Costco has a health insurance plan and marketplace where clients can view and compare prices for different health insurance lines. To do this, Costco recently merged with Custom Benefits Consultants (CBC). How are local independent insurance brokers going to compete with Costco?
In an email received yesterday from Costco’s Broker of Record, we noticed they are highlighting Level Funding. Level Funding must be a hot market phenomenon these days as we received emails almost every day from vendors touting the strategy.
Costco is a consumer hub with various offerings; food samples, toiletries, realtor insurance policies, and health insurance. Costco has a health insurance plan and marketplace where clients can view and compare prices for different health insurance lines. To do this, Costco recently merged with Custom Benefits Consultants, Inc (CBC). The average monthly cost for Costo Health Insurance ranges between $335 and $712, depending on what state you live in.
Costco initially partnered with Aetna for their health insurance line, as Aetna handled all policy writing. Additionally, it was supposed to be utilized mainly as a way for small business owners to simplify their company. Costco has now partnered with the CBC, an insurance broker whose role is to match Costco member business owners with the leading medical insurance providers who offer health insurance plans. Because of this, Costco health insurance can now be provided. Thus individuals, families, and both large and small businesses.
Choose from medical, dental, vision, voluntary options and more. Shop and compare plans
Our quoting tools enable quick access to the plans and programs
Review provider access, formularies and plan benefit details. Real time access to the resources you need to make an informed decision
Model contribution strategies. See the bottom line impact for you and your employees based on your contributions to monthly premium
Health Care Ambassadors – Licensed representatives to guide you each step of the way