The Briefing Room
General Category => Economy/Business => Topic started by: jmyrlefuller on July 11, 2013, 11:51:23 am
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http://www.buffalonews.com/apps/pbcs.dll/article?AID=/20130710/BUSINESS/130719892/1005
by Samantha Maziarz Christmann
July 11, 2013
Et tu, Wegmans?
The Rochester-based grocer that has been continually lauded for providing health insurance to its part-time workers will no longer offer that benefit.
Until recently, the company voluntarily offered health insurance to employees who worked 20 hours per week or more. Companies are required by law to offer health insurance only to full-time employees who work 30 hours or more per week.
Several Wegmans employees confirmed part-time health benefits had been cut and said the company said the decision was related to changes brought about by the Affordable Care Act.
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.
Wegmans declined to comment.
“As a private company, we don’t share specifics of our employee benefits programs. It’s a given that health care reform will result in some changes to our benefits program, but it will not change our commitment to meeting the needs of our employees,” Wegmans said in a statement.
Wegmans employs roughly 1,433 full-time employees and 4,304 part-time employees in the Buffalo Niagara region.
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Nothing finer than a full stocked Wegman's. Nothing! :beer:
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Who can blame them? **nononono*
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“It’s a win-win. The employee gets subsidized coverage, and the employer gets to lower costs,” Murphy said.
The only losers are (of course) the taxpayers who must pick up the tab.
Why is anyone surprised when companies do exactly what the law incentivizes them to so?
Is there anyone who thinks that tax law does not have a huge impact on what's left of our economy?
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The only losers are (of course) the taxpayers who must pick up the tab.
Why is anyone surprised when companies do exactly what the law incentivizes them to so?
Is there anyone who thinks that tax law does not have a huge impact on what's left of our economy?
Liberals.
Liberals think that business should be altruistic. Business should ignore profits and do what's good for the people. That's what liberals think government does.
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It's not a win-win for anyone. The only winners here are the fascists in the democrat party and the left who want to control every aspect of every individual's life.