Better plan member value with Costco Wholesale
Manulife Financial is very pleased to introduce a Preferred Provider Network relationship with Costco Wholesale continuing our commitment to deliver solutions that offer value and help support the sustainability of privately-funded drug plans.
The pharmacies* in Costco Wholesale offer competitive dispensing fees and drug costs, providing great value and savings to both plan members and plan sponsors. All Manulife Group Benefits plan members and plan sponsors using Costco can benefit from Costco’s favourable pricing. You do not need to be a Costco member to use the pharmacy but you must be a member to purchase any items other than prescription medications.
Manulife will be introducing programs with Costco Wholesale that help plan members better understand their benefit plan, make informed choices benefiting their health and minimize their out-of-pocket costs. More details on this will follow in the coming months.
Costco Wholesale’s, pharmacy services can provide plan sponsors and plan members with:
- a national presence and convenient access
- pharmacy ‘best practices’ including:
- dispensing generics where possible;
- dispensing a three month supply for maintenance drugs;
- competitive drug costs and dispensing fees;
- pharmacist counselling and support; and
- health and wellness clinics.
Manulife Group Benefits is committed to helping our clients find solutions to the challenges that threaten the long-term sustainability of their drug plans. We will always offer choice and flexibility, combined with appropriate claims administration practices that seek to benefit everyone. As a premier health benefit manager, we understand that the health of plan members is key to supporting any successful business.
The benefits add up
We’ll be communicating more details about our offering with Costco as it’s refined in the coming months. For more information on this or our suite of pharmacy benefit management strategies and offerings, please contact your Manulife Financial Group Benefits representative.
*Costco does not operate pharmacies in the Province of Quebec. Pharmacies in Costco's Quebec locations are independently owned and operated.
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