Medicare Update: Millions May Soon Get Medicare Plans Via Costco—Here's How
Costco plans a limited rollout of Medicare Advantage plans in two states and a Medicare supplement plan in a third.
The article discusses how Costco is preparing to enter the Medicare insurance market through a partnership with insurer SCAN Group. The joint venture aims to offer Medicare Advantage plans and a Medicare supplement plan to about 5 million Medicare enrollees in two states and a third state, pending federal approval. Medicare coverage decisions affect tens of millions of Americans, with 70.3 million people enrolled in Medicare as of April 2026.
Of these, 51.2 percent are enrolled in Medicare Advantage plans, and 81.2 percent have Medicare Part D coverage. Costco's entry into the Medicare market could be advantageous for beneficiaries due to its trustworthiness, simplicity, and bulk savings. However, the specific states and counties where the new products will launch have not been disclosed yet.
Written by urgent.news from Newsweek's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
