Costco is moving into the healthcare space by launching its own Medicare Advantage plan. The Issaquah-based warehouse retailer reached an agreement with SCAN, a nonprofit health insurer headquartered in California, to develop this new insurance product.
This partnership aims to provide seniors with a specific set of insurance offerings designed to match the member-focused model Costco is known for in its retail operations. By collaborating with an established nonprofit, the company intends to enter the complex health insurance market with a partner that has existing expertise in senior care coverage.
Medicare Advantage plans often serve as an alternative to original Medicare, bundling hospital, medical, and prescription drug coverage into a single product. For Costco, this represents a shift from retail and wholesale goods toward financial and health services for its member base.
Details regarding plan availability, specific geographic rollouts, and pricing remain under review as the parties finalize the integration. The move signals a broader intent for the company to diversify its service offerings beyond its current warehouse catalog.