Costco Expands Into Medicare Coverage? 3-State Rollout in the Works
Article excerpt
Highlighted: the sentence this signal was extracted from
A 15-pound bag of rice, 2 liters of olive oil, a $1.50 hot dog and a deal on Medicare? Warehouse retail giant Costco is partnering with the SCAN Group to offer co-branded Medicare Advantage plans and other Medicare services. Federal regulatory approval is still pending, but the two companies are eyeing limited rollouts in three yet-to-be announced states, possibly before the end of 2026. Check It Out: Costco Buys That Can Replace Expensive Monthly Subscriptions Discover More: 5 Clever Ways Retirees Are Earning Up to $1K Per Month From Home Here's what information is available so far. How the partnership will affect the industry and seniors' Medicare shopping habits remains to be seen. "There are still a lot of unanswered questions about this particular partnership, including exactly where the products will be offered, how they will be marketed and what their benefits and pricing will look like," said Jenny Chumbley Hogue, health policy analyst for medicareresources.org. "Until those details are available, it's difficult to say how different the offering will be from other branded Medicare products." The deal marks Costco's first comprehensive partnership with a Medicare plan. Costco and SCAN claim the arrangement will bring greater value to seniors. "For the millions of older adults who rely on Medicare Advantage, the future of the program depends on strong partnerships...
Keep reading with a free account
The rest of this article, and every signal for Costco, is in your free account.
