Although Costco is a membership warehouse where customers can purchase household goods, clothes, and groceries at discounted prices, it also offers a wide range of services to members, with pet insurance being one of them.
Costco pet insurance is administered by Figo Pet Insurance to eligible Costco members who are looking to get pet insurance at an affordable price.
So, when you sign up for Figo pet insurance as a Costco member, you get a 15% discount. Therefore, instead of shopping directly from Figo and encountering high or expensive premium rates, you can sign up for pet coverage through Costco and enjoy cheap rates and discounts.
How Does It Work?
Firstly, you need to know that Costco pet insurance is offered and provided by Figo, which is an independent pet group insurance company.
But as a Costco customer, you can insure your pets and get discounted prices through Figo.
In other words, individuals with a Costco membership might be qualified to enjoy exclusive discounts on insurance plans through Figo Pet Insurance.
Then, pet owners will have to pay a premium payment per month in exchange for coverage for veterinary costs.
What Does Costco Pet Insurance Cover?
A broad range of veterinary expenses are usually covered by Costco through Figo pet insurance. They include:
- Prescription medications.
- Surgery and hospitalization.
- Illness and accident coverage.
- Prosthetics and orthopedics.
- Diagnostic tests and laboratory fees.
- Chronic conditions.
- Behavioral therapy.
- Knee conditions.
- Emergency care.
- Cancer treatments.
- Alternative therapies.
- Hip Dysplasia.
- Imaging
- Hereditary and congenital conditions.
- Routine wellness plan.
Add-ons include:
- Extra care pack powerup.
- Wellness powerup.
- Veterinary exam fees powerup.
What Are Its Exclusions?
Here are some events that Figo pet coverage for Costco members will not cover:
- Experimental treatments.
- Grooming and boarding.
- Pre-existing conditions.
- Preventive care.
- Cosmetic procedures.
- Breeding-related expenses.
- Parasite control.
- Dental care.
- Elective procedures.
- Cloning procedures or cloned pets.
Pros and Cons of Getting Pet Coverage from Costco
Here are the pros and cons of getting a Costco pet insurance plan through Figo:
Pros
- 24/7 customer support.
- Convenient online claim submission process.
- Comprehensive coverage options.
- Financial protection.
- Peace of mind.
- Access to a wide network of veterinary providers.
- Flexible reimbursement options.
- Multi-pet discounts are available.
- Customizable coverage option.
- There are no network limitations.
Cons
- The claim processing time may change.
- Costly monthly premiums.
- Certain pre-existing conditions may not be covered.
- Deductibles and co-pays.
- Waiting periods before coverage starts.
- Exclusions for optional procedures and cosmetic treatments.
- Limited coverage for preventive care.
- Coverage restrictions for certain conditions or treatments.
- Certain breeds or older pets may face higher premiums.
- Policy terms and conditions may change over time.
How Much Does Costco Pet Insurance Cost?
On average, the monthly premium payment for pet insurance can fall between $30 and $100 or more.
If you are a Costco member, you can pay $21 per month for your cats and $46 for your dogs. You are also qualified for a 5% multi-pet discount.
Meanwhile, the factors that affect the cost of pet insurance are location, deductible amount, your pet’s age and breed, and selected coverage options.
How to Get Costco Pet Insurance
If you would like to purchase pet coverage from Costco and are new to the entire procedure, here are the steps you can follow to begin:
- Visit Costco’s pet insurance webpage.
- Check out the available pet insurance plans.
- Consider the necessary factors.
- Make use of the online policy tool to get a quote.
- Enter your pet’s breed.
- Age
- Pre-existing conditions, and more.
- Personalize your coverage.
- Begin and complete your application.
- Enter your personal information, like name.
- Address
- Contact details.
- Details of your pets.
- Submit the required additional documents.
- Go through the terms and conditions of your policy.
- Agree and pay your premium.
- Confirm
Your insurance coverage will be active within a few weeks. This is called the waiting period, and after this, your coverage will begin.
How to Save Funds on Costco Pet Insurance
If you want to save a few bucks on your Costco pet insurance purchase, here is what you can do:
- Review and compare different coverage options to find a cheap and affordable plan.
- Opt for a higher deductible.
- Register different pets to bet on multi-pet discounts.
- Choose a lower reimbursement percentage plan.
- Consider wellness packages or preventive care plans.
- Stay updated.
- Keep up a healthy lifestyle for your pets.
- Document your pet’s medical records.
- Bundle your pet insurance.
- Discounts
With these tips and saving strategies, you will be able to easily find a cost-effective pet insurance plan for your pet’s needs and your budget.
Frequently Asked Questions
Is Costco a good insurance company for pets?
As mentioned multiple times, Costco sells and offers pet insurance through an independent pet insurance company known as Figo. Moreover, this insurance provider has 4 out of 5 stars based on an analysis of the best pet insurance providers or companies.
This means that Figo is a great option to consider if you are looking to get a pet insurance plan that offers different coverage options to meet your budget.
Can I add multiple pets to my Costco pet insurance policy?
Yes, Costco members can add multiple pets to their pet coverage through Figo. However, every pet needs to have its own separate insurance policy. Meanwhile, you can personalize your coverage levels for every pet and manage different quotes from a single account.
Does Costco pet insurance work with any vet?
Certainly, policyholders can file a claim on Costco pet coverage from any professional vet for treatment in any part of the world. Emergency visits and specialists are included.
