Monrovia, Calif. – Trader Joe’s will reportedly stop offering health benefits to part-time employees next year.
According to Bloomberg, employees who work less than 30 hours per week will no longer be eligible for corporate health benefits as of Jan. 1, 2014. That date is when the U.S, Affordable Care Act mandates employers start offering all full-time workers affordable coverage.
Part-time employees will receive a $500 stipend to assist them in purchasing health insurance on their own. A statement from Trader Joe’s indicates the company thinks most affected workers will be able to obtain their own insurance at little or no extra cost due to the stipend and federal tax credits that will become available next year.