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Olive Garden / Mario Tama, Getty Images

Two Major Companies Switch to Health Insurance Allowance — Dollars and Sense

Last week, Sears and Darden Restaurants (Olive Garden, Red Lobster) announced that they were seriously entertaining the idea of doing away with their traditional health insurance programs and opting instead to provide their employees with a heath-coverage allowance.

The two major American companies plan to allow employees to select coverage through an online marketplace, where workers will have the opportunity to browse and purchase various employer-backed health plans.

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