Insurance
Why is Pet Insurance Important?
With all the new procedures and advanced treatments for pets, illnesses come with more significant costs, and pet parents are not always prepared to pay for pet medical care. Approximately $24.5 billion is spent annually on veterinary care in the United States. It’s estimated that your pet has a 33 percent chance of becoming injured or ill each year, and there is a 92 percent chance that they will need medical care at least once in their lifetime.
What are pet parents doing to protect themselves and their pets from injuries or unexpected illnesses? Many are enrolling in pet insurance plans. When pet parents can let their veterinarian run tests, diagnose, and treat an injury or illness correctly, everybody wins! Adobe Animal Hospital of Soquel invites every pet parent to consider pet insurance so that their pet has access to the care they need.
Differences in Pet Insurance Plans
Most pet health insurance plans have a few basics in common. You usually pay a monthly premium; select an annual or per incident deductible amount; visit any veterinarian you choose; pay your vet first, file a claim, and then get reimbursed; and pre-existing conditions and related treatments are not covered. Breeding issues, experimental treatments, and cosmetic surgery like declawing and tail docking are also typically not covered. There are also substantial differences between companies. These differences often impact if your claim is covered or how much you get reimbursed after a veterinary visit. Some of the most important differences are:
- Whether congenital and hereditary conditions (like hip dysplasia, heart defects, eye cataracts, or diabetes) are covered;
- How the reimbursement is calculated (based on the actual vet bill, a benefit schedule, or usual and customary rates);
- Whether there are any limits or caps applied to your reimbursement (per incident, per year, or over the pet’s lifetime); and
- Whether there is an annual contract that determines anything diagnosed in the previous year of coverage is considered pre-existing the next year; and
- Whether their customers are happy with their customer care and claims experience.
Helpful Resources
Protect your pet’s health. Compare pet insurance companies, see the latest customer reviews, and get a free quote. Here are some links to help you make the right decision.
Pet Insurance Review – A review website for pet insurance policyholders. Read what customers say about customer service and claims processing for all pet insurance companies.