When you consider how much time a lot of us spend with our pets, it would seem crazy not to put some of that monthly expense toward an insurance plan to make sure an emergent health issue can be taken care of.
Veterinary insurance has a lot of aspects that are similar to our own insurance policies. For instance, pre-existing health issues are frequently not covered, age will play against you for cost, and there are comprehensive plans that cover a great deal of worthwhile care, as well as very cheap policies that cover very little, except a few bare-bones expenses.
By looking objectively at what you earn, and what kinds of health or financial issues affect you and your pet the most, you should be able to find a policy that will make an unexpected trip to the vet less scary.
No matter what type of policy you end up getting, you will be expected to pay out of pocket for any kind of emergency care that your pet might need (literally, all bills will have to be paid at the time of the service. You then submit it to your insurance company and wait to be compensated, usually from 20% up to 100%, depending on your policy
What’s More Important Than Good Health?
Most people want to determine how much value for their money they can get with a policy. Unlike policies for people, you likely won’t encounter any kind of policy that will be profitable in the long run. However, in a catastrophic circumstance, like if your pet is gravely ill or injured, you can afford to see them through without being strong-armed into euthanasia just because you can’t afford to lose $1K or $2K that month. No one who loves their pet wants to end up in that harsh circumstance.
Pet insurance is less about investment than it is about peace of mind surrounding your beloved pet. You will get the best-case scenario if you are able to get insurance while your pet is young and healthy.
Start saving now for a rainy day, if you have not done that. Even if you are insured, you will be expected to pay out of pocket for your pet’s care, and later submit your claim to your pet’s insurance policy for partial or entire reimbursement.
Add On Plans For Dental and More
Many companies are beginning to offer diverse add-on policies to make your pet’s health insurance more useful for your own budget, and for your pet’s well-being. Here are some of the kinds of add-on plans that are offered by carriers to make your insurance more appealing, and to help you afford the quality of life services for your beloved pets:
- Exam/Office Visit Plans: these plans will help you cover office visits, which can add up to be very expensive very quickly. Partially or wholly covers exam fees for your vet, for specialists, and for emergent visits, or urgent care visits. If this seems to be a big expense for you, you may want to seek out an add-on policy for this kind of coverage.
- Wellness Plans: This can cover preventative care, and quality of life costs, such as spay/neutering costs, vaccines, dental visits, nail trimming, ear cleaning, and other preventative care through the lifetime of your pets
- Congenital/Inherited Conditions Plans: This kind of plan is a nice option for breeds of pets that are genetically predisposed for health conditions that often lead to expensive treatments, and are not covered by most typical insurance providers.
- “Memorial”/Funerary Plans: This kind of add-on plan will cover the cost of end-of-life procedures and cremation fees.