Does Sam’s Club sell insurance?
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Asked May 5, 2015
As part of their extensive and exclusive Member Services, Sam's Club began offering health insurance for purchase under select circumstances in several states in October, 2014. Initially aimed at the small businesses that make up the core of Sam's Club clientele, the launch was the latest effort from a major retailer to offer a service that stretched beyond the industry’s traditional business of selling goods.
For small businesses, defined as businesses with two or more employees, Sam's Club has partnered with the insurance company Aetna to provide health insurance plans to Sams' Club Business Members, their employees and their families. Sam’s Club Pharmacy services are available on all Aetna/Sam’s Club Marketplace plans. Quotes can be requested via an online form. These plans are only available in 22 states.
For those searching for individual health coverage, Sam's Club offers Health Insurance Coverage through Marketplaces. By answering 6 simple questions about finances and family size on an online form, individuals can see quotes on available health plans that have been calculated via a special calculator. This online calculator tool was developed by the Kaiser Family Foundation in an effort to introduce the availability and existence of health insurance premiums and subsidies for people purchasing insurance on their own in new health insurance exchanges, also known as "marketplaces", which were created by the Affordable Care Act (ACA). The results provided by the calculator tool are not guaranteed by Sam's Club.
For senior citizens, aged 65 and over, Medicare Part D provides prescription drug coverage for those that participate in the Medicare program. Sam's Club pharmacies accept most Medicare Part D plans. They also provide services such as Medication Therapy Management to eligible Medicare participants. A link is provided on the Sam's Club website that leads to the official Medicare website with information about Medicare plans.
Answered May 12, 2015 by Anonymous