Wednesday, February 20, 2013

Universal Non-Health Insurance

The folks at Universal Orlando have read the Obamacare tea leaves and decided providing health insurance for their part time employees is not in the cards. Part-timers health insurance benefits will terminate 12/31/2013.
Universal currently offers part-time workers a limited insurance plan that has low premiums but also caps the payout of benefits. For instance, Universal's plan costs about $18 a week for employee-only coverage but covers only a maximum of $5,000 a year toward hospital stays. There are similar caps for other services.
Orlando Sentinel

OK, so it's not comprehensive coverage, but the point is, the employer is dropping coverage due to Obamacare constraints.

While other employers are laying off employees, and reducing hours to less than 30 hours per week, here is a company dropping existing coverage.

This idea of universal health insurance isn't playing out so well.
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