Apple to extend full-benefit medical insurance to part-time employees in January 2010

Apple StoreApple will “extend full-benefit medical insurance to part-time employees in January 2010. According to sources, the benefits now offered only to full-time employees, including those who work at the retail stores, will be offered to those working as few as 15 hours a week, which would include nearly all store employees,” ifoAppleStore reports.

“The insurance benefit will apply to employees who have at least one year of service with Apple,” ifoAppleStore reports. “The change in coverage is significant, since American businesses have traditionally offered medical and other benefits only to full-time employees, and sometimes reduced benefits to those who work at least 20-hours a week.

ifoAppleStore reports, “Apple has 16,500 full-time equivalent retail store employees, according to the company’s latest financial filing. It’s estimated the staff is composed of about 9,900 part-time employees who will be affected by the insurance change. Based on the average cost of medical insurance policies purchased by employers, the annual cost of extending medical benefits to part-time store employees could be at least $80 million a year.”

“The sources say Apple now pays up to 65 percent of an employee’s health care insurance, with the employee paying the remainder. That pay-out will reportedly also apply to the part-time employees insurance coverage. That figure compares to an nationwide average of 73 percent, according to the 2009 Kaiser Family Foundation’s Employer Benefits Survey,” ifoAppleStore reports.

Full article here.

41 Comments

  1. “…Voters Trust Republicans More On 10 Top Issues:…”

    Well, not in the last election they didn’t. And of course, the next election hasn’t happened yet. This is more GOP talking-points hype that has nothing to do this Web site.

  2. P.S. …so MDN can delete comments from “suspected astroturfers”, but allows completely off-topic political posts to stand? Are you trying to emulate the consistency of App Store rejections?

  3. Good move, Apple. As a physician, I truly hope that more employers follow Apple (and Walmart’s) lead, and take more control of the insurance issue in this country. Things like negotiating with the big insurers, pooling resources, including options for MSA’s with employer contribution, etc, will not only put pressure on insurance companies to compete, but will potentially take the money out of the hands of the insurers (and the government) and put it into the pockets of the people, and would thus allow them to make their own decisions about medical care. And this would cost nothing more than what we’re paying right now. But further legislation is needed to bring costs down, no doubt.

  4. Ho! Apples cares for workers? Damn! Some people will come out pretending Apple is communist!

    PS What is this crazy bigot extremist Sarah Palin doing on this website? A shame for human consciousness!

  5. This one time, before I opened my eyes and learned that a big federal government is a hindrance to freedom and stifles innovation, I actually supported the government-forced break-up of Microsoft several years back to benefit Apple.

    And this other time, before I took the advice of people who knew him to heart, I actually supported Obama. ‘Course, with McCain as the other choice, that wasn’t too difficult.

    And then I studied and learned that it WAS the government that directly and indirectly created the economic problems we have today. And I watched how Apple continued to innovate and ‘skate to where the puck is going to be’ and saw how they are continuing to best Microsoft all by themselves. Using the marketplace.

    So now, this time, I fight against big government AND Obama. And anyone who thinks such self-serving twaddle.

  6. Love it. Give your employees insurance, but the welfare queens who think they can suck our nation’s financial dry like the tick Democrat spendthrift junkies have another thing coming.

    Suck off someone else’s welfare. Go beg in that shithole San Francisco

  7. 1. Most part-time Apple Store employees don’t stay with the company longer than a year, so won’t quaify.

    2. The typical part-time Apple Store employee makes $10 an hour. Having to pay out for even 35% of the insurance premium when you work 20 hours a week isn’t really possible.

    This is more PR than practical policy. It’s a nice gesture, but of little use to the bulk of the uninsured employed by Apple Retail.

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