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Sam's Club To Sell Health Plans
New Plan Available On Wednesday
POSTED: 1:52 pm EST December 30,
2005
UPDATED: 1:58 pm EST December 30,
2005
DALLAS -- Sam's Club plans to unveil a new health-insurance offering for some of its customers on Wednesday, making such a service available nationally for the first time. Friday's Wall Street Journal reported that the membership-warehouse division of Wal-Mart will let small-business owners with Sam's Club memberships buy health-insurance plans for their employees through Extend Benefits Group, an insurance broker. While the coverage is available elsewhere, Extend Benefits will charge Sam's Club members lower administrative fees.
It'll cost $150 to establish an account instead of $500, with a monthly administration fee of $4 rather than $5. The arrangement provides no additional revenue for Sam's, but it could help the Wal-Mart unit justify a previously announced increase of its membership fee.Sam's Club is the nation's largest warehouse chain.
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Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
