http://www.buffalonews.com/apps/pbcs.dll/article?AID=/20130710/BUSINESS/130719892/1003
A "win-win." Companies identify all their employees as part-time; stop offering part-time employee insurance; and the part-time employees get subsidized health insurance because the companies refuse to offer insurance.
So we have companies basically doing the same they're accused of not doing now - not offering insurance - with the side effect of employing workers half the hours they work now, which reduces their ability to afford anything, much less insurance, and this is considered by an "insurance expert" to be a "win-win" situation.
Anyone else see where this is leading?
However, part-time employees may actually benefit from Wegmans’ decision, according to Brian Murphy, a partner at Lawley Benefits Group, an insurance brokerage firm in Buffalo.
“If you have an employee that qualifies for subsidized coverage, they might be better off going with that than a limited part-time benefit,” Murphy said.
That’s because subsidized coverage can have a lower out-of-pocket cost for the insured employee while also providing better benefits than an employer-paid plan.
Under the Affordable Care Act, part-time employees are not eligible for health insurance subsidies if their employer offers insurance.
“It’s a win-win. The employee gets subsidized coverage, and the employer gets to lower costs,” Murphy said.
A "win-win." Companies identify all their employees as part-time; stop offering part-time employee insurance; and the part-time employees get subsidized health insurance because the companies refuse to offer insurance.
So we have companies basically doing the same they're accused of not doing now - not offering insurance - with the side effect of employing workers half the hours they work now, which reduces their ability to afford anything, much less insurance, and this is considered by an "insurance expert" to be a "win-win" situation.
Anyone else see where this is leading?