Home Depot to cut benefit for part-time workers

Home Depot to cut benefit for part-time workers

September 20th, 2013 by Associated Press in Local - Breaking News

ATLANTA - Atlanta-based Home Depot is eliminating the limited medical insurance is has offered to its many part-time employees.

The Atlanta Journal-Constitution reports that the change means those workers will either seek coverage from new public insurance marketplaces that open Oct. 1 or face a penalty.

The retailer said its decision is in response to the new law on health care coverage, the Affordable Care Act.

Home Depot joins a growing list of corporations that have cut back on or shifted their employee health insurance offerings. Some have cited potential savings and others are pointing to better employee benefits as reasons for their decision.

The change affects about 20,000 part-time Home Depot workers nationwide who take the insurance coverage.