Overview of Costco Pet Insurance
Costco has partnered with Figo to offer pet insurance to its members. The insurance plans cover various conditions, including hereditary and congenital issues, dental illnesses, and holistic treatments. Costco members receive a 15% discount on Figo’s normal monthly rates.
Key Features of Costco Pet Insurance
- Discount for Costco Members: 15% off Figo’s normal rates
- Coverage: Accident and illness plan with optional add-ons
- Reimbursement Rates: 70%, 80%, 90%, or 100%
- Deductibles: $100 to $1,500 annually
- Annual Coverage Limit: $5,000, $10,000, or unlimited
Pros and Cons of Costco Pet Insurance
Pros
- Discount for Members: Costco members save 15% on premiums
- Flexible Reimbursement: Options for 70%, 80%, 90%, or 100% reimbursement
- Pet Cloud App: Offers claims filing, 24/7 vet chat, and medical record storage
Cons
- Extra Cost for Exam Fees: Coverage for exam fees costs extra
- Waiting Periods: Waiting periods apply for accidents, illnesses, and orthopedic conditions
Coverage Details
Figo’s accident and illness plan covers:
- Hospitalization, medication, and surgery
- Lab and diagnostic tests
- Rehabilitative, holistic, and alternative treatments
- Mobility devices
- Non-routine dental treatment
- Euthanasia
Optional Powerups include wellness coverage for:
- Annual checkups
- Vaccinations
- Routine tests
- Spay or neuter surgery
- Dental cleaning
What’s Not Covered
- Pre-existing conditions (unless curable and symptom-free for 12 months)
- Experimental procedures
- Cosmetic surgery
- Cloned pets or cloning procedures
- Breeding or giving birth expenses
- Treatment not recommended by a vet
Plan Options and Customization
- Deductibles: $100 to $1,500, potentially decreasing by $50 for each claim-free year
- Reimbursement Rates: 70%, 80%, 90%, or 100%
- Annual Coverage Limit: $5,000, $10,000, or unlimited
Sample Rates
Sample monthly premiums for dogs in Katy, Texas, after the Costco discount:
- French Bulldog (age 2): $52, (age 8): $122
- German Shepherd (age 2): $34, (age 8): $80
Sample monthly premiums for cats in Katy, Texas:
- Devon Rex (age 2): $17, (age 8): $35
- Maine Coon (age 2): $15, (age 8): $31
Getting a Quote and Filing Claims
- Quotes are available on Figo’s website, with a link from Costco’s website
- Claims can be filed online or through the Pet Cloud app
- Most claims are processed in under three business days
Comparison with Other Insurers
Costco pet insurance is competitive with other major pet insurance providers. The 15% discount for Costco members adds to its appeal.
Frequently Asked Questions
- Does Costco have pet insurance?: Yes, through Figo.
- How much is Costco pet insurance?: Rates vary by pet age, breed, and location.
- Is Costco pet insurance good?: Figo has a 4.5-star rating from NerdWallet.
