Medhealth Review

Some Enterprises are Considering Health Insurance for Part-time Employees As Well

Health insurance is possible for part-time employees as well. Around 13 companies are willing to extend health insurance to their part-timers. However, the majority of enterprises give full-time health coverage to permanent employees.

As of 2022, the average cost of a company-sponsored health insurance plan is around $22 463.

The move is widely perceived as an attempt to reduce the employee attrition rate. 

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Starbucks is part of the list of companies offering this benefit. At Starbucks, Hourly employees become qualified for help, such as health insurance. However, they must continuously work 240 hours a day for three months.

To staff its locations across the nation, JPMorgan Chase recruits a sizable number of associate bankers on a part-time basis. These workers are qualified for health insurance as long as they are consistently scheduled for at least 20 hours per week.

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The Fair Labor Standards Act does not specify any other distinction between full-time and part-time employees than the amount of time they commit to their jobs.

The employers can decide on any other criteria applicable to part-time and full-time employees. 

For companies, this approach has proven as an effective way to retain employees to a very great extent.

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