10 Companies That Offer Health Insurance For Part Time Employees

The 10 companies that offer health insurance for part time employees have unparalleled benefits for their employees irrespective of whether they work full- or part-time. Part-time jobs are getting extremely popular in the modern business world. It is becoming difficult for people to find a job of their choice, and they face redundancy due to technological innovation as well. As such, a large portion of the population is being attracted towards, or in some cases simply have no other choice but to take, part-time jobs. Many people also take these part-time positions owing to their limited availability due to family or personal obligations, school, training, or other time commitments.

The advantage of working part-time is that one can work flexible hours and have better time management skills. However, one of the biggest disadvantages of working part-time is the lack of benefits that often come with these positions, which full-time employees enjoy. Hence, finding a decent part-time job is not easy, as people want to work fewer hours, make more money for the work they do, and enjoy unrestrained employee benefits. According to the Bureau of Labour Statistics, 20.5 million people in the U.S worked part-time for noneconomic reasons in June 2016, up from less than 20 million a decade ago.

For further employee-benefits related reading, you might want to check out our list of the 10 companies with the best benefits packages.

Given the growing amount of part-time positions and the competition for talented part-time workers, it has become imperative for companies to recognize their efforts and offer them extensive benefits. The 10 companies that offer health insurance for part time employees have health, life & accident, and disability insurance, as well as basic dental and vision care not only for their part-time employees but also for those employees’ dependent partners. An increasing number of companies are also offering part-time workers a wide variety of conventional employee benefits, including health insurance, 401(k) plans, paid vacation, and more.

Deloitte, for example, lets some employees work four days per week. Amazon.com Inc. (NASDAQ:AMZN) meanwhile has decided to run a pilot program that would impart full-time benefits to its part-time employees. The company is on a hiring spree and will appoint 30,000 part-time employees who will work 20 or more hours.

On the following pages, you can read about 10 companies that offer health insurance for part time employees. We have come up with data from various sources like Fortune, abcnews and more, and picked 10 large public companies with the best benefits packages. These companies are then ranked based on their market capitalization. Check out the list beginning on the next page.

10. Whole Foods Market Inc. (NASDAQ:WFM)

Market Value – $11.7 billion

The grocery store chain offers health and life insurance to its employees that work 20 hours per week or more, and which have successfully completed a probationary period of employment. These employees are eligible for almost fully-paid health insurance premiums, paid time off and life insurance. The employees and their partners are also entitled to a 20% or more store discount and Gainsharing, which rewards teams based on store profits.

9. Activision Blizzard (NASDAQ:ATVI)

Market Value – $36 billion

An employee working for 30 hours a week is regarded as a part-time employee at video game developer Activision Blizzard (NASDAQ:ATVI). Such an employee is entitled to 100% coverage of his or her healthcare premium, including dental, vision, prescription drug, and mental health care. A part time employee’s dependents’ are also eligible for 80% company coverage. Activision Blizzard (NASDAQ:ATVI) ranked 66^th on Fortune’s 100 best companies to work for in 2017.

8. FedEx Corporation (NYSE:FDX)

Market Value – $51 billion

FedEx Corporation (NYSE:FDX) offers medical, dental, vision, and 401K to its part-time employees. In addition, these employees also have access to pension plans and paid training. Dock operations and package handling are some of the common part-time jobs available at FedEx Corporation (NYSE:FDX).

7. Lowe’s Companies, Inc. (NYSE:LOW)

Market Value – $70.8 billion

Part-time medical plans, pharmacy discount, dental, vision and life insurance, short-term disability, critical illness, and accident insurance are just some of the health benefits offered by Lowe’s Companies, Inc. (NYSE:LOW) to its part-time employees. In addition, they are also entitled to auto and home insurance, holiday, 401(k) plan, and employee stock purchase plan. The part-time employees at Lowe’s Companies, Inc. (NYSE:LOW) have to enroll within 31 days of their joining, and their benefits are effective upon the enrollment date.

6. Costco Wholesale Corporation (NASDAQ:COST)

Market Value – $75 billion

Costco Wholesale Corporation (NASDAQ:COST) offers generous healthcare coverage including medical, vision, prescription drug, hearing aid, and behavioural health benefits. Part-time employees are eligible to benefits after working for 600 hours or 180 days, whichever comes first. Employees can also increase their coverage to include their spouses and children as well. In addition, Costco Wholesale Corporation (NASDAQ:COST) also provides a core dental plan, basic life insurance, and accidental death and dismemberment policies at no cost to its part-time employees.

5. Starbucks Corporation (NASDAQ:SBUX)

Market Value – $84 billion

Starbucks Corporation (NASDAQ:SBUX) takes fifth place on the list of 10 companies that offer health insurance for part time employees, because of its ‘Your Special Blend’ program that offers extensive employee benefits like bonuses, 401(k) matching plans, and health/medical/dental plans for its part-time employees (those working 20 or more hours a week). Starbucks Corporation (NASDAQ:SBUX) also pays college fees for those employees, and offers career sabbaticals and other time-off programs. Employees also get a 30% discount on any food or drink purchase at Starbucks Corporation (NASDAQ:SBUX).

4. Nike Inc. (NYSE:NKE)

Market Value – $90 billion

We are continuing our list of companies that offer health insurance for part time employees with Nike Inc. (NYSE:NKE) that provides the best in class benefits to its part-timers, including health, life & accident, and disability insurance, basic dental and vision coverage, an onsite fitness center, and fitness discounts to its employees. Part-time employees can avail themselves of the benefits through working 20 hours or more each week. The employee’s benefits package also depends on his/ her position, location and years with the company. According to Nike Inc.’s (NYSE:NKE) employees, there are multiple package options to choose from.

3. United Parcel Service Inc. (NYSE:UPS)

Market Value – $93 billion

United Parcel Service Inc. (NYSE:UPS) ranks third on our list of companies that offer health insurance for part time employees. It is known for providing full-time benefits to its part-time employees. Its employees are eligible for medical, dental, vision and prescription drug coverage. In addition, there is life, sickness, accident, and long-term care insurance. Other than health benefit plans, United Parcel Service Inc. (NYSE:UPS) also offers vacation, stock purchase incentives and an education assistance program to its part-time employees.

2. Home Depot Inc. (NYSE:HD)

Market Value – $179 billion

Part-time employees at Home Depot Inc. (NYSE:HD) get dental, vision, short-term disability, and life insurance benefits. In addition, eligible dependents, including same-sex domestic partners, can also be covered under most plans. Other than health benefits, part-time employees at Home Depot Inc. (NYSE:HD) are also eligible for various financial, time-off and work/life benefits.

1. JPMorgan Chase & Co. (NYSE:JPM)

Market Value – $305 billion

JPMorgan Chase & Co. (NYSE:JPM) ranks number one on our list of 10 companies that offer health insurance for part time employees. Full healthcare coverage, life & accident, and long-term disability insurance are a few of the health benefits provided to part-time employees working more than 20 hours (but less than 40 hours) a week at JPMorgan Chase & Co. (NYSE:JPM). Other attractive perks for part-time employees include tuition fee reimbursement and retirement plans paid for by JPMorgan Chase & Co. (NYSE:JPM). The employees’ entitlement begins 90 days after their joining date.

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