the Affordable Care Act. Target said employees could be disqualified from receiving government-subsidized health care if they are offered a company plan.
Other retailers that have also announced intentions to stop offering health insurance to part-time employees due to the availability of public insurance exchanges include Home Depot and Trader Joe’s.