Friday, September 20, 2013

HOME DEPOT DROPS BIG OBAMACARE SURPRISE ON 20,000 EMPLOYEES

HOME DEPOT DROPS BIG OBAMACARE SURPRISE ON 20,000 EMPLOYEES

Home Depot Inc is shifting medical coverage for part-time workers to new public marketplace exchanges ahead of new benefits requirements under the U.S. Affordable Care Act, a spokesman said on Thursday.

The world’s largest home improvement retail chain announced its move shortly after a similar announcement from Trader Joe’s Co, a popular privately held grocery chain.

Home Depot’s change would affect roughly 20,000 part-time workers who previously had chosen the limited liability medical plan the company offered, spokesman Stephen Holmes said.

After December 31, companies can no longer offer those plans under the health law, also known as Obamacare.