Starting January 4th, Sam’s Club, a division of Wal-Mart began offering health insurance to member small businesses.
Sam’s Club previously offered small-group health insurance plans to members in 12 states and a discount program on health care services from UnitedHealth Group’s Health Allied in all states.
The new offerings will be available in all 600 stores nationwide. Sam’s Club members who own a small business will be able purchase health insurance plans with the stores through insurance broker Extend Benefits Group.
Employers will be able to choose the amount the company contributes to the employees’ insurance costs, and employees will be able to choose from a number of different plans offered by Extend. Offerings will range from an HMO with no deductible to a PPO with a $10,000 deductible, and premiums will be based on each employee’s age, location and health status.