as informed in cnbc
Starbucks to offer health insurance to some workers via private exchanges
Starbucks to offer health insurance to some workers via private exchanges
At the same time, "Starbucks will continue to fund approximately 70 percent of the premium costs and cover 100 percent of preventive care services," the company said.To help workers navigate both the new private exchange, and "get the most out of their health-care plans," the company said employees will have access to advisors known as "Healthcare Advocates" at any time during the year.The announcement comes a week after Starbucks said it would raise the base pay of all workers and store managers by 5 percent or more in October, and would also double the annual award of its stock program for hourly workers who have been employed by the chain continuously for at least two years.
besides smh
How average income earners will be pushed into private health insurance by 2020
How average income earners will be pushed into private health insurance by 2020
By 2020 average income earners will be forced to buy private health insurance or pay extra tax after the government quietly extended a freeze in the threshold for the Medicare Levy Surcharge.The income threshold, where rebates start to phase out and taxpayers without private cover are charged the surcharge, will stay fixed at $90,000 for singles until June 2021.The Medicare Levy Surcharge originally targeted high-income earners and was indexed to average weekly full-time ordinary-time earnings.
not to mention latimes
Starbucks unveils a private health insurance exchange. Is that a good thing?
Starbucks unveils a private health insurance exchange. Is that a good thing?
To hear Starbucks tell it, the company's introduction this week of expanded insurance choices for workers represents a major advance in health coverage."Providing industry-leading benefits for eligible full- and part-time partners is a cornerstone of who we are as a company," Ron Crawford, Starbucks' vice president of global benefits, said in a statement."Much like a travel site, our partners will be able to navigate an easy-to-use online platform to choose between more insurance carriers and coverage levels at more competitive prices to help them find the right plan for their own needs."By switching to a plan "that better meets their individual needs," the company said, employees could save as much as $800 a year.
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