It’s rare for a company to provide health insurance for part-time employees in the first place, which means that Trader Joe’s will be one of very few employers to make the headlines for doing away with the benefit. The company will give part-timers $500 at the beginning of the year toward purchasing their own health insurance.
This news broke two weeks before consumers can begin to browse health insurance exchanges, but not because Trader Joe’s wanted to make a big deal out of it. The Huffington Post got hold of and publicized a company memo about the insurance change earlier this week.
Trader Joe’s Sends Part-Timers to Obama Health Exchanges [Bloomberg News]