Costco is partnering with nonprofit insurer SCAN Group to enter the Medicare market. The companies will launch jointly branded insurance products for seniors. This initiative marks Costco’s first comprehensive partnership with a Medicare plan.
The initial rollout features Medicare Advantage plans in two states. A Medicare supplement plan will launch in a third state. Regulatory approval for these products is currently pending.
The plans will integrate with Costco’s pharmacy, optical, and hearing aid centers. Products will be sold in Costco stores and through traditional insurance channels.