- UnitedHealthcare, part of UnitedHealth Group (NYSE:UNH), announced on Wednesday anexpanded agreementwith fitness equipment company Peloton Interactive (NASDAQ:PTON).
- The expanded deal makes up to 10M UNH commercial members become eligible for a yearlong subscriptionto the Peloton App Membership (PTON) or receive a 3-month waiver toward a Peloton All-Access Membership at no additional cost as part of their health benefits.
- At the end of the yearlong subscription, UnitedHealthcare (UNH) plan participants will be able to renew the Peloton App Membership at the market rate directly through Peloton (PTON).
- Additionally, eligible UnitedHealthcare (UNH) members in most states will receive preferred pricing on select Peloton connected fitness products, including the Peloton Bike, Bike+ and Tread.
- The Peloton offer is already included in most UnitedHealthcare fully insured employer-sponsored plans and is now available as an option for organizations with a self-funded plan and fewer than 3,000 employees and dependents.
- PTON shares are up 3% premarket
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