Understanding Pet Health Insurance and Options

Source: PetWave, Updated on July 16, 2015
Insurance

Cost Savings

Pet health insurance can save pet owners on their pet’s annual health care costs and cover yearly physical and screening tests as well. Pet health insurance may also provide a financial cushion in the event of an unforeseen accident, emergency, or occurrence of disease.

Pets are living longer than ever thanks to the type of health care that is now available for pets, but this health care doesn’t come cheap. Expenses such as yearly vaccinations, physicals, blood exams, and monthly expenses such as heartworm prevention and flea control, can all add up to one big bill. Pet health insurance can reduce the amount of money that a pet owner pays for their pet’s health care. The insurance may also enable pet owners to schedule yearly screening tests and physicals for their pet that they may not otherwise be able to afford.

Emergency Protection

In the event of an accident, emergency, or development of a disease, pet health insurance can be a life saver for the pet and the pet’s owner. Take for example if a pet is in a car accident. Even a minor car accident can easily add up to a veterinarian bill of well over five hundred dollars, and treating a pet that has been in a serious accident can cost thousands of dollars. Depending on the type of pet health insurance policy purchased, the policy may cover the majority of the accident bill.

Better Pet Owner

Pet owners are often unprepared financially for the cost of treating a disease that unexpectedly occurs in their pet, and sadly many pet owners are faced with the difficult decision of going broke or treating their pet. A pet health insurance policy which covers costs associated with the unforeseen development of a disease may pay for most of the costs that are associated with treatments or surgeries needed to treat the disease.

Coverage Packages

The majority of pet health insurance programs offer a coverage package, and the pet owner keeps the insurance by paying a monthly, or yearly, fee. As with insurance for people, pet health insurance policies include mandatory deductible fees. Depending on the company, some pet health insurance programs reimburse the veterinarian for the health care costs while other companies reimburse the pet owner once the pet owner has paid the bill.

Superior Plans

Superior plans are all inclusive plans which cover health care costs such as: accidents, illnesses, surgeries, cancer, x-rays, hospitalizations, medication, urinalysis, blood screening tests, EKGs, dental procedures, yearly vaccinations and physicals, monthly flea and heartworm control, and much more.

Wellcare Plans

Wellcare plans are all plans that cover basics health care costs such as: accidents, illnesses, surgeries, cancer, x-rays, hospitalizations, medication, yearly vaccinations and physicals, and monthly flea and heartworm control.

Standard Plan

Standard plans are the most economical plans that cover just basic health care costs such as: accidents, illnesses, surgeries, cancer, x-rays, hospitalizations, medication.

* Plan coverage may vary depending on which insurance company you choose. Make sure you confirm what is covered with your insurance provider before choosing the right plan for you

Age Matters

Many pet owners choose pet health insurance policies based on their pet’s age. For example, a pet owner who owns a young dog may feel more comfortable with an insurance package that covers accidents. A pet owner that owns an elderly dog may want an insurance package that covers yearly screening tests and the treatment costs for unforeseen diseases that may occur.

Pet health insurance policies often offer group discounts for pet owners that have multi-pet households. Some pet health insurance policies cover small and large animals and unconventional pets such as ferrets and other exotic pets.

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