Walmart-Anthem deal improves access, reduces costs
Walmart and Anthem struck a deal that enhances convenience and access for senior consumer.
The companies said that their new partnership will allow patients enrolled in Anthem’s Medicare Advantage plans to use their insurance to cover some over-the-counter medications costs and health services.
“Creating a better healthcare future requires us to think differently about how we can develop innovative and meaningful healthcare solutions for consumers,” said Felicia Norwood, Executive Vice President and President of Government Business Division for Anthem. ”We are pleased to join with Walmart to create an initiative that combines Anthem’s deep understanding of the needs of senior consumers, with Walmart’s unwavering commitment to saving people money and developing a seamless shopping experience.”
The Anthem-Walmart program will include the ability to use Walmarts free two-day shipping with orders of $35 or more. The company says that this new initiative is expected to be important to older adults who seek more value for their money and a convenient shopping experience. According to the Social Security Administration, nearly a quarter of married seniors and four out of 10 unmarried older adults rely on their Social Security benefit, which averages just over $1,400 a month, for at least 90 percent of their income.
Walmart currently provides another Medicare Advantage plan through a partnership with Humana. The company hosts wellness days within its stores and promotes an exclusive line of diabetic supplies known as ReliOn.
“Walmart is committed to making healthcare more affordable and accessible, and we are in constant pursuit of new ways to deliver on this commitment,” said Sean Slovenski, Senior Vice President of Health and Wellness for Walmart U.S. “We are thrilled to be working with Anthem to provide its Medicare Advantage members with convenient access to our broad assortment of high-quality over-the-counter products – all available at everyday low prices.”
Anthem members will still be able to use their cards to shop at other retailers for their health needs, however, the company will be encouraging them to shop at Walmart.