Costco to launch its own Medicare Advantage plan

Costco is partnering with the nonprofit SCAN to launch its first store-branded Medicare Advantage plans. This strategic collaboration allows the retailer to offer specialized health insurance options to its members. According to the companies involved, this initial launch is only the beginning of their insurance expansion, as they have confirmed that additional insurance offerings will be introduced in the future. This move marks Costco's entry into the branded Medicare Advantage market through a nonprofit partnership.