Meijer, Walgreens, Kroger and Arby’s are among the retailers that are lowering their rates for employees, including $500 to $1,000 a month for some full-time employees.
The announcement comes as more than a dozen states have enacted a law requiring retailers to provide health insurance for workers.
The company said Friday it is cutting the rate by $1.25 to $500 for full-timers and $1 to $2,000 for part-timters, to help employees save money on health insurance.
Some of the changes, which were not announced at the time of the announcement, include allowing employees to pay $1 a week toward health insurance and allowing employees with up to one-third of their pay to participate.
“Meijer is committed to providing our associates with the best possible support for their business, and we are committed to helping them make the best decisions for their families,” the company said in a statement.
The companies said the reduced cost to the company of offering these benefits is offset by the additional cost of health insurance that is needed.
“This is part of our overall strategy to improve the health of our associates and their families.
Meijers continued commitment to the people of Texas continues to be a top priority,” said Mark Pritchard, chief financial officer at Meijerman.
The announcement follows a recent announcement by Kroger that it is lowering its $500 annual fee to $200.
Kroger said in October that it will cut its annual fee by $100.
The company said this week it will reduce the fee to as low as $250 for its full- and part-time associates.
“We have a long-standing commitment to our associates to be the best value they can be for their employers and are committed that these new cost savings will help keep our associates in the workplace and our associates are able to make the right choices for their health and well-being,” Pritchers statement said.
Meijers announcement comes on the heels of the Kroger announcement last week that it plans to cut its $1-per-month cost of employer-sponsored health insurance by $10.
Krogers announcement came on the same day that Kroger was given approval by the Federal Trade Commission to lower the cost of its employer-provided health insurance premiums.
The changes will apply to both full-year and part year associates.