Last week Wegmans, one of the largest private companies in the US, announced that it will cut health benefits for part time workers beginning January 2015. The Northeastern grocery store chain, long recognized for its generous employee benefits offerings, has traditionally offered health benefits to its part time employees who work between 20 and 30 hours per week, earning a spot on FORTUNE’s ‘100 Best Companies to Work For’ list for the past 16 years in a row.
What’s most interesting is that Wegmans is again being praised as a thoughtful, employee-focused company for cutting the health benefits.
Wegmans has taken the initiative to understand the effects of Obamacare, reacting to the new legislation in a responsible manner. Although this decision seems counterintuitive for a company that prides itself on strong employee benefits programs, Wegmans will end up helping many of its lower-wage workers who will now be eligible for generous government subsidies as a result of the decision.
Benefitter helps companies navigate healthcare reform, as Wegmans has so thoughtfully done last week. Benefitter ReformSuite includes three software modules that provide intuitive solutions for understanding, complying with, and getting the most out of the Affordable Care Act. If you’d like to learn more, please visit www.benefitter.com/solution, or contact Benefitter at email@example.com or 1-800-313-3170.