Jane Dotson
While many employers only offer health insurance to full-time employees, some companies extend their plans to part-time workers. This is often done to attract and retain talent, as part-time employees can fill gaps left by full-time employees and provide more flexibility. Some companies that offer health insurance to part-time employees include Costco, IKEA, REI, Starbucks, Trader Joe's, Chipotle, Nike, and Staples. The number of hours worked per week to qualify for benefits varies according to company policies.
| Characteristics | Values |
|---|---|
| Companies offering health insurance to part-time employees | Activision Blizzard, American Red Cross, Costco, CVS Health, Ikea, JPMorgan Chase, Lowe's, Nike, Staples, Trader Joe's, REI, Starbucks, Chipotle, UPS, Amazon, Delta |
| Minimum work hours required for health insurance | 15-30 hours per week |
| Waiting period for health insurance | 31-89 days |
| Health insurance plans | Medical, dental, vision, prescription, mental health, disability, life insurance, accidental death insurance |
| Additional benefits | Retirement plans, paid time off, parental leave, pet insurance, tuition assistance, discounts on store items, flexible spending accounts, health savings accounts |
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What You'll Learn
Health insurance for part-time employees at large companies
Health insurance is a valuable benefit for part-time employees, who often miss out on such perks. While many employers limit their coverage to full-time employees, some large companies do extend plans to part-time workers. This can be a great strategy for employers to attract and retain talent.
Some large companies that offer health insurance to part-time employees include:
Costco
The wholesale retailer Costco offers health insurance to part-time employees, including coverage for medical care, vision and hearing, dental care, and prescription drugs. Part-time employees can also access plans for short-term disability, life or long-term care insurance. Additionally, employees can add their family members to their plans.
IKEA
IKEA, the global furniture company, offers health insurance to part-time employees who work at least 20 hours per week. This includes medical, dental, and vision plans, as well as tuition assistance, pet insurance, parental leave, paid time off, and discounts on store items and meals.
Starbucks
Starbucks provides five tiers of medical plans for eligible hourly workers who work about 20 hours a week. They also offer dental and vision plans, retirement benefits, and a stock purchase program. Additionally, they have a "College Achievement Plan" that pays for tuition at Arizona State University's online bachelor's degree programs.
REI
The outdoor gear company REI offers health insurance to part-time employees who work at least 20 hours a week over the course of a year. Their benefits include medical and dental coverage, as well as life insurance and long-term disability insurance. REI also provides perks like paid days off to enjoy outdoor activities and a public transit subsidy.
Chipotle
Chipotle offers medical, dental, and vision insurance with dependent coverage to all hourly employees, regardless of the number of hours worked. They also prioritize mental health by providing 24/7 access to a licensed counselor at no cost.
Lowe's
Lowe's, a home improvement retailer, offers a medical plan with limited benefits to its part-time employees. Their plan covers up to four primary doctor and four specialist office visits per year but does not include hospital or surgical coverage. They also provide life insurance, some tuition assistance, and a 10% discount at their stores.
Staples
Staples, an office supply company, offers a "fixed benefit" health plan to part-time employees working at least 15 hours a week. Their plan includes medical, dental, vision, life, and short-term disability insurance. Additionally, they offer a 401(k) plan, flexible spending accounts, and accidental death insurance.
Trader Joe's
Trader Joe's offers low-cost insurance plans for medical, vision, and dental coverage to both full-time and part-time crew members. Eligible employees can also add their dependents at a reasonable cost. The company also provides retirement plans and contributes up to 10% of the employee's annual salary.
JPMorgan Chase
JPMorgan Chase offers health insurance coverage to part-time associate bankers who are regularly scheduled for at least 20 hours a week. Their benefits include prescription drug, vision, and dental coverage. Part-time employees are also automatically enrolled in the company's 401(k) plan, which offers matching contributions.
UPS
UPS is known for providing comprehensive benefits packages to its employees, including part-time workers. While specific details vary, part-time employees can access basic health plans for preventative medical and dental services at no out-of-pocket cost.
