Dive Summary:
- Sprouts Farmers Market has joined a recent trend among some retailers which plan to no longer offer company-sponsored health coverage for staff members.
- “After researching the impact of the Patient Protection and Affordable Care Act on our company, we realized that many of our part-time team members could be negatively impacted if we offered them medical coverage in 2014,” said the company in a statement.
- Sprouts said the decision would impact up to several hundred current store employees. Retailers who have publicly announced their intentions to alter coverage for part-time staff include Trader Joe’s, Walgreen Co. and Wegmans Food Markets.
From the article:
“This is because the Patient Protection and Affordable Care Act mandates that our team members will not be eligible for health care insurance subsidies if we continue to offer medical coverage.” ... Sprouts said the changes will impact “several hundred” workers, who “will be able to take advantage of the low-cost coverage options provided by the government, while still maintaining Sprouts-sponsored benefits such as dental, vision and life.