Does Walmart Offer Health Insurance – Common Cents Mom

Walmart is a massive company that has made it their mission to offer low prices and great customer service. In addition to the products they sell, Walmart also offers employees and customers with health insurance benefits.

Walmart has offered health insurance benefits for a while now, and this has helped many individuals save money on medical expenses. This is a great benefit for employees and customers alike, especially if they have to pay out of pocket for medical expenses.

Why Get Health Insurance From Walmart?

Healthcare can be a very expensive endeavor, especially if you have to pay right out of your own pocket. Without insurance, should you get into an accident or have an illness, you will have to pay out of pocket for the entire cost.

To combat the high cost of healthcare, many turn to purchasing health insurance. One of the best things about Walmart’s health insurance is that it is very affordable. In addition, they offer a wide variety of options for employees and customers alike, so you can be sure to find a plan that fits your needs and budget the best.

What are the Health Insurance Options Walmart Offers?

Walmart offers a variety of health insurance options. Here are some of the most common plans they offer:

Walmart’s Health Savings Account (HSA)

Walmart offers an HSA plan that is designed to help you save money on medical expenses. If you have an HSA, you can save money by deducting money from your paycheck and using it to pay for medical expenses.

In one such account, you can set aside money that is pre-tax, including up to $3,500 per individual or $7,000 per family for medical expenses. Keep in mind that HSAs are permitted only if you have a High Deductible Health Plan (HDHP). You need to first make sure with your plan administrator if you truly are eligible for an HSA.

Walmart’s Flexible Spending Account (FSA)

A Flexible Spending Account (FSA) is a great way to save money on medical expenses. It is similar to an HSA, but it is designed for use by employees who have health insurance. If you have an FSA, you can save money by paying for medical expenses with pre-tax dollars.

Through it, you can set aside pre-tax dollars for medical expenses, with the maximum amount of $2,700 per year. Through flexible spending accounts, you can save money on certain medical and dental costs that are covered by the plans. Your FSA dollars can also be used to cover certain over-the-counter healthcare products for you and any dependents on your federal tax return.

Medicaid

In some states, Walmart offers Medicaid coverage. If you live in one of these states, you can apply for Medicaid and be eligible for coverage. By purchasing Medicaid from Walmart, you can get health insurance for free or at a low cost.

This is eligible to those who are lower-income, as well as people with disabilities and people who are pregnant. The requirements for becoming eligible are determined by your state, so you should check with your local Medicaid office for more information.

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