Keeping your pet healthy can be expensive, but the right insurance can help manage those costs. Costco offers pet insurance that provides coverage for unexpected vet bills, helping you care for your furry friend without financial stress.
But what does it cover, and is it the right choice for you? Stick with us until the end of this blog post to find out.
In the meantime, Costco is an insurance company that partners with Figo Pet Insurance to offer coverage for accidents, illnesses, and routine care.
Members can access exclusive discounts and flexible plans designed to fit different budgets and pet needs.
With rising veterinary costs, having insurance can provide peace of mind and financial protection. Below, we’ll explore the key features, benefits, and considerations of Costco Pet Insurance to help you decide if it’s the right fit for your pet.
What Costco Pet Insurance Covers?
Costco partners with Figo to offer pet insurance that covers both accidents and illnesses. Unlike accident-only plans, this coverage provides a wide range of benefits, helping pet owners manage unexpected veterinary costs. However, it does not offer accident-only coverage.
Comprehensive Coverage for Pets
Figo’s pet policy through Costco includes protection for various health issues, such as:
- Chronic illnesses like allergies
- Dental diseases and injuries
- Emergency treatments and hospitalizations
- Congenital and hereditary conditions
- Hip dysplasia
- Vision problems
- Knee conditions
- Prescription medications
- Orthopedic treatments and prosthetics
- Surgeries
- Specialized veterinary care
Optional Powerups for Extra Protection
Depending on your location, you may be able to add optional benefits, known as Powerups, to enhance your coverage. These include reimbursement for:
- Annual checkups
- Vaccinations
- Routine diagnostic tests
- Spaying or neutering
- Dental cleanings
- Health certificates and microchipping
- Deworming
Additionally, the Veterinary Exam Fees Powerup covers illness-related exam fees and up to $250 per coverage period for prescription food if it is the only treatment option for a covered condition.
What It Does Not Cover
While Costco’s pet insurance through Figo offers extensive coverage, certain exclusions apply. These include:
- Spaying or neutering
- Experimental treatments
- Cosmetic procedures, such as ear cropping
- Cloning or cloned pets
- Pre-existing conditions
- Pregnancy, breeding, or childbirth
Cost of Costco Pet Insurance
On average, a Costco pet insurance plan through Figo costs about $38 per month with a $250 deductible, $5,000 annual coverage, and 80% reimbursement.
If you choose unlimited coverage with the same deductible and reimbursement rate, the monthly cost rises to approximately $59.
Who Should Consider Costco Pet Insurance?
Costco members can benefit from a 15% discount on Figo’s pet insurance premiums. Since Figo does not impose age limits, it is also a great option for those looking to insure older pets.
Additionally, Figo has shorter waiting periods compared to many competitors; one day for injuries and 14 days for illnesses.
Ways to Save on Costco Pet Insurance
Costco members receive exclusive discounts:
- Gold Star and Business members get 15% off pet insurance premiums.
- Executive and Business Executive members have the $15 enrollment fee waived.
- Figo offers a 5% multi-pet discount when insuring more than one pet.
Availability of Costco Pet Insurance
Figo operates in all 50 states, but not all areas have a Costco warehouse. If you live near a Costco and are a member, you may qualify for a discounted plan.
To check availability, visit the official website, call customer service, or inquire at your local warehouse.
How to Purchase Costco Pet Insurance
Costco members can buy this insurance online, by phone, or via text. The process is simple:
- Provide details about your pet, including name, age, species, and zip code.
- Choose from three plan options with different deductibles and reimbursement rates.
- Customize the plan further by selecting your preferred deductible, reimbursement level, and annual limit.
- Add wellness coverage if desired.
- Enter personal and payment details, including billing information and contact information.
- If multiple pet parents need access to the policy, they can be added.
Lastly, select a billing frequency, monthly or yearly, and finalize the payment.
Final Thoughts
Costco’s partnership with Figo provides members with affordable pet insurance that includes extensive coverage and valuable perks.
Customers enjoy 24/7 access to veterinary advice, VIP customer support, and Figo’s Pet Cloud, which helps track health records, vaccinations, and appointments.
Additionally, Costco members can take advantage of discounts on Kirkland Signature pet food and medications at Costco pharmacies.
If you’re looking for reliable and cost-effective pet insurance, Costco’s offering through Figo is worth considering.
