Your health insurance card serves as proof that you have health coverage, enabling you to use it when receiving care. Typically, it includes key details about your plan such as its name and cost.
As soon as you receive your card, thoroughly review it to check for errors that could prove costly in terms of wasted time and money. Mistakes can have serious repercussions.
Life Insurance
All full-time hourly and management associates are automatically enrolled in company paid life insurance, which can assist with funeral costs as well as debt such as credit card bills. You may also qualify for accidental death and dismemberment (AD&D) coverage that provides benefits if an accident results in loss of limbs, speech or hearing as well as paralysis or total permanent disability.
Life insurance from Prudential can be obtained through plans administered and sponsored by Prudential. Their policies adhere to federal ERISA laws that ensure your claim will be treated equally regardless of where in Texas or New York it was filed.
As soon as your life insurance information becomes available online, you can view it 24/7 with Walmart’s Memorandum of Insurance (MOI). An MOI displays insurance information similar to a Certificate but without signing from policyholder or cancellation wording found on a Certificate. Walmart will update MOI at Evidence of Insurance web site at time of renewal or any major changes such as coverage term length or company.
Critical Illness Insurance
Critical illness policies typically offer policyholders a lump sum when diagnosed with one of the conditions listed on the insurance plan, making sure financial burdens of serious illness do not add further stress and strain while you focus on recovery and work. Such policies tend to be affordable and cover out-of-pocket expenses which primary insurance might not.
Walmart provides associates with several types of supplemental health coverage options. All full-time hourly associates are automatically enrolled in life insurance and eligible for company paid family medical plans; in addition, Securian provides critical illness insurance, unlike life policies it is not tied to mortgage payments or living expenses but instead can be used however you see fit: pay medical bills, cover transportation needs or take your family on an unforgettable adventure! For more information about this benefit, watch this video then log onto your dashboard to decide if adding it would enhance your benefits package.
Dental Insurance
Dental insurance provides coverage that helps pay for routine cleanings, X-rays and fillings as well as more involved treatments like root canals or crowns – helping reduce the cost of orthodontics in turn. Plans typically can be obtained through employers or through government Marketplace programs.
Walmart employees enjoy access to an affordable dental plan that covers preventive services and essential procedures – including orthodontia – at Walmart Dental Plan. Their monthly premiums make this benefit invaluable for associates.
Walmart has formed strategic alliances with licensed dental service providers in order to offer an array of oral health treatments, such as gum therapy, teeth cleanings and fluoride treatment services to customers who might otherwise not have access to such care. Through these arrangements, Walmart can make available such dental services more widely to its customer base.
Delta Dental, a premier national provider of dental benefits, provides our company’s dental plan. They offer both preferred provider organization (PPO) and dental health maintenance organization (DHMO) plans; PPO plans typically feature an established network of dentists who agree to treat our plan’s patients for discounted fees while DHMO plans resemble HMO plans but do not involve any deductible payments.
Vision Insurance
Vision insurance is often purchased as an add-on to health plans or purchased independently, providing coverage for eye exams, frames and lenses as well as possible bifocal or trifocal lenses. However, it’s important to keep in mind that vision insurance should not be confused with eye therapy services.
Walmart Vision Center provides eyecare to meet a range of eye needs at competitive prices. You can book an appointment with an optometrist and find reasonably priced frames and contacts on its website, plus there is often something unique just waiting to be discovered here!
Some Medicare Advantage plans provide vision coverage, which means your exam and part of the cost for glasses or contacts will be covered. If you have Medicare Supplemental insurance, check whether Walmart is contracted for this coverage as well.
Walmart also offers an optional and store-specific Product Protection Plan that offers replacement eyeglasses or sunglasses if they become lost or broken within 12 months of their original date of purchase. Unfortunately, this does not cover normal wear and tear damage or theft and theft losses. This protection plan cannot be transferred and becomes null and void within thirty days from purchase date.
Prescription Drug Coverage
Walmart provides Medicare beneficiaries with an affordable prescription drug plan with lower cost-sharing than most health insurance plans, in addition to large pharmacies and retail walk-in clinics. Furthermore, Walmart announced plans to acquire humana.
Your Medicare Part D plan may require copayments or coinsurance for certain drugs, while premiums, deductibles, and other costs can differ substantially between Medicare Advantage Prescription Drug (MAPD) plans and standalone PDPs. It’s essential to carefully consider these costs as well as your medication needs when selecting an AEP or Special Enrollment Period plan; AEP and SEP provide invaluable opportunities to review coverage options.
New research published in Annals of Internal Medicine indicates that Walmart’s $4 generic prescription drug program may actually work out to be cheaper for some Medicare beneficiaries than their own health insurance, according to NBC News. The data analysis from pharmacies across the US indicated many similar drugs available through Walmart can also be purchased at lower prices at other pharmacies – even some grocery-based pharmacies!
To maximize your Medicare Part D plan, visit a preferred network pharmacy. These pharmacies are selected by your Medicare Advantage or PDP plan and offer lower cost tier 1 and 2 medications at competitive prices. You can locate this list of pharmacies through either your plan’s website or customer service.
Emergency Travel Insurance
Companies increasingly are offering healthcare options with medical travel in mind, like Walmart recently did with coverage at six hospitals outside their local areas for employees with certain health plans. PepsiCo already does this for its workers with John Hopkins medicine.
Most travel insurance policies contain a Deductible, which is the amount you must pay out-of-pocket before benefits start rolling in from your policy. When selecting a plan with travel medical benefits, this is something to keep in mind because you may have options with lower or higher Deductibles available to you.
Make sure that you carry with you when traveling abroad the contact details for the travel insurance company’s 24-Hour Emergency Assistance program, in case there is an unexpected incident that requires emergency help. Keep this information with your card so it can be given directly to a representative who can assist in an emergency situation.
MoneyCard
Walmart’s MoneyCard provides frequent shoppers with many free services and benefits, from loading funds onto it at store registers or Walmart MoneyCenters to direct deposit of payroll checks or government benefits from employers or agencies (with up to two day automatic transfers back into bank accounts depending on when your paycheck arrives at Walmart).
Green Dot Bank offers the Walmart MoneyCard as part of its overdraft protection and savings features, with free overdraft protection for qualifying accounts, 2% savings interest rate, an integrated savings account without minimum balance requirements and no minimum overdraft protection fee. Ideal for people without bank accounts looking to build financial security – and can even be used by parents as an effective way of teaching kids budgeting!
But keep in mind that Walmart MoneyCard comes with some fees you should keep an eye out for, including an annual fee unless direct deposit is set up and ATM withdrawals can only take place at in-network ATMs. Before selecting one of these prepaid cards, be sure to consider other prepaid cards with lower fees, more services and an extensive ATM network as potential alternatives.