Costco Employee Discount (Complete Guide)

is a wholesale warehouse club that competes with Sam’s Club. (owned by Walmart), , and retailers like Target, Amazon, and Kroger.

The worldwide membership club’s goal has been to supply branded goods at lower prices than its competitors since its foundation in 1983. As a result, it has grown into one of the country’s largest retail firms, gaining a loyal following in the process.

Most Costco employees claim that the position offers considerably more benefits than meets the eye. With lifetime membership chances, scholarship programs, and competitive wages, Costco has struck a chord with its ever-growing fan base.

Is it feasible for Costco staff to get discounts on items after all of this? How does it function, and what additional advantages do employees have access to?

To discover more about the benefits available to Costco employees, please read our comprehensive guide.

Is there a discount for Costco employees?

Short Answer: Costco does not give discounts to employees on any products or services. On the other hand, Costco provides its staff with four free yearly memberships, health insurance, dental coverage, longer shopping hours, a 50% 401(k) match, and time and a half pay on Sundays.

Do Costco Employees Get a Discount on Merchandise?

Employees do not receive discounts for in-store or online purchases at Costco. Costco employees pay the same price for products as regular customers.

Costco employees, on the other hand, have access to benefits not available to regular customers. They can, for example, shop after the store has closed. Furthermore, Costco’s longer shopping hours allow employees to avoid large crowds and long lines at the check-out counter.

Do Costco Employees Get a Free Membership?

Employees of Costco are entitled to complimentary annual memberships. It’s an executive membership for them and an additional card for their companion, which costs around $120 per year.

Employees can obtain two additional regular memberships after a period of time on the job. They’ll get a complimentary Gold Star Membership, which normally costs $60. It comes with four free annual membership advantages in total.

Benefits of Executive Membership include a 2% cash back return of up to $1,000 per year.

Does Costco Have Good Employee Benefits?

Yes, get good employee benefits, including:

1. Health Insurance

After working for at least 180 days and more than 24 hours each week, a Costco employee is eligible for health insurance.

The coverage covers general medical care, hearing aids, and mental health therapy. In addition, you can extend the benefits of Costco family health insurance to your spouse, domestic partner, and children.

Prescription drugs are also covered by the health insurance policy. As a result, you can acquire generic prescriptions for as little as $3 and brand-name medications for a 15% copay.

2. 401(k) Retirement Plan

To assist employees in saving for retirement, Costco offers a 50% match on your up to a maximum of $500 per year.

You might choose to set aside a portion of each paycheck for your pension retirement account. Depending on your contribution and employment status, Costco will match up to 50 cents for every dollar you provide.

To maximize Costco’s free $500 match, you’ll need to contribute at least $1,000 to your retirement plan. It’s an easy way to create money quickly in order to save for your retirement and get free money from Costco that will help you retire.

Costco will also contribute a percentage of your earnings to your 401(k) regardless of how much you put in. The contributions begin a year after employment, at 3%, and gradually increase.

It has a five-year vesting schedule for its matching and discretionary contributions. As a result, if you leave Costco before five years, you will forfeit a portion of your contributions. You will, however, keep all of your contributions.

3. Paid Time Off (PTO)

Paid time off (PTO) is available to both part-time and full-time Costco workers.

PTO is determined using the following formula depending on years of service:

  • One week PTO after one year of employment
  • 2 weeks PTO after 2-4 years of employment
  • 3 weeks PTO after 5-9 years of employment
  • After ten to fourteen years of service, you are entitled to four weeks of paid time off.
  • After 15 years of service, you are entitled to five weeks of paid time off plus sick leave.

You can carry your PTO over to the following year, but not from one year to the next. In other words, there is a limit to how many PTO days you can accrue.

You will also be paid for public holidays such as New Years Day, Easter, Martin Luther King Day, Labor Day, Memorial Day, Independence Day, Thanksgiving Day, and Christmas Day if you have worked at Costco for more than 90 days.

Costco is open on all major holidays and pays its employees.

4. Dental Insurance 

Costco offers dental insurance at a reasonable price to customers who work more than 23 hours each week. This policy covers you as well as your family members.

