Costco Pet Insurance: Figo Plans, Member Discount and Limits
Learn how Costco pet insurance through Figo works, membership benefits, availability restrictions and plan exclusions.
Costco Pet Insurance: Figo Plans, Member Discount and Limits
Costco's pet insurance member program is offered through Figo for eligible members, with Independence American Insurance Company identified in Costco's current disclosures as underwriter. Costco advertises a 15% member discount where available, with important state and program conditions. The discount does not guarantee the lowest total quote or override exclusions, waiting periods and reimbursement limits.
The Costco–Figo relationship
Costco is a membership retail channel for this offering; it is not the company underwriting pet insurance claims. Costco's official program information names Figo and Independence American Insurance Company, and its insurance-agency disclosures explain that Costco does not itself underwrite coverage or pay claims. That distinction matters when researching the licensed carrier, understanding claims support and checking consumer complaints.
Start with the current Costco program page rather than an old affiliate article. The plan purchased through the membership channel may have state-specific forms and enrollment conditions. Ask for the exact policy form and underwriter named on your own quote.
Who can receive the member benefit?
Current Costco promotional language describes a 15% discount for Gold Star and Business members where available, with Executive members also having a lost-pet recovery perk subject to separate restrictions. Costco states that its agency is not currently offering new pet insurance policies in Washington. The detailed terms also distinguish Tennessee's member-specific base-rate arrangement from the discount calculation elsewhere.
The precise benefit and availability may change. Do not advertise the 15% figure as a guaranteed savings over every other insurer or every direct Figo quote. Ask whether membership must remain active and whether extras are included in the compared plan price.
What is actually insured?
The underlying Figo product is designed for eligible dog and cat accident-and-illness coverage, but the contract's waiting periods, deductible, benefit limits and exclusions determine claims. Inspect dental illness, examination fees, hereditary conditions, rehabilitation and pre-existing-condition provisions. A member perk does not make a medically excluded event payable.
Ask for the sample policy in the pet's state and read the declarations if a quote is issued. A seller's coverage summary is useful for orientation but is not a replacement for the legal document.
Compare member and direct prices fairly
Enter the same pet age, breed and ZIP in both quote channels. Match reimbursement percentage, deductible, annual benefit limit, riders and payment frequency. Note whether member discounts have been applied automatically and whether any payment fees are included. Then keep the dated results.
Without those controls, one channel may seem cheaper simply because it has a higher deductible or omits a rider. For a general Figo product evaluation, see Figo pet insurance review, which deliberately does not claim that a Costco member quote is always superior.
When a membership deal may be a poor fit
The plan may be unsuitable if the state or species is ineligible, the premium remains too high despite the discount, or the contract excludes care the animal is likely to need. Also compare annual limits and the owner's ability to pay upfront while awaiting reimbursement. Membership benefits should be weighed against the entire policy, not against a generic advertisement for another insurer.
A national comparison checklist helps evaluate alternatives, while pet insurance prices provides historical industry context rather than member-specific quotes.
Questions before buying through Costco
Ask which legal insurer will issue the policy, how the discount appears on the quote, what happens if Costco membership changes, whether the Executive perk is available locally and which exclusions apply. Confirm the waiting period, cancellation process and claims channel. Save the program offer terms captured on the date you enroll.
For any medical-history concern, obtain written guidance from the insurer. A channel-specific discount does not remove the need to disclose prior diagnoses accurately or keep your pet's vet records.
How to check the real effect of a member offer
Suppose the Costco-channel screen shows a member discount and the direct channel quotes a different price. Before attributing the entire difference to membership, inspect whether both quotes use the same annual limit, deductible, reimbursement percentage and optional riders. Compare any payment or installment fees and confirm that the pet's exact breed, age and ZIP match. Only after those checks can you discuss the value of the discount meaningfully.
Read any membership-dependent benefits as separate terms. A lost-pet recovery service is not a promise to pay an emergency veterinarian bill. If you are comparing Costco's program with another carrier, the policy's exclusions and continued affordability matter far more than the size of a promotional percentage by itself.
What to recheck before publication or purchase
Insurance availability, underwriting relationships, payment procedures and sales offers may change. Date each product statement and keep the exact policy version that supports it. Avoid carrying a historical launch announcement forward as proof that a plan is available everywhere today. If a provider changes administrators or marketing channels, establish which organization is legally responsible for the contract and where claims are handled.
A pet owner's best next step is to ask for an individual quote or written service-status confirmation, then preserve the response. An editor should follow the same discipline before publishing a definitive claim. This article is informational and does not stand in for veterinary treatment advice, individualized insurance advice, or the enforceable language of a policy.
Quick comparison checklist
| Item to verify | What to record before buying |
| Coverage | Accident-only versus accident-and-illness; riders |
| Payment | Premium, deductible, eligible-expense formula |
| Limits | Annual benefit maximum and sub-limits |
| Fine print | Waiting periods, exclusions and renewal rules |
Frequently asked questions
Does Costco underwrite pet insurance?
No. Costco describes a member program involving Figo, with Independence American Insurance Company identified as underwriter.
Is the Costco discount always 15%?
Costco advertises 15% for eligible members where available, but its program has state-specific conditions and can change.
Is Costco pet insurance available in Washington?
Costco states its insurance agency is currently not offering new pet insurance policies in Washington.
Are Executive members covered differently?
An additional lost-pet recovery benefit is advertised with restrictions; it is not the same as broader medical coverage.
Should I compare Figo direct and Costco?
Yes. Match pet details, deductible, reimbursement, annual limit and riders before comparing total quoted cost.
Does membership waive pre-existing exclusions?
No. The issued policy terms govern those exclusions.