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    Costco has Great Benefits

    Costco has one of the most competitive benefits packages in the industry. Not only do we provide our employees with a full spectrum of benefits, but employees also may elect coverage for their spouses, children and domestic partners. The company pays a larger percentage of the premiums than do most other retailers, and employee-paid premiums are withheld pre-tax, which means you get to keep more of your hard-earned money.

    From safeguarding your health to planning for a secure future, you can put Costco's benefits to work for you.

    U.S. BENEFIT-ELIGIBILITY REQUIREMENTS ARE AS FOLLOWS:

    • Hourly employees (full-time) - are benefit-eligible on the first of the month after working 90 days.
    • Hourly employees (part-time)* - are benefit-eligible on the first of the month after working 180 days.
    • Salaried employees - are benefit-eligible on the first of the month after date of hire.

    HEALTH CARE

    Full-time benefit-eligible Costco employees may choose from two different health care options: a Choice Plus plan and a Freedom of Choice plan, in which they may choose their own medical services, physicians and facilities. A similar Choice Plus plan is available for part-time benefit-eligible employees.

    DENTAL CARE

    Full-time benefit-eligible Costco employees may choose from two different dental plans: a core dental plan and a premium dental plan that allows more freedom of choice. Part-time benefit-eligible employees may elect a core dental plan.

    PHARMACY PROGRAM

    Most Costco warehouses have pharmacies in-house, making it easy to pick up prescriptions at work. Benefit-eligible employees' co-payments can be as little as $5 for generic medications and generally run no more than a 15% co-pay for the most expensive branded drugs. Birth control pills are included.

    VISION PROGRAM

    Most Costco warehouses have in-house optical centers, which make it easy to access this benefit. For benefit-eligible employees and covered dependents, the program pays up to $60 toward a refraction eye exam. Generous annual allowances are provided toward the purchase of glasses and contact lenses.

    401(k) PLAN

    Created to help employees plan for a comfortable retirement, Costco matches employee contributions 50 cents on the dollar for the first $1,000 each year to a maximum company match of $500 a year ($250 a year for West Coast Union employees). Once employees meet eligibility requirements, the company makes an annual contribution to their account, which is based on a percentage of eligible earnings. This percentage increase is based on the employee's years of service.

    DEPENDENT CARE ASSISTANCE PLAN

    All Costco employees whose families qualify can take advantage of tax savings by enrolling in the Dependent Care Assistance Plan. This allows you to pay for day care for children under 13, as well as adult day care, with pre-tax dollars and can save you from $750 to $2,000 a year.

    CARE NETWORK

    This confidential, free resource program is completely separate from Costco and is available to all employees and their families from the very first day of employment. Care Network's professional counselors are dedicated to Costco employees and trained to help you resolve personal, work or family challenges. They also can provide guidance, information and/or referrals to local service providers, including lawyers, debt resolution services and mental health professionals, to help you address a number of different needs.

    VOLUNTARY SHORT-TERM DISABILITY

    Where disability coverage isn't mandated by their state, all hourly employees who pass their 90-day probationary period and are working at least 10 hours a week will be automatically enrolled in short-term disability insurance. This important coverage provides a tax-free income replacement benefit in case they are unable to perform their job due to a non-work related accident, illness or pregnancy.

    LONG-TERM DISABILITY

    Costco provides long-term disability coverage at no cost for benefit-eligible employees. This policy pays up to 60% of their earnings if they are out past 180 days.

    LIFE INSURANCE

    Generous basic life insurance and accidental death and dismemberment policies are provided at no cost for benefit-eligible employees. Benefit amount is based on years of service and whether the employee is full or part-time. Employees also may elect to purchase supplemental coverage for themselves, their spouses or children.

    EMPLOYEE STOCK PURCHASE PLAN

    New employees are immediately eligible to enroll in this plan, which allows them to purchase Costco stock by payroll deduction. Not only does this plan avoid commissions and fees normally associated with the purchase of stock, it's another easy way to save for the future.

    HEALTH CARE REIMBURSEMENT ACCOUNT

    Benefit-eligible employees can arrange to have pre-tax money automatically deducted from their paychecks and placed into a health care reimbursement account. Being able to pay medical and dental bills, including co-pays and deductibles, with pre-tax money can save you money each year.

    LONG-TERM CARE INSURANCE

    Designed to pay for nursing home care, Costco provides a basic policy for employees with 10 or more years of service. All benefit-eligible employees may purchase a basic or supplemental policy for themselves, their spouses, or their parents (in-law) or grandparents (in-law), and their siblings and children over the age of 18.

    For more information about Costco's benefits plan, visit www.costcobenefits.com.