Wal-Mart announces improvements to 2008 health benefits package
19 Sep '07
2 min read
Wal-Mart Stores Inc announced further improvements to the health care benefits it offers its 1.3 million full- and part-time U.S. associates.
With more personalized choices, reduced deductibles, pre-deductible health care credits and a $4 co-pay for over 2,400 covered generic prescriptions, the new benefits package will be more valuable and affordable than ever.
In fact, the company estimates the generic prescription program will save associates approximately $25 million in 2008. The company's open enrollment period will start September 22.
"We worked closely with our associates to design an even more affordable health benefits package based on what they told us they wanted and needed," said Linda Dillman, executive vice president of risk management, benefits and sustainability.
"Ninety percent of our associates now have health insurance and we want that number to increase. Our health coverage next year will be even stronger, offer more options and give people more tools to help them save money and live better lives."
"Wal-Mart has added benefits that associates value," said Helen Darling, president of the National Business Group on Health.
"Their addition of such a broad $4 generic prescription plan will not only help their associates with a valuable benefit but will make the entire prescription drug industry more affordable and competitive."
Darling added, "Wal-Mart's benefits for part-timers are unusually good for the retail industry -in fact, for a number of industries."
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