Is Pet Insurance Worth It?

Pet insurance can defray the cost of veterinary care.If your pet were critically injured tomorrow, and needed to be hospitalized, could you afford the bill?

We all strive to take the very best care of our pets. They’re members of our family, after all! Luckily, we now have access to advanced veterinary care for our pets. From cancer treatment, to life saving critical care, to treatment for hyperthyroidism, we are fortunate to have many choices when it comes to treating major illness and injury. However, that advanced care does not come without cost. According to Canine Journal, the annual cost of pet care is now topping $1800 per pet. So it’s no wonder that veterinary care is becoming a significant financial strain on many families.

That’s where pet insurance comes in. Just as human health insurance is meant to bridge the gap between cost and needed health care, pet insurance can ease the financial burden of unexpected illness or injury in our pets. But is it worth it? Continue…

Prudent Planning: A health insurance primer

You may have found yourself thinking as you whip out your credit card to pay for Fido or Fluffy’s vet visit, “Boy, they should have insurance for this!”  Well, it turns out, they do.  There are several companies out there who are willing to insure your pet for everything from routine vaccinations to cancer treatment.  Here are a few things to think about if you are considering pet insurance:

  • Most pet insurances require you to pay the veterinarian at the time of service out of pocket and then reimburse you directly based on your policy.  Some plans will reimburse you based on the actual bill and others based on a predetermined amount depending on the services provided.  Find out what you are getting before you buy.
  • Pre-existing conditions and breed specific diseases are often not covered, although this may vary from policy to policy.
  • Weigh the costs.  You can buy coverage that will pay for routine costs or one that just covers major medical expenses.  Decide what you are better off paying out of pocket for and where insurance coverage would be helpful.
  • Shop around.  You may find a better deal for similar coverage with another carrier.   A few to check out include Purina CareTrupanion Pet InsuranceVPI Pet InsurancePet’s Best InsurancePetCare Pet InsuranceASPCA Pet Health Insurance, and PetFirst Healthcare.

For some situations, pet insurance makes a lot of sense.  Many times it helps owners afford care that they otherwise might have to forgo.  Do your research and find out if pet insurance might be a good investment for your furry family. If you have any questions, feel free to contact us.