Trader Joe's to Drop Health Coverage for Part-Timers

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Specialty grocery chain Trader Joe's will no longer provide healthcare coverage to part-time workers and instead point them toward ObamaCare's new insurance exchanges, according to a report. 

The company, which provides some of the most generous worker benefits in the industry, told staff last month that those working 30 hours or less per week will no longer be eligible for healthcare coverage. 

Trader Joe's CEO Dan Bane reportedly promised part-time workers a $500 check next year and help understanding their new coverage options under ObamaCare.