Nope, I wasn’t kidding. Is there anything that the “great” Wal Mart won’t do or try?
ExtendChoice(TM) is a defined contribution health care program that allows employers to provide their employees tax free dollars to be used to secure their own individual health insurance and/or pay for qualified medical expenses. Traditional employer-sponsored group plans can cost $5,000- $10,000 per worker per year with increasing out-of-pocket costs, deductibles and co- pays. The ExtendChoice(TM) solution allows the employee to pick an individual plan that best fits his needs and budget which typically results in substantially lower insurance costs. The employee selects from a wide range of plan designs (PPO, HMO and HSAs) with his personal doctors and local medical facilities included “in network”.
Press Release, December 30, 2005. “SAM’S CLUB Introduces Affordable Health Insurance Solution Nationwide” Yahoo Finance. Retrieved from http://finance.yahoo.com on January 3, 2006.