Costco Employee Benefits – Costco Employee Login 2022

Costco Health Care Benefits

• Health Coverage is also available for spouses, children, and domestic partners.
• Medical Care
• Prescription Medications
• VisionCare
• Hearing Aids
• Mental Behavioural Health & Suicide Prevention
• Basic Life Insurance
• Basic AD&D Insurance
• Long-Term Disability Coverage
• Dental Plans

Eligibility For Costco Health Care Benefits

• Costco Employees who work as a Senior Hearing Aid Specialists are eligible for the Health Care Benefits on the first of the month following their hire date.
• Part-Time employees are eligible for benefits on the first day of the second month after 450 hours or 90 days of service, whichever comes first.
• Full-Time employees are eligible for benefits on the first day of the second month after 250 hours.
• Health Benefits eligibility for part-time employees begins on the first of the month after they have completed 600 hours or 180 days of service, whichever comes first.

Basic And Supplemental Life Insurance

• Employee categorization and years of service influence the amount of basic life insurance coverage.
• For the first two years of employment, salaried and full-time hourly employees will be paid one time their annual wages.
• After two years of service, coverage will grow to two times annual earnings, and after five years of service, coverage will climb to three times annual earnings.
• Part-Time hourly employees, regardless of years of service, are eligible for a $15,000 Basic Life Insurance policy.
• Basic Life Insurance Coverage of $1,500 is provided to family members enrolled in health care coverage.
• Supplemental Life Insurance for available for employees, their spouses or domestic partner, and their children in addition to Basic Life Insurance.

Basic And Supplemental Accidental Death & Dismemberment Insurance (AD&D)

• Employee classification and years of service affect the amount of Basic AD&D Insurance Benefits.
• For the first two years of employment, salaried and full-time hourly employees will be paid one time their annual wages.
• After two years of duty, coverage will grow to two times their annual earnings, and after five years of service, coverage will climb to three times their yearly earnings.
• Regardless of service or wages, the maximum benefit is $225,000.
• After years of service, part-time hourly employees are entitled to $15,000 in basic AD&D Insurance.
• Employees are the only ones who can get basic AD&D coverage.
• Supplemental AD&D Insurance can be purchased for the employees, their spouse, or domestic partner in addition to basic AD&D Coverage.

Costco Paid Vacations

Vacation hours are calculated based on the employees’ worksheet & job type means full-time or part-time employees.

Employees of Costco Receives the following paid hours:

• One Week After 1 year of employment (up to 40 hours)
• Two Weeks After 2 years (up to 80 hours)
• Three Weeks After 5 Years (up to 120 hours)
• Four Weeks After 10 Years (up to 160 hours)
• Five Weeks After 15 Years (up to 200 hours)

Costco Paid Holidays

Costco is closed on all major holidays in addition to paid vacations.

Full-time and Part-time employees receive vacation compensation for eight holidays given below after a 90-day probationary period:

• New Year’s Day
• Martin Luther King Jr. Day
• Easter Day
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Christmas Day

Costco 401(k) Retirement Plan

• The Costco 401(k) Retirement Plan allows the employees to contribute anywhere from 1 to 50% of their earnings.
• Costco accepts regular pretax contributions as well as Roth 401(k) after taxes.
• Investment options range from high-yielding, high-risk investments to low-yielding, lower-risk investments.
• Employees choose how their donations are invested, and they can change their minds at any moment.
• Following 90 days of service, eligibility begins on the first of the month.
• Costco will match half of the employees’ contributions up to a maximum of $500.
• The current contribution is determined by the number of years of service and the amount of eligible pay earned that year.
• 5 Year vesting period applies to matching and discretionary contribution amounts.

Costco Paid Sick Leave

• Your Hiring date refers here as the anniversary & each anniversary as an employee of Costco Hearing Aid Center, you can collect up to 72 hours means 9 days of sick leave.
• Employees will be compensated for any unused paid sick leave in excess of 72 hours on their anniversary date before the additional sick hours are credited to employees’ accounts.

Costco Bereavement Leave

• Employees of Costco get up to three paid days off after 90 days of employment for the loss of an immediate family member.

Costco Employee Assistance Programs

• Costco offers free support with personal issues for their employees & family members.
• The Care Network is a confidential, free resource program that is separate from Costco and is available to the employee and their family from the moment they start working at Costco.
• Counselors from the Care Network are dedicated to Costco employees and trained to assist employees in resolving personal, professional, or family issues.

Costco License Fee & Continuing Education Reimbursement

• Costco will refund license fees for full-time and part-time dispensers and audiologists in the state where they work.
• Costco makes every effort to provide continuing education every year, any expenses paid for continuing education are repaid up to $30 per credit hour.

Costco Short-Term & Long-Term Disability

• If the employee becomes handicapped as a result of an illness, injury, or other medical condition, such as pregnancy, disability plans are available to assist them to replace lost income.
• Employees who work in a state where short-term disability insurance is not required are automatically registered in Voluntary Short-Term Disability Insurance.
• As a part of employees’ health coverage, they will receive a Long-Term Disability Plan.

Costco Offer Free Membership

• Employees of Costco will obtain a Free Business Membership, which includes a free Household Card, on their hire date.
• Employees, their spouse, or domestic partner will be promoted to an Executive membership after 90 days of employment.
• While employed at Costco, employees’ Costco Executive Membership is automatically renewed each year & includes a 2% yearly Reward.