The open enrollment period for the Affordable Care Act is winding down. With President-elect Trump just weeks away from stepping into office, people are worried about what will happen to the policies they purchased through the health insurance marketplace.
For young graduates and those who purchase their own insurance, there’s plenty of uncertainty.
During this period, you can rest easier knowing that there are many retailers and companies that offer health insurance for part-time workers. While it may not be a long-term solution, working part-time can help get you coverage while the government identifies a plan for the future.
Below, learn about seven companies who provide health insurance for part-time workers.
Bulk discount store Costco offers some of the most competitive benefits to its full- and part-time employees. Not only do they offer coverage to their workers, but they will also cover spouses, partners, and children.
Hourly employees are eligible for coverage after working 600 hours or 180 days, whichever comes first. The coverage plans include medical, dental, vision, prescription medications, hearing aids, and behavioral health benefits.
And because most Costco stores have their own vision centers and pharmacies, workers can take advantage of the store’s savings. Employees can access inexpensive eye exams, glasses or contacts, and prescription medications (some for as little as $3!).
As the nation’s second-largest home improvement store, Lowe’s is committed to its employees. They offer full benefits to part-time associates, including preventative medical coverage, a pharmacy discount card, vision and dental care, life insurance, 401(k) plan, and an employee stock purchase plan.
Unlike other companies, part-time workers at Lowe’s are eligible to enroll on their date of hire. New workers have 31 days to enroll as part of a special enrollment period.
3. Caribou Coffee
Niche coffee company Caribou Coffee offers benefits to part-time workers normally only associated with full-time employment.
The company does require part-time employees to work at least 20 hours a week to be eligible, but for workers who meet that requirement, Caribou Coffee offers medical, vision, and dental coverage. They also offer a 401(k) and paid time off.
Outdoor and camping retailer REI says that rewarding employees with a complete rewards package made up of a competitive base pay, incentives, benefits, and other perks is a core part of its philosophy.
That’s why both full- and part-time employees are eligible not only for their annual incentivized bonus plan, but also for health, life, and disability plans.
To qualify, part-time employees must average at least 20 hours a week. Once eligible, they can choose from a range of medical plans for themselves and their dependents.
REI covers the majority of the premiums, and employees can opt for additional services like vision care or long-term care coverage for an additional fee.
Starbucks calls their benefits package their “Special Blend.” Part-time employees working at least 20 hours a week can get health coverage, including medical, dental, and vision. Benefits also include life insurance, disability coverage, and tuition reimbursement.
To be eligible, part-time employees must work at least 240 hours over the course of three consecutive months (that breaks down to 20 hours a week). Once you’ve completed that period, you are eligible for benefits on the first day of the second month afterward.
For example, if you were hired on May 2, you would need to complete your 240 hours during June, July, and August. If you met the requirement, you’d select your benefit plan in September, and your coverage would begin on October 1.
UPS boasts full-time quality benefits for its part-time employees. Hourly employees get access to comprehensive benefits, including medical and dental coverage, tuition assistance, and more.
However, to be eligible for the full range of benefits, some part-time employees may have to work for a full twelve months.
UPS also offers a unique Earn & Learn program, where part-time employees can pursue a degree while earning a tuition stipend of more than $5,000 a year (maxing out at $25,000). Eligibility begins the day you are hired.
7. Whole Foods
If you love shopping at Whole Foods, you might also love working there — they offer amazing benefits to their employees, including health insurance and a health savings account for part-time workers.
Part-time employees who work over 20 hours a week and complete their probation period are eligible for Whole Foods Market benefits. Plus, as a Whole Foods employee, you and your spouse or partner get a 20 percent store discount.
The retailer also holds a company-wide benefits vote, where employees get a chance to weigh in on the perks that are most important to them.
Health insurance for part-time workers
If you’re worried about your health insurance access or rising premium costs, getting a part-time job with a retailer that offers coverage to its workers may be a good option for you.
Not only will you get much-needed medical coverage, but you’ll also earn extra income to help build up your savings or pay down debt faster.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.54% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of March 18, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 0318/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.5% effective February 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.54% – 7.12%3||Undergrad & Graduate|
|2.54% – 7.27%1||Undergrad & Graduate|
|2.67% – 8.96%4||Undergrad & Graduate|
|3.23% – 6.65%2||Undergrad & Graduate|
|2.54% – 7.43%5||Undergrad & Graduate|
|2.98% – 9.72%6||Undergrad & Graduate|