Costco pet insurance review 2024
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BLUEPRINT
Published 1:04 p.m. UTC Dec. 21, 2023
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Costco
Pros
- Costco members save 15% on pet insurance. New Figo pet insurance policyholders save 15% on coverage by being a Costco Gold Star or Business member. Executive membership also waives the $15 enrollment fee.
- One-day waiting period on accidents. Costco pet insurance offers a one-day waiting period on injuries, which is one of the shortest available for accident coverage.
- 100% reimbursement available. Another rarity in pet insurance is Costco’s option for 100% reimbursement level through Figo.
- Free perks. Figo offers other free benefits, like access to its Pet Cloud app, where you can file claims, find dog walkers in your area and get expert advice 24/7 from a licensed veterinarian.
- Diminishing deductible. For each policy year you don’t file a claim, Figo will lower your annual deductible by $50.
Cons
- Vet exam fee coverage costs extra. Costco pet insurance doesn’t cover vet exam fees for accidents and illnesses unless you pay extra for add-on coverage.
- Six-month orthopedic condition waiting period. Dog owners have to wait six months for orthopedic conditions to be covered. Figo will waive this waiting period if your dog gets a healthy orthopedic exam from a licensed vet within 30 days of the policy start date.
- No accident-only coverage. Pet owners who prefer the cheaper option of accident-only coverage won’t find it with Costco pet insurance. Only comprehensive pet insurance is available, which covers accidents and sickness.
Costco pet insurance benefits
When you buy Costco pet insurance with its partner Figo, you get more savings than buying directly through Figo itself. Gold Star, Executive and Business Costco members save 15%, with Executive members also receiving a waiver on the $15 enrollment fee.
The discount and savings are only available for new Figo enrollees. If you are an existing Figo policyholder and become a Costco member, you can’t apply the discount to your current policy.
Paw Protect
Costco pet insurance coverages
When you buy Costco pet insurance with its partner Figo, you get coverage for:
- Accidents and illnesses.
- Advanced treatments.
- Alternative and holistic treatments.
- Cancer treatment.
- Chronic conditions.
- Congenital and hereditary conditions.
- CT scans, X-rays, MRIs and ultrasounds.
- Diagnostic testing.
- Emergency care.
- Euthanasia.
- Hospitalization.
- Lab work.
- Non-routine dental work.
- Orthopedic conditions.
- Prescription medication.
- Prosthetics and mobility devices.
- Rehabilitation such as underwater treadmill, cryotherapy, laser therapy and gait analysis.
- Surgeries.
- Veterinary specialist treatment.
What Costco pet insurance doesn't cover
While Costco pet insurance provides broad coverage, there are some items this plan doesn’t cover. These exclusions include:
- Breeding, pregnancy or whelping.
- Cloning procedures.
- Cosmetic procedures, like dew claw removal, ear and tail docking, unless medically necessary.
- Experimental procedures.
- Non-curable, pre-existing conditions.
- Spaying or neutering (unless you add the wellness plan).
Costco pet insurance add-ons
Costco pet insurance has three options for add-ons: a wellness plan, coverage for vet exam fees and prescribed food for illnesses and an extra care package. Each add-on comes at an additional cost and can enhance the pet insurance plan coverage.
The vet exam fees add-on covers fees if your pet is seen for an accident or illness, even if it’s a telehealth consultation. This rider also provides up to $250 per policy year for food your veterinarian prescribes to treat an illness. The cost varies by your pet’s age.
The extra care pack add-on includes:
- Advertising and lost pet reward.
- Boarding fees.
- Pet emergency vacation cancellation.
- Up to $250 for burial and cremation.
- Up to $150 for pet theft or loss as a stray.
- Up to $10,000 per policy period for third-party property damage liability.
The cost for the extra care pack also varies by your pet’s age.
The wellness plan offers two tiers of wellness and preventative coverage: Basic and Plus. With each plan, you’ll get a fixed amount of coverage for these services:
- Wellness exam. Basic $20; Plus $40.
- Vaccines. Basic – $30; Plus $50.
- Spay/Neuter or Dental Cleaning. Basic $40; Plus $75.
- Testing. Basic $20; Plus $45.
- Microchip or Health Certificate. Basic $15; Plus $30.
- Deworming. Basic $10; Plus $10.
Costco pet insurance, administered by Figo, has a one-day waiting period for injuries and a 14-day waiting period for sickness. The carrier also has a dog-specific six-month orthopedic condition waiting period, though you can waive this waiting period if your dog receives a healthy orthopedic exam within 30 days of the policy effective date.
Yes, you have to be a Costco member to get pet insurance through Costco. Members receive a 15% discount and Figo will waive the $15 enrollment fee for Executive members. The discount only applies to new Figo pet insurance policies, so if Figo already insures your pet, you aren’t eligible if you become a Costco member. If you don’t have a Costco membership, you can still get pet insurance through Figo, but won’t receive any of the Costco discounts.
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Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
