Costco Health Insurance Canada Review 2024
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Discover the methodologyDid you know that over 30% of medical costs in Canada are not covered by your provincial healthcare? That's why it's essential to have good private health insurance to cover this gap.
One of the popular options you may want to consider is the Costco health insurance. In this review, we take you through what it offers, pros, cons, and more.
You can then use our free comparator to compare it with the best health insurance plans in Canada and see if Costco health insurance is the best choice for you or if there's another plan that suits you better. Compare multiple plans and get free quotes in seconds using our comparator right here.
Costco Health Insurance: 4 Key Takeaways
- Costco offers health insurance plans in collaboration with Manulife Insurance.
- Comprehensive coverage for medical expenses, including prescriptions.
- Offers tailored, cost-effective health insurance packages for members.
- Plans include prescription, dental, vision, and specialist services.
Our 2024 review of Costco Health Insurance
Costco Health Insurance, offered in collaboration with Manulife Insurance, provides comprehensive coverage for medical expenses, including prescription drugs, dental care, vision care, and specialized healthcare services.
It is a valuable option for active Costco members aged 18+ who require enhanced coverage beyond government health plans, particularly those in need of prescription medications, vision care, and specialized healthcare services. The plans are known for their affordability and the ability to tailor coverage to specific healthcare needs.
With 24/7 access to healthcare practitioners, it enhances convenience in addressing health emergencies and needs. However, eligibility restrictions apply, and dental benefits may vary, potentially limiting its appeal to some individuals. Moreover, availability may vary by province, restricting access for certain Canadians.
Overall, Costco Health Insurance caters to a diverse range of healthcare needs, making it a suitable choice for those seeking comprehensive coverage, provided they meet the eligibility criteria. Before deciding that Costco is the best choice for you, we recommend that you compare how it fares against other plans.
Use our comparator below to compare the best health and dental insurance plans in Canada and get personalized quotes. All you need to do is input some basic information on what you need and voila get free multiple quotes in seconds right here.
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Pros
- Comprehensive Coverage: Costco Health Insurance offers comprehensive coverage for prescription drugs, dental care, vision care, and specialist services.
- Affordable Options: Members can choose budget-friendly packages tailored to their healthcare needs.
- Convenient Access: 24/7 online access to healthcare practitioners enhances convenience.
Cons
- Eligibility Restrictions: Limited to active Costco members aged 18+ with specific government plan requirements, excluding some individuals.
- Variable Dental Coverage: Dental benefits may vary, and some plans may not provide comprehensive dental care.
- Limited Availability: Plans may not be available in all provinces, limiting access for some Canadians.
What does Costco Health Insurance cover?
Costco Health Insurance provides coverage for a variety of common healthcare expenses, encompassing items like prescription medications, dental care, vision-related costs, and even services such as massage therapy. These plans are recognized for offering an array of coverage choices, allowing individuals to tailor their insurance to suit their specific healthcare needs.
Furthermore, Costco Health Insurance extends beyond basic coverage, offering members access to a wider range of healthcare services, making it a comprehensive and versatile healthcare insurance option.
Health & Dental Insurance for Costco Members
Health & Dental Insurance for Costco Members provides a tailored insurance option exclusively for Costco's valued members. This coverage offers comprehensive protection for various vital healthcare needs, ensuring that Costco members can access essential services without financial worries. Here's a closer look at the key highlights of this coverage:
- Plan Highlights:
- Prescription drug coverage
- Comprehensive dental care
- Vision care
- Registered specialists and therapists
- Hospital and ambulance services
- Emergency medical travel coverage
- 24/7 access to healthcare practitioners online
- Recommended If:
- You require regular prescription drugs
- You need the care of registered specialists
- You have more extensive vision care needs
- Eligibility Restrictions:
- Available to all active Costco members
- Canadian residents aged 18 and above
- Must possess a valid government health insurance plan like MSP in BC
- Quebec residents must be registered under the RAMQ Prescription Drug Insurance Plan
FollowMe™ Health
FollowMe™ Health offers a comprehensive health insurance solution, particularly beneficial for those transitioning from an employee health plan. Here are the key highlights of this plan:
- Plan Highlights:
- Guaranteed acceptance
- Prescription drug coverage
- Vision care
- Registered specialists and therapists
- Comprehensive dental care (available on select plans)
- Hospital and ambulance services
- Recommended If:
- You are transitioning from your employee health plan
- You depend on regular prescription drugs
- You require specialized care from registered specialists
- Eligibility Requirements:
- Canadian residency and being 18 years and above
- Membership in a provincial or territorial health plan like Ontario Health Insurance Plan or MSP in BC, etc
- Quebec residents must be registered under the RAMQ Prescription Drug Insurance Plan
How much does a Costco health insurance Canada plan cost?
Manulife Costco Health Insurance provides clear and easily calculable costs through their Membership tables, which are detailed in their brochure (accessible below). To determine your health insurance expenses with Costco, you can simply multiply the premium rate associated with your age by the desired quantity of coverage units you intend to select. Here's an example:
| Age | Costco Membership Type | Coverage type | Base Plan | Plan with Dental | Plan with Hospital, Vision, and Travel |
|---|---|---|---|---|---|
| 59 | Business and Gold Star | Health and Dental Insurance | $117.47 | $132.74 | $100.53 |
| 37 | Executive | FollowMe Health | $87.00 | $159.90 | $213.50 |
| 63 | Executive | Health and Dental Insurance | $101.00 | $106.50 | $194.50 |
| 23 | Business and Gold Star | FollowMe Health | $87.00 | $119.70 | $159.90 |
We recommend that you compare Costco with other health insurance plans before you decide upon one. You can simply use our comparator below to compare the best plans and get free quotes in seconds.
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How to contact Costco Health Insurance customer service?
Contacting Costco Health Insurance customer service is a straightforward process, ensuring that you receive the support and assistance you need. Costco health insurance reviews rate the company's customer service positively. Here's how you can connect with their customer service team:
| Contact Method | Contact Details |
|---|---|
| Chat Bot | Connects to an advisor for quick assistance. |
| New Customer Telephone | 1-866-707-4922 |
| Open Monday to Friday, between 8 a.m. and 8 p.m. ET. | |
| Current Customer Telephone | 1-866-707-4922 |
| Open Monday to Friday, between 8 a.m. and 8 p.m. ET. | |
| - If you are a current Health and Dental customer, you can register and log in to their plan member secure site to email inquiries to Customer Service. | |
| - New customers, please use the "Contact us" form on their website for inquiries. | |
| - Manulife Individual Insurance PO Box 670, STN Waterloo Waterloo, ON N2J 4B8 |
