This website is a member of Liberty Alliance, which has been named as an company.

Wal-Mart Employees to Pay More for Health-Care Plans

Tuesday, November 13, 2012

walmart_store_2010b_200

Wal-Mart Stores’ U.S. employees will pay between 8 percent and 36 percent more in premiums for its medical coverage in 2013, prompting some of the 1.4 million workers at the nation’s largest private employer to say they will forego coverage altogether.

In mailings sent to employees for its recently completed open-enrollment period, Wal-Mart [WMT 72.47 0.16 (+0.22%) ] noted that its rates would increase because health-care costs continue to rise.

For its most popular plan, which covers individuals, the payment per bi-weekly paycheck is going up by $2, or 13 percent. Other plans will see larger increases as the world’s largest retailer, known for low prices, tries to control its own costs.

Post Continues on www.cnbc.com

Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.