Costco's latest deal: Get Medicare with that $1.50 hot dog and soda

Live updates

1. 26d ago

   Costco to launch Medicare Advantage plans in partnership with SCAN Group

   Costco is expanding into senior healthcare by launching its own Medicare Advantage plans. The retailer is partnering with SCAN Group and Scan Health Plan to offer these insurance options to its members. This move follows Costco's existing business model of selling diverse services, including gasoline and vacation packages, to its membership base. The company aims to reimagine how healthcare is delivered to older adults through this strategic partnership.

   Why it matters

   Costco typically leverages its membership model to provide discounted goods and services. Entering the Medicare space marks a significant pivot into the regulated healthcare sector. This expansion targets a growing demographic of senior citizens within its customer base.

   What is confirmed

   • Costco is launching Medicare Advantage plans.
   • Costco is partnering with SCAN Group or Scan Health Plan for these healthcare offerings.

   Still unconfirmed

   • Costco intends to reimagine healthcare for older adults.
   • Costco views this as a major expansion into senior healthcare.

   What to watch next

   • Details on membership pricing or discounts for the Medicare plans
   • The official launch date for plan enrollment
   • Specific benefits included in the SCAN Group partnership
   Sources used for this update (8)

   1. The Seattle Times — Costco to launch its own Medicare Advantage plan
   2. WSJ — Exclusive | Costco Sells Vacations, Gas and, Soon, Medicare Plans
   3. Modern Healthcare — Scan Health Plan, Costco team up on Medicare plans
   4. Fox Business — Costco plots major expansion into senior healthcare with Medicare partnership
   5. KTLA — Costco wants to ‘reimagine’ healthcare for older adults. What to know
   6. Yahoo Finance — Costco launching Medicare Advantage plans with SCAN Group
   7. USA Today — Costco's latest deal: Get Medicare with that $1.50 hot dog and soda
   8. TheStreet Pro — Costco’s Healthcare Move Turns Heads. We’re Buying These Pharma Stocks Instead.
   confidence 90%