Nike
Nike offers its full-time benefits package, including health insurance, to part-time employees working over 30 hours per week. Their benefits include medical, dental, vision, disability, life, and death insurance, as well as paid time off, sabbaticals, and health savings accounts.
These companies demonstrate that health insurance can be accessible to part-time employees, providing valuable coverage and peace of mind to those who may not traditionally receive such benefits.
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Health insurance for part-time employees at small companies
Health insurance is a valuable benefit for part-time employees, who often miss out on such perks. While many employers limit their coverage to full-time employees, some companies do extend plans to part-time workers. This can be a great way to attract and retain talent, as well as fill gaps left by full-time employees.
Some companies offer health insurance to part-time employees who work a minimum number of hours per week. For example, at Costco, cashiers and other part-time employees can enrol in health insurance plans after 60 days of continuous service. However, they must work at least 20 or 30 hours a week to qualify, depending on the source. Similarly, at CVS Health, employees who work at least 30 hours a week are offered medical and prescription coverage, while those working 12 to 29 hours a week are eligible for a fixed indemnity plan. At Ikea, employees are offered medical and prescription benefits if they work at least 20 hours a week, while at Staples, a "fixed benefit" health plan is offered to those working at least 15 hours a week. Nike offers its full benefits package to part-time employees working over 30 hours per week.
Some companies offer health insurance to part-time employees after a certain period of employment. For example, at Starbucks, part-time employees are eligible for medical, dental and vision plans after working for the company for a year. At REI, part-time employees are eligible for health insurance after working for a year, as long as they work at least 20 hours per week. At JPMorgan Chase, part-time employees qualify for health insurance after 60 days of employment, as long as they are regularly scheduled for at least 20 hours a week.
Other companies that offer health insurance to part-time employees include Chipotle, Trader Joe's, UPS, Amazon, and Lowe's.
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Health insurance for part-time employees in retail
Health insurance is a valuable benefit for part-time employees, and several companies in the retail industry offer this perk. Here are some examples of retailers that provide health insurance for their part-time workers:
Costco
Costco, the membership-based wholesale retail chain, is known for providing comprehensive benefits and fair wages to its employees. Part-time employees at Costco can access health insurance benefits, including medical, prescription, and dental coverage. Additionally, they can enrol in Costco's employee stock purchase plan and take advantage of discounts on prescription medications. To become eligible for the benefits package, part-time workers must complete 60 days of continuous service or 180 days/600 hours of employment, according to different sources.
REI
REI, a retailer of outdoor gear and equipment, offers health insurance benefits to both full-time and part-time employees. Part-time workers who average 20 hours per week over a 12-month period can choose from three health plans with varying costs and coverage levels. Those working fewer hours can opt for the REI Access Plan, a high-deductible policy. Eligibility for benefits begins after three months of employment. REI covers most of the costs for medical and dental coverage and provides additional benefits like life insurance and long-term disability insurance.
Staples
Staples, an office supply retailer, provides a "fixed benefit" health plan to part-time employees working at least 15 hours per week. This plan offers limited medical benefits but also includes dental, vision, and life insurance options. Part-time employees at Staples also have access to other benefits, such as a 401(k) plan, short-term disability insurance, and flexible insurance options.
Chipotle
Chipotle, the popular fast-casual dining chain, offers medical, dental, and vision insurance to its part-time employees. To become eligible for these benefits, part-time staff must work at least 20 hours per week, equivalent to 240 hours during a consecutive three-month period. Chipotle also provides additional perks, including paid time off, sick leave, stock options, and tuition reimbursement.
Walmart
Walmart, the retail giant, offers health insurance to part-time employees working at least 30 hours per week, although some locations and jobs may be eligible with as little as 24 hours per week. Part-time employees at Walmart can access various health coverage options and take advantage of free and reduced-price training and degree programs related to retail work.
