Better to have it and not need it than need it and not have it, right? Same goes for our pet’s health. Pet insurance has become more and more prevalent as the years have passed. Just like cars break down or get into accidents, you get be sure that pets get sick. Every breed has its own bugaboo when it comes to health problems. Floppy eared dogs are more prone to ear infections. Short snouted dogs are far more likely to develop respiratory issues. Being prepared for short or long term medical conditions can help your pet receive the treatment they need while saving your money. Beginning the insurance before a pre existing condition arises is important to consider as well. Like insurance for humans, cars, and houses, there are different plans and it is important to see which fits what you are looking for. Listed below are some of the more popular insurers in the United States.[/vc_column_text][/vc_column][/vc_row]
As one of the top providers, PetPlan offers 3 tiers of coverage called basic, recommended, and premier. As with most insurers, pricing is based on breed and age of your furry friend. This insurer also gives you some options to customize your plan to fit your needs if you so choose. The basic plan has a $1,000 deductible up to $5,000 annually with a 70% reimbursement. The next tier, recommended, sees the deductible drop to $250 up to $15,000 with 80% reimbursement. The upper echelon plan known as premier further drops the deductible to $100 with an unlimited yearly ceiling and 90% reimbursement. Example pricing for a 1 year old American Bulldog was around $35 a month for basic, $81 for recommended, and $170 for premier. Yearly wellness procedures are not covered under these plans. You can learn more about what their coverage includes here.
Chicken parm you taste so good? Anyone? This providers pricing is again based on breed and age of your pet. A really nice feature in this plan is the ability to add yearly wellness coverage to your plan to cover costs of things like vaccines, preventatives, and yearly diagnostic recommendations. Nationwide, like PetPlan, offers 3 tiers of coverage. These are known as Wellness Basic, Major Medical, and Whole Pet. Wellness basic covers simply some yearly recommendations as was mentioned above. There is no deductible with this plan and provides $400 worth of coverage that can be increased to $500 if the owner chooses. This plan however does not cover sicknesses that may arise. This plan is able to be added to other plans which do cover illness. Using our example pet of the 1 year old American Bulldog this plan was $17.75 a month. Next step up with the Major Medical plan offers a $250 deductible with unlimited yearly maximum for around $31 a month for our example pet. The top tier plan Whole Pet has the same $250 deductible and includes more coverage again with an unlimited maximum for approximately $75 a month for our sample pet. They also offer coverage for exotic pets. Learn more about Nationwide here.
Trupanion’s 3 plans are based on the same coverage for different deductibles and monthly payments. All 3 plans also offer 90% reimbursement across the board with no maximum on any plan. This insurer does not offer any yearly wellness options. Tier one includes a $700 deductible. Again using our example pet we were at about $39.20 a month for this tier. Tier 2 drops the deductible to $200 and the monthly price increases to around $68 for our sample pet. The final tier has zero deductible and was about $113/month for the same example pet. Trupanion also offers add on packages for services such as physical therapy or pet boarding which add to the monthly cost if the owner so chooses. Learn more about this insurer here.
4. Healthy Paws
This insurer lets owners select their deductible from either $100, $250, or $500 and lets owners select their reimbursement percentage from either 70%, 80%, or 90%. The price changes with each option selected, so to see what you could expect per month visit here. Of note, this insurer does not cover routine yearly procedures or examinations.
Like Healthy Paws Pet Insurance, Embrace leaves the deductible and reimbursement percentage up to the owner and bