With all of the recent changes to health insurance in the US, there is an increasing need for individuals to purchase their own health insurance. And for just that reason, you might be pleased to learn that Costco has partnered with Aetna to offer personal health insurance to members. Unfortunately, it is currently available only to members that reside in Georgia, Illinois, Pennsylvania, and Texas.
All Costco members receive benefits such as coverage for preventative care, with no deductible, as well as access to Aetna’s network. Executive members also receive the additional benefit of Health Advocate services. This service, carried out by a third party, is designed to help you understand and make the most of your health insurance benefits. As well as those benefits, Costco members also receive the following:
- Premiums negotiated exclusively for Costco members
- Lower co-payments at Costco retail pharmacies
- Benefits for preventive care without having to pay a deductible
- Access to nationwide Aetna physician and hospital network
- Secure member web site/online health records
- 24/7 toll free nurse line
- Dental insurance benefits available for an additional premium
There are several levels of coverage available to fit different budgets and needs. The plans come with different levels of annual deductibles for preferred network care: $3,000, $5,000, $7,500, and an HSA compatible plan with a $3,500 deductible. All of these deductibles are based on using the Aetna Preferred Network of health care providers; I assume the deductible is higher for out of network health care services. But if you’re worried you won’t be able to find a doctor near you, I wouldn’t worry too much. There are 921,000 total health care providers, with 528,000 primary care and specialist doctors, and more than 5,100 hospitals in the Aetna Network. That’s quite a wide network. In addition to health care plans, you can also get dental insurance, for an additional premium.
Unfortunately, not everyone is eligible for these insurance plans. Obviously, you need to be a Costco member and the primary applicant must be between the ages of 19 and 64 3/4 years of age. However, dependent children are still eligible, as long as they meet the state requirements for age. And there are some disqualifying health conditions as well, such as insulin dependent diabetes, a cancer diagnoses in the last five years, and a few other situations.
For full information on these insurance plans, you should see the Aetna Costco Personal Health Insurance website. At the website, you can find out about the various plans and their associated deductibles, if you qualify, additional Executive member benefits, and why you should choose Costco/Aetna insurance. You can also apply online or get a quote. If you’d rather talk to a live person, you can call 1.888.242.0989 for more information and quotes.