This is the beginning of the next
issue in the year 2014 for employees
who have health insurance with their
employer. Targ...
About 10 percent of Target’s part-time
employees, defined as those working
fewer than 30 hours a week, use the
company’s h...
Contact

www.AIADirectQuote.com
if you have lost your coverage
through your employer.
The U.S. Patient Protection and
Affordable Care Act is the largest
regulatory overhaul of health care
since the 1960s, cre...
The law known as Obamacare
doesn’t require most
companies to cover part-time
workers, and offering them
health plans may d...
“Health care reform is
transforming the benefits
landscape and affecting how
all employers, including
Target, administer h...
She cited “new options
available for our part-time
team, and the historically low
number of team members who
elected to en...
The health law requires all
companies employing 50 or
more people to offer health
insurance to those working
30 or more ho...
Target, the second largest
U.S. discount retailer, had
an estimated 361,000 total
employees at the end of the
last fiscal ...
The Affordable Care Act
created new government-run
health insurance exchanges to
sell coverage beginning this
month, Janua...
It disqualifies Americans for
subsidies at the exchanges if
they have an offer of
“affordable” coverage from
their employe...
Target said on its website that
many of its part-time workers
may prefer coverage from the
health law’s exchanges, and
tha...
Coverage for Target
employees who work fewer
than 30 hours will end April
1, 2014, the company said.
Open enrollment for 2...
Again . . . Contact

www.AIADirectQuote.com
if you have lost your coverage
through your employer.
“Remember It Is Not
What You Know, But
What You Do With
What You Know!”
www.AIADirectQuote.com
Target Drops Health Insurance - Another Obamacare Issue
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Target Drops Health Insurance - Another Obamacare Issue

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http://AIADirectQuote.com Target Drops Health Insurance - Another Obamacare Issue. This is the beginning of the next issue in the year 2014 for employees who have health insurance with their employer. Target Corp. (TGT) said it will end health insurance for part-time employees, joining Trader Joe’s Co., Home Depot Inc. and other retailers that have scaled back benefits in response to changes from Obamacare.

About 10 percent of Target’s part-time employees, defined as those working fewer than 30 hours a week, use the company’s health plans now, according to an announcement posted on the Minneapolis-based company’s website. Target said it would pay $500 to part-timers losing coverage and a consulting firm will help workers sign up for new Obamacare plans.

Contact www.AIADirectQuote.com if you have lost your coverage through your employer. As mentioned above Target Corp. (TGT) said it will end health insurance for part-time employees, joining Trader Joe’s Co., Home Depot Inc. and other retailers that have scaled back benefits in response to changes from Obamacare.

The U.S. Patient Protection and Affordable Care Act is the largest regulatory overhaul of health care since the 1960s, creating a system of penalties and rewards to encourage people to obtain medical insurance. The law known as Obamacare doesn’t require most companies to cover part-time workers, and offering them health plans may disqualify those people from subsidies in new government-run insurance exchanges that opened in October.

“Health care reform is transforming the benefits landscape and affecting how all employers, including Target, administer health benefits coverage,” Jodee Kozlak, Target’s executive vice president of human resources, said in yesterday’s web posting. She cited “new options available for our part-time team, and the historically low number of team members who elected to enroll in the part-time plan.”

The health law requires all companies employing 50 or more people to offer health insurance to those working 30 or more hours starting in 2015. No part-timers will see their hours cut, Kozlak said. Target, the second largest U.S. discount retailer, had an estimated 361,000 total employees at the end of the last fiscal year, according to data compiled by Bloomberg.


The Affordable Care Act created new government-run health insurance exchanges to sell coverage beginning this month to uninsured people, often with premiums discounted by federal subsidies. It disqualifies Americans for subsidies at the exchanges if they have an offer of “affordable” coverage from their employers, defined as an insurance premium less than 9.5 percent of their income.

Target said on its website that many of its part-time workers may prefer coverage from the health law’s exchanges, and that by offering them insurance, “we could actually disqualify many of them from being eligible” for subsidies.

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Transcript of "Target Drops Health Insurance - Another Obamacare Issue"

  1. 1. “Target Drops Health Insurance - Another Obamacare Issue”
  2. 2. This is the beginning of the next issue in the year 2014 for employees who have health insurance with their employer. Target Corp. (TGT) said it will end health insurance for parttime employees, joining Trader Joe’s Co., Home Depot Inc. and other retailers that have scaled back benefits in response to changes from Obamacare.
  3. 3. About 10 percent of Target’s part-time employees, defined as those working fewer than 30 hours a week, use the company’s health plans now, according to an announcement posted on the Minneapolis-based company’s website. Target said it would pay $500 to part-timers losing coverage and a consulting firm will help workers sign up for new Obamacare plans.
  4. 4. Contact www.AIADirectQuote.com if you have lost your coverage through your employer.
  5. 5. The U.S. Patient Protection and Affordable Care Act is the largest regulatory overhaul of health care since the 1960s, creating a system of penalties and rewards to encourage people to obtain medical insurance.
  6. 6. The law known as Obamacare doesn’t require most companies to cover part-time workers, and offering them health plans may disqualify those people from subsidies in new government-run insurance exchanges that opened in October.
  7. 7. “Health care reform is transforming the benefits landscape and affecting how all employers, including Target, administer health benefits coverage,” Jodee Kozlak, Target’s executive vice president of human resources, said in yesterday’s
  8. 8. She cited “new options available for our part-time team, and the historically low number of team members who elected to enroll in the parttime plan.”
  9. 9. The health law requires all companies employing 50 or more people to offer health insurance to those working 30 or more hours starting in 2015. No part-timers will see their hours cut, Kozlak said.
  10. 10. Target, the second largest U.S. discount retailer, had an estimated 361,000 total employees at the end of the last fiscal year, according to data compiled by Bloomberg.
  11. 11. The Affordable Care Act created new government-run health insurance exchanges to sell coverage beginning this month, January, 2014, to uninsured people, often with premiums discounted by federal subsidies.
  12. 12. It disqualifies Americans for subsidies at the exchanges if they have an offer of “affordable” coverage from their employers, defined as an insurance premium less than 9.5 percent of their income.
  13. 13. Target said on its website that many of its part-time workers may prefer coverage from the health law’s exchanges, and that by offering them insurance, “we could actually disqualify many of them from being eligible” for subsidies.
  14. 14. Coverage for Target employees who work fewer than 30 hours will end April 1, 2014, the company said. Open enrollment for 2014 under the Affordable Care Act closes a day earlier.
  15. 15. Again . . . Contact www.AIADirectQuote.com if you have lost your coverage through your employer.
  16. 16. “Remember It Is Not What You Know, But What You Do With What You Know!” www.AIADirectQuote.com

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