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Report: Sears To Offer Cash Rather Than Health Insurance Plans

Report: Sears To Offer Cash Rather Than Health Insurance Plans

Two big employers, including one based in the Chicago area, are changing the way they provide health insurance to their workers.

As WBBM Newsradio’s Regine Schlesinger reports, Sears Holdings Corp., headquartered in Hoffman Estates, and Darden Restaurants Inc., which owns the Olive Garden and Red Lobster chains, reportedly are making a radical change that will be watched closely by other employers.

The Wall Street Journal reports the companies will give employees a fixed amount of money, then let them choose their health insurance from an online marketplace.

Source: CBS Chicago

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