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Costco to Launch Its Own Medicare Advantage Plan
The plans will integrate Costco pharmacy and hearing benefits and reach about 5 million enrollees in three markets, pending federal approval.
- On Tuesday, Costco and nonprofit insurer SCAN Group announced a partnership to launch Costco-branded Medicare Advantage plans, with the product currently awaiting federal regulatory approval.
- This move extends Costco's 'we vet it for you' reputation into the $600 billion Medicare market; Costco CEO Ron Vachris said the company seeks to build on existing trust across its 626 U.S. stores.
- The companies plan a limited rollout in two states for Medicare Advantage plans and a third state for a Medicare supplement, though federal rules prohibit including a free warehouse membership.
- Until federal regulators approve the products, beneficiaries won't know specific premiums, provider networks, or state locations; SCAN Group CEO Sachin Jain noted the goal is to redesign the Medicare Advantage experience with an 'exquisite focus on member value.'
- Building on an existing relationship where Costco provides pharmacy and hearing services to SCAN members, this initiative enters a competitive sector where over 35 million people were enrolled in Medicare Advantage as of February 1, 2026.
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Costco to start selling Medicare plans to bring ‘greater value’ to seniors
Costco announced Tuesday that it will start selling store-branded Medicare plans, the first in a slew of insurance products it will release over the coming years to bring “greater value” to seniors.
·New York, United States
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Costco partners with SCAN Group to offer Medicare plans in limited rollout
Costco partners with SCAN Group to offer Medicare plans in limited rollout Click this link for the original source of this article. Author: Just The News This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the...
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Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
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L 40%
C 30%
R 30%
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