Costco to offer Medicare Advantage plans through SCAN Health Plan

August 19, 2026:

Costco to offer Medicare Advantage plans through SCAN Health Plan

Eli Lilly CEO Dave Ricks joins ‘Varney & Co.’ to discuss the Trump administration’s new Medicare GLP-1 Bridge Program, which will offer eligible seniors access to Lilly weight loss medications for $50 a month beginning July 1.

Costco will soon offer Medicare plans to certain members as part of a new, first-of-its-kind health insurance venture.

The warehouse giant has teamed up with SCAN Health Plan, one of the nation’s largest nonprofit Medicare Advantage plans focused on senior health care, the insurance company announced Tuesday.

Under the partnership, the companies will launch a “suite of senior-focused” insurance products over the coming years.

Pending regulatory approval, the suite could include a revamped pharmacy experience, Medflex over-the-counter pharmacy benefits, vision care coverage, audiology or hearing benefits and more.

COSTCO ADDS HOT FAN FAVORITE TO FOOD COURT MENU AS SHOPPERS DEBATE TASTE AND VALUE

A customer approaches a pharmacy inside a Costco store in Teterboro, New Jersey, on Feb. 28, 2024. (Stephanie Keith/Bloomberg via Getty Images / Getty Images)

The plans will be sold at Costco stores and also made available through insurance agents and websites, according to The Wall Street Journal.

The companies have not revealed exactly when the plans will become available, as regulatory review and approval are still pending. SCAN currently serves members across 33 counties in California, Arizona, Nevada, Texas, New Mexico and Washington.

SCAN Health said the initiative was designed to address the “disjointed experience that many seniors face accessing care and services” and will “bring more value and better experience to seniors as they navigate their health insurance.”

COSTCO MAKES PAYMENT CHANGE THAT COULD SPEED UP CHECKOUT FOR MEMBERS

costco membership board at customer service line

Customers visit the membership and customer service counter at a Costco store in Florida. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images / Getty Images)

“For the millions of older adults who rely on Medicare Advantage, the future of the program depends on strong partnerships that make healthcare more accessible, more connected and more seamlessly integrated into everyday life,” Dr. Sachin Jain, CEO of SCAN Group and SCAN Health Plan, said in a statement.

“Older adults want healthcare that is easier to navigate, more responsive to their needs and rooted in organizations they trust. Our expanded partnership with Costco will give us a strong foundation to explore new ways to help people stay healthy and independent while delivering the quality, value, and service both of our organizations are known for.”

Ticker	Security	Last	Change	Change %
COST	COSTCO WHOLESALE CORP.	961.35	+7.85	+0.82%

Costco CEO Ron Vachris added that the partnership with SCAN serves as an extension of the company’s commitment to providing value to its customers.

“For more than 40 years, Costco has consistently listened to our Members and earned their trust delivering consistent value on essential goods and expanding our health service offerings,” Vachris said in a statement.

A customer makes a purchase from a Costco pharmacy, Tuesday, May 30, 2006, in Long Island City, New York. (Daniel Acker/Bloomberg via Getty Images)

CLICK HERE TO GET FOX BUSINESS ON THE GO

“Selecting SCAN as our partner to deliver a better healthcare experience for seniors, is an extension of that commitment. We have developed a shared understanding of what matters most to the seniors we serve. Deepening our partnership allows us to build on that foundation and create value for our Members.”

FOX Business reached out to Scan Health for more information.

Source link

tags

Abkhazia Afghanistan Africa Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Central African Republic Chad Chile China Colombia Comoros Costa Rica Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia Fiji Finland France French Polynesia Gabon Gambia Georgia Germany Ghana Greece Grenada Guam Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria North Korea North Macedonia Northern Cyprus Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Republic of the Congo Romania Russia Rwanda Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Samoa San Marino Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Korea South Sudan Spain Sri Lanka Sudan Suriname Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Togo Tonga Transnistria Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu Uganda UK Ukraine United Arab Emirates Uruguay USA Uzbekistan Vanuatu Vatican City Venezuela Vietnam Western Sahara Yemen Zambia Zimbabwe