Walmart is formally launching its new insurance coverage brokerage forward of Medicare open enrollment kicking off subsequent week.
Walmart Insurance coverage Companies is licensed in all 50 states and the District of Columbia, in line with a weblog publish from the retail big, and can provide Half D, Medicare Benefit and Medicare complement plans from a slew of insurers together with UnitedHealthcare, Humana, Anthem and WellCare Well being Plans, which is now a subsidiary of Centene Company.
It is going to additionally embrace plans from Amerigroup, Merely Well being, Clover Well being and Arkansas Blue Cross and Blue Protect. Walmart will even be teaming up with Clover to supply its personal co-branded MA plans.
Licensed Walmart insurance coverage brokers shall be accessible to help members in choosing Medicare protection starting with the upcoming open enrollment interval for the 2021 plan 12 months, which begins on Oct. 15.
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“We wish clients to really feel assured in choosing a Medicare plan that most closely fits their wants, funds and way of life,” David Sullivan, normal supervisor of Walmart Insurance coverage Companies, mentioned in a press release. “And we need to be a trusted associate on their well being care journey. Serving to clients choose the precise Medicare insurance coverage plan to fulfill their wants aligns with Walmart’s mission of serving to individuals get monetary savings and dwell higher.”
Only one in 10 Medicare beneficiaries have signed up for the plan that may save them probably the most on out-of-pocket prices, Sullivan mentioned. Walmart is aiming to simplify the usually complicated and cumbersome means of enrollment, in line with the weblog publish.
Walmart quietly unveiled the insurance coverage brokerage earlier this 12 months when it posted job listings for insurance coverage brokers based mostly within the Dallas-Fort Price market.
These steps into the insurance coverage market are a part of retailer’s bigger push into the healthcare market, which facilities round its rising variety of Walmart Well being clinics. These clinics, that are connected to conventional Walmart shops, provide a slew of well being companies for a flat payment to each insured and uninsured sufferers.
Walmart intends to have not less than 22 clinics throughout Georgia, Florida, Arkansas and Illinois open by the top of 2021.