by Lyle Adriano 09
Jul 2020
In a
surprise move, retail corporation Walmart has entered the health insurance
market – and has even begun hiring licensed insurance agents for its new
business.
The
company announced in a virtual conference that it would start selling health
insurance plans with the creation of “Walmart Insurance Services LLC.” MedCity
News reported that the new business’s name was first filed with the
Arkansas Secretary of State late last month.
“We
currently offer access to insurance information in our Walmart Health locations,
and we have a long-standing education program called Healthcare Begins Here to
help people find the right insurance plan for them,” a Walmart spokesperson
said in an email statement. “We’re expanding our current insurance services to
now include the sale of insurance policies to our customers.”
In
another email statement to CNBC, Walmart confirmed the creation of
an insurance agency, but spokesperson Randy Hargrove would not share details
about the plans it would sell, or the pricing of those plans.
MarketWatch said that
Walmart has created a new posting on its website, on its Careers webpage. The
company indicated on the webpage that it is now looking to hire several
Medicare Insurance Agents for Walmart Insurance Services. Once hired, the
agents will begin work the first week of August.
“You will
be responsible for helping the Medicare community in a meaningful way, by
enrolling customers in Medicare products and services over the phone,” the
posting says.
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