Wal-Mart said Tuesday that it would eliminate health insurance coverage for about 30,000 of its part-time workers, a move that the nation’s largest retailer says is aimed at slashing its rising health-care costs.
All Wal-Mart employees who work less than 30 hours a week will no longer be eligible for coverage, a policy change that will affect 2 percent of the company’s 1.3 million U.S. workers and about 5 percent of its part-time workforce.
The company also said it will raise health-insurance premiums for its entire workforce in 2015.
Wal-Mart’s Senior Vice President of Global Benefits, Sally Welborn, said in a blog post that these were “tough decisions” made amid a climate in which businesses of all kinds are struggling to deal with their employees’ rising health-care costs.
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Contact Steven G. Cosby, MHSA with questions or to request more information and to schedule a healthcare plan evaluation, savings analysis or group plan solution for your company.
