Time after time in surveys of their Costco members, the services department found that they are concerned with the increasing costs of health insurance. A Costco Connection newsletter from earlier this year described Costco’s solution to their members’ concerns. Costco hopes to reach businesses, families, and individuals who are looking for better deals on health insurance. The products offered by Costco come after extensive research in the areas where Costco operates. Saving money while meeting customers’ insurance needs is done through quality insurance companies and plans.
In 1997, Costco started offering their Executive members in the state of Washington business health insurance options. Since then the program has expanded to California, Oregon, and Hawaii. The plans offer preventative care, catastrophic coverage, and prescription drug coverage. Dental and life insurance coverage is also available. When members compare health insurance costs with the Costco business plans, they typically save 5 to 10% on their premiums from previous insurance plans.
Executive members in California have had the option of getting their individual and family health insurance coverage through Costco since 2005. Because of the popularity of this program, a partnership with Aetna health insurance now offers all Costco members in Georgia and Pennsylvania individual health insurance plans. Costco is pleased with the value they are able to bring their members and plans to further expand their health insurance offerings. Through Costco’s website or toll free numbers, members can access information about the health insurance plans and other insurance that Costco offers, including Medicare Part D prescription drug coverage.
