Walmart has now entered the insurance business.
The news broke out after Walmart posted a job, saying it’s looking to hire insurance agents in the Dallas area to sell supplemental Medicare insurance.
The business is filed with the Arkansas secretary of state in late June, according to the Med City News report.
Walmart spokesman Randy Hargrove confirmed the creation of the insurance agency in a statement, but did not share details about the plans it will sell or their pricing.
“We’re always looking for ways to help our customers save money and live better, and insurance services is one another way we do that,” he said.
He said Walmart currently provides insurance information at Walmart Health, its primary clinic locations, and has an education program called Healthcare Begins Here that helps people find an insurance policy.
“We’re expanding our current insurance services to now include the sale of insurance policies to our customers,” he said.
The big-box retailer has opened primary-care clinics, made healthcare acquisitions and spoken about its broader ambitions. It previously teamed up with insurer Humana to offer a Walmart-branded Medicare prescription drug plan, but this marks the first time the retailer is setting up as an insurance broker.
Last month, Walmart reached a deal to acquire technology from CareZone, a start-up that helps people manage multiple medications. The retailer has opened four Walmart Health clinics in the U.S., with plans for more. The clinics offer a wide range of low-cost services, such as an annual checkup for $30 or a strep test for $20.