These examples demonstrate that part-time employees in the retail industry can find companies that value their health and well-being by offering competitive health insurance benefits. It is always a good idea to review the specific requirements and eligibility criteria for each company's health insurance plans, as they may vary.
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Health insurance for part-time employees in hospitality
In the United States, federal law does not require employers to offer health insurance to part-time employees. However, some companies choose to offer health insurance to their part-time employees, and this has been trending in the hospitality industry.
The high costs and fluctuating premiums of small business health insurance plans often make them inaccessible to hospitality businesses. For example, Small Business Health Insurance plans available through the Affordable Care Act's SHOP marketplace require 70% employee participation, which is difficult to achieve in hospitality. Medicaid, a federal and state program, offers free or low-cost healthcare to eligible employees, but it is not universally available and often lacks comprehensive coverage.
OS BENEFiTS is a health benefits solution created specifically for the hospitality industry, offering affordable, ACA-compliant health insurance and wellness resources tailored for small businesses. This enables independent restaurants to support their teams without incurring high costs.
Some companies that offer health insurance to part-time employees include:
- JPMorgan Chase: Part-time employees who work at least 20 hours per week are eligible for health insurance coverage, prescription drug, vision and dental coverage.
- Costco: Cashiers and other part-time hourly employees can enrol in one of several health insurance plans after 60 days of continuous service.
- CVS Health: Employees who work at least 30 hours a week are offered medical and prescription coverage. Those who work 12 to 29 hours a week are eligible for a fixed indemnity plan.
- IKEA: Employees can begin medical and prescription benefits within 15 days of starting work.
- Staples: Part-time employees who work at least 15 hours a week are offered a "fixed benefit" health plan.
- Nike: Part-time employees who work over 30 hours per week are eligible for full-time benefits, including health savings accounts and long-term care insurance.
- Trader Joe's: Part-time crew members are eligible for low-cost insurance plans for medical, vision, and dental coverage.
- UPS: Part-time employees can choose basic health plans to cover preventative medical and dental services.
- Lowe's: Part-time employees are eligible for a health plan covering the cost of all preventative care and up to four primary care visits per year.
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Health insurance for part-time employees in finance
Health insurance benefits are a valuable perk for part-time employees, and some companies in the finance industry are offering them. While federal law does not require employers to offer health insurance to part-time employees, it is becoming an increasingly common practice.
JPMorgan Chase, for example, hires a significant number of part-time associate bankers, and as long as they are scheduled for at least 20 hours a week, they are eligible for health insurance coverage, prescription drug, vision, and dental coverage. Additionally, part-time employees at JPMorgan are automatically enrolled in the company's 401(k) plan, which offers up to 5% in matching contributions.
Another financial institution that offers health insurance to its part-time employees is the American Red Cross. To be eligible, employees must work at least 20 hours per week and can select from four plans with varying levels of coverage and costs.
Some companies, like Staples, offer a "fixed benefit" health plan to part-time employees who work a minimum number of hours, which in this case, is 15 hours a week. This plan can also extend to family members.
While not in the finance industry, it is worth noting that companies like UPS, Trader Joe's, and Costco are pioneers in providing health insurance and other benefits to their part-time employees.
Part-time employees in the finance industry should carefully review the benefits offered by their employers, as the availability and specifics of health insurance plans can vary significantly across companies.
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Frequently asked questions
Some companies that offer health insurance for part-time employees working less than 30 hours per week include:
- Starbucks
- REI
- Staples
- Trader Joe's
- JPMorgan Chase
- Lowe's
- Costco
- Ikea
- CVS Health
Some companies that offer health insurance for part-time employees working 30 hours per week include:
- Nike
- Chipotle
- Delta
- Activision Blizzard
- UPS
Yes, some companies offer health insurance for part-time employees working more than 30 hours per week, including:
- Amazon
- Ikea
Yes, REI and Ikea offer health insurance to part-time employees without specifying a minimum number of hours.
Yes, Starbucks offers health insurance to part-time employees who work a minimum of 20 hours per week for three months.
