Target is dropping health insurance for its part-time employees beginning April 1.
The retailer says it will stop offering health insurance to part-time workers because new online health exchanges offer them an opportunity to buy coverage.
About 10 percent of total employees have used the part-time coverage.Target says they will give each part-time worker $500 to help buy insurance. They have arranged for one-on-one consultations with a benefits manager to help with the transition.Target is the latest company to scale back benefits in response to the Affordable Care Act.(The Associated Press contributed to this article)READ: 2 nabbed at Texas border in Target data breach case