Two industry leaders form program to increase access to affordable over-the-counter medications and health products for Medicare-eligible individuals
INDIANAPOLIS, Ind., August 20, 2018 – Anthem, Inc. (NYSE: ANTM), one of the nation’s leading health benefits companies, announced today an arrangement with Walmart to advance the companies’ mutual goals of reducing healthcare costs and providing consumers with increased access to over-the counter (OTC) medicines and services that can improve their health.
The Anthem-Walmart program, launching in January 2019, will enable consumers who are enrolled in Anthem’s affiliated Medicare Advantage (MA) plans to use OTC plan allowances to purchase OTC medications and health-related items, such as first aid supplies, support braces, and pain relievers at Walmart’s 4,700 stores and on Walmart.com. The new collaboration is expected to improve access to these items while significantly reducing the out-of-pocket costs for those enrolled in Anthem’s affiliated MA plans.
"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, Government Business Division, 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. We believe that programs like this can make a tremendous difference for healthcare consumers who often live on a fixed income or are managing chronic medical conditions."
Walmart is committed to making healthcare more affordable and accessible, and we are in constant pursuit of new ways to deliver on this commitment. 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.
With more than 90 percent of Americans living within ten miles of a Walmart store and the retailer offering a number of services to ease consumers’ lives, including free two-day shipping with Walmart.com orders $35 or more (without a membership fee), which will also be available in the Anthem-Walmart program, 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.
Anthem. Inc. is a Medicare Advantage and Prescription Drug plan with a Medicare contract and a contract with the State Medicaid Program. Enrollment in Anthem, Inc. depends on contract renewal.
About Anthem, Inc.
Anthem is working to transform health care with trusted and caring solutions. Our health plan companies deliver quality products and services that give their members access to the care they need. With over 73 million people served by its affiliated companies, including nearly 40 million within its family of health plans, Anthem is one of the nation’s leading health benefits companies. For more information about Anthem’s family of companies, please visit www.antheminc.com/companies.
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, nearly 265 million customers and members visit our more than 11,200 stores under 55 banners in 27 countries and eCommerce websites. With fiscal year 2018 revenue of $500.3 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.