Walmart to Begin Selling Health Insurance Plans
Customers can find a vast range of goods at Walmart (NYSE: WMT). Starting next week, they will be able to put a health insurance policy in their shopping cart, too.
The big retailer announced Tuesday that it is launching Walmart Insurance Services, a licensed brokerage, on Thursday, Oct. 15. The unit, which is licensed in all 50 states plus the District of Columbia, will begin by selling Medicare insurance plans. The start date is no accident, as that is the beginning of Medicare's Annual Enrollment Period (which runs through Dec. 7).
In that initial stage, Walmart Insurance Services will sell Medicare plans from a variety of well-known providers, including but not limited to Humana, Anthem, and UnitedHealth Group's UnitedHealthcare. The company says more might be added in the future.
Source Fool.com