Starbucks Expands Health-care Benefits For All Eligible Part-time And Full-time Workers

By Tonya GarciaMarketsMarketWatch Pulse

Starbucks Corp. said Monday that it is expanding health-care benefits for all eligible part-time and full-time workers. A new online platform created with Aon PLC will offer as many as six carriers and five levels of coverage. Workers could save up to $800 annually by selecting a plan that better suits their needs, Starbucks said in a statement. Starbucks staffers will also have access to Healthcare Advocates to help choose a health care plan. The company will continue to cover about 70% of premium costs and 100% of preventive care services. Starbucks employs more than 160,000 workers and has been providing health care to eligible workers since 1988. Starbucks shares are down 0.2% in Monday trading and 4.5% for the year so far. The S&P 500 is up 6.1% for the year to date.

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