10/09/2024
Who is your pet insurance provider?
With the rising costs of veterinary care, we would recommend that you and your family start considering pet insurance. Pet insurance can provide the peace of mind you need when your pet has had an accident or has fallen ill. It acts as a form of major medical care coverage during times of emergencies. In addition, pet insurance can help cover the cost of more common ailments such as vomiting and diarrhea or itchy skin and ear infections. Or maybe your pet jumps off the bed, lands wrong and won’t place any weight on one of it’s front legs. Suddenly, your pet is needing x-rays to make sure there are no broken bones. Hopefully, this occurs during the week because most emergencies happen on the weekend when your regular veterinarian is closed. Emergency clinic fees are double to triple those of your regular veterinarian. And emergencies happen.
Veterinary costs have risen drastically in the last few years secondary to pre and post COVID era effects on business. Unfortunately, veterinary services are not inflation proof. In the veterinary field, we have seen the continued rising costs of lab and equipment fees, medical supply costs, salaries, health benefits, business related insurance costs, and high interest rates as being just a few of the rising costs of veterinary care. In addition, while it is nice to save money with online food and pharmacy products for your pets, it is an ongoing loss of income to the veterinary practice. All these factors are driving the increase in service fees at the veterinary office, hence the need for future broad usage of pet insurance which insures your pet can receive the care it needs when it is injured or ill.
There are many pet insurance providers. Plans can vary and it can be difficult to sort through them. It is best to start a plan when you initially purchase or adopt a pet to prevent future issues with pre-existing conditions. Insurance companies will ask to view your pet’s veterinary records so they will know when a condition occurred. Choose a plan that best fits your pet’s needs. These needs can vary depending on the size or breed of your pet, the history of parents or siblings, or the activities your pet may be involved in. Some plans include wellness and others focus on coverage for emergencies. Whether over the lifetime of the pet, or annually, some insurance companies cap how much they will pay towards a specific medical condition. After that cap, there may be no further coverage. Ideally, choose a company that does not cap coverage and choose a company that doesn’t increase its premium based on the pets age. Some insurance companies even have direct portals with your veterinary clinic that allow for faster processing of your claims. So, in other words, do your research before signing up. Make sure you are choosing a plan that best suits you and your pet’s needs and not one that is just based on price.
We have had experience with a few companies, Trupanion and Embrace ranking at the top. Nationwide, State Farm, ASPCA, Pumpkin and Lemonade Pet Insurance are a few more we are starting to become acquainted with. Ask your veterinarian about 1 month of free insurance for puppies and kittens. Check with your employer as pet insurance may be an employee benefit. Review pros and cons of each plan; choose within your price range, but also consider your pet’s individual needs. Sign up for a plan when your pet is young so pre-existing conditions do not affect your coverage.
We hope this information helps provide you some guidance and direction towards your selection of health and dental insurance for your pet.
Sincerely,
Drs. Nonda and Tammy Pappelis