Current news for Costco members
To learn more about the complete suite of Costco services,
click on the “Services” link at costco.com or call 1-800-220-6000.
GIVEN THE CURRENT economic climate, consumers would be wise to look for ways to maximize the
Federal Deposit Insurance Corporation (FDIC) protection of their savings, retirement and other bank
Capital One Direct Banking, Costco’s provider
of high-yield savings accounts and certificates of
deposit, offers members a distinct advantage with
FDIC coverage. They operate two separate banking
institutions—Capital One Bank (USA), N.A., and
Capital One, N.A.—both wholly owned subsidiaries
of Capital One Financial Corporation. Members can
take advantage of FDIC insurance coverage offered
by each of those institutions by opening separate
accounts through each.
FDIC protection is limited per depositor, per
ownership category and per institution. On October
3, 2008, FDIC temporarily increased protection from
$100,000 to $250,000 per depositor through December 31, 2009.
s "ASIC &$)# COVERAGE IS NOW PER DEPOSI
tor, per insured bank institution. Individual accounts owned by the same person at the same
insured bank institution are added together and
the total is insured up to $250,000.
s )NDIVIDUAL AND JOINT ACCOUNTS ARE INSURED SEPA
rately, so you could be protected up to $250,000
for an individual account and up to $250,000, per
DEPOSITOR FOR A JOINT ACCOUNT PER INSTITUTION
s 3ELF DIRECTED RETIREMENT ACCOUNTS ARE ADDED
together and the total is insured up to $250,000
per institution. That’s in addition to the individ-
UAL AND JOINT ACCOUNTS
For information on Capital One Direct Banking
accounts, call toll-free 1-866-630-7954 or visit
costco.com and enter “DirectSavings21” in the
search box. W
IF YOU’RE ELIGIBLE, Medicare
Part D prescription drug coverage might be your most important pharmacy benefit. Costco
MEMBERS CAN NOW ENJOY SAVINGS
via the new Aetna Medicare
Rx®–Costco Plus Plan.
Benefits of this new plan
s DEDUCTIBLE TO HELP YOU
start saving right away
s CO PAYS FOR PREFERRED
generic prescription drugs
s ,OWER CO PAYS FOR CERTAIN
s #OVERAGE IN THE GAP FOR
preferred generic prescription
s #OVERAGE FOR SOME NONn
Part D prescription drugs
s #OVERAGE FOR ALL -EDICARE
approved Part D prescription
For more information or to
enroll, visit costco.com and enter
“AetnaPartD” in the search box,
or call toll-free 1-877-618-3885
(TTY/TDD 1-800-628-3323). Not
available in all states.
Benefits coverage is provided by Aetna Life
Insurance Company. Medicare eligibility
New phone service
THE SMALL-BUSINESS digital phone service
introduced by AccessLine earlier this year offers
big value and reliability to Costco members.
Here is what one early adopter has to say about
I’ve used AccessLine for three years. Their
services are basically amazing. Most other
phone services using VoIP [Voice over Internet
Protocol] technology do not offer the quality
necessary for business use—I’ve tried six different providers. AccessLine targets businesses
and has always proved to be ultra-reliable.
I installed the new digital phone service
right when it came out, and the call quality is
dead on, even better than the land line. It’s in
keeping with all their other services, just rock
solid and the pricing is very competitive. And it’s
a pretty cool phone system that comes with it.
AccessLine is a classy company—truly a
Jon French, TCTB Inc.
Los Angeles, California
For more information on AccessLine and the
digital phone service for business or home office,
visit costco.com and enter “smart phone” in the
search box or call toll-free 1-877-912-3984.
COSTCO’S NEW RV AND BOAT refinancing service provided by Essex Credit Corporation is sav-
ing money for members looking for lower
interest rates. Here’s what one couple reports
about refinancing their RV.
We’d had our motor home for about a year,
and the interest rate was quite high. We found
the refinancing program on costco.com, and got
a really good deal—enough of a savings that we
didn’t need to shop further.
It was so easy to do everything over the
phone, and the experience was surprisingly
pleasant. Usually working with refinancing people can be very clinical, but the Essex account
executive was so easy to work with.
Linda and John Baker
Federal Way, Washington
For more information on RV and boat refinancing, visit costco.com and enter “boat loan
08” in the search box.