The Core plan and the Premium plan are the two dental plan alternatives available. The Core plan is only available to part-time employees.

Depending on your plan, Costco employee dental insurance covers both general and significant dental and orthodontic services.

5. Free Turkey at Thanksgiving

When it comes to Thanksgiving, a Costco clerk can cross turkey off your grocery list. Employees also receive a ticket to pick up a free turkey from the freezer for their families.

6. Disability Plan

Costco has a disability plan for employees that covers illness, injuries, and other medical situations like pregnancy. When you are unable to work, disability insurance can help you replace lost income.

The available disability plans are determined by the state in which you work. In states where coverage is required, employees are insured by state plans. If you work in a state where short-term disability insurance is not compulsory, you will be enrolled in voluntary short-term disability insurance.

After 90 days of service, hourly Costco employees become eligible on the first of the following month. In addition, your healthcare coverage includes a long-term disability (LTD) plan. 

7. Paid Sick Leave

As a full-time or part-time hourly employee at Costco, you can accrue up to 72 hours (nine days) of sick and personal leave on each anniversary of your hire date.

The amount of hours worked during the previous year will be used to determine paid sick and personal days. Before the new sick/personal hours are credited to your account, you will be compensated for any unused paid sick or personal time over 72 hours on your anniversary date.

8. Maternity and Paternity Leave

Costco has you covered if you want to start a family! Costco provides paid maternity leave that can last anywhere from six weeks to three months, depending on your job and hours worked.

Paternity leave, which can last up to three weeks, is also available to new fathers.

9. Vision Insurance

Costco employees can take use of the onsite opticians that work in many of the warehouses. Furthermore, the organization offers vision insurance, which includes a free eye exam worth up to $60.

Costco employees are also eligible for a $175 discount on new glasses or contact lenses at any Costco location. Regardless of whether or not they have a history of visual difficulties, all employees are eligible for this benefit.

10. Life Insurance 

Costco employees’ basic life insurance coverage is determined by their employee classification and years of service. Salaried and full-time hourly employees will be paid one-half of their annual salary for the first two years of employment.

Coverage increases to two times annual earnings after two years of employment, and three times annual earnings after five years.

Part-time hourly Costco employees are eligible for a $15,000 basic life insurance policy regardless of years of employment.

Family members enrolled in health care coverage are eligible for a $1,500 basic life insurance policy. The plan also allows you to purchase supplemental life insurance for yourself, your spouse or domestic partner, and your children at an additional cost.

Do Costco Employees Get a Discount on Gas?

Employees of Costco do not receive a petrol discount. As a result, even if you work at Costco Wholesale, you will pay the same price for gas as everyone else.

Also, it’s important to remember that Costco doesn’t allow you to use your Executive Membership reward points or It will give you money back if you fill up your tank at its gas station.. You cannot use your Costco rewards at the gas pump.

The Costco gas stations only take Visa cards, Costco gift cards, and most ATM and debit cards with PINs. The pumps do not take Apple Pay, Venmo, PayPal, EBT SNAP, Check with the cashiers, or cash personal checks.

See our related article about how to use an air pump that works automatically and Vacuum cleaners at gas stations.

How Much Do Costco Employees Make?

Costco takes pride in offering its employees competitive salary and benefits.

In 2021, Costco increased the minimum starting wage for service assistants to $17.00/hour, $18.00/hour for service clerks, and $18.50/hour for meat cutters. 

If you’re looking for a job with room for advancement, Costco is a excellent option!

Click to find a Costco job nearby.

Costco employee discount Summary

Costco offers competitive compensation and benefits packages to all employees, including health insurance with cheap monthly fees and life insurance options.

Other employee benefits include paid maternity and paternity leave, as well as free eye tests at the Costco Optical Department.

However, employees working at Costco Wholesale stores pay the same price for products and gas as everyone else. So you’ll pay the same amount of money for a Costco mattress, Kirkland Signature items, TVs, groceries, alcohol, and more.

See our related article about Gas prices and hours at Sam’s Club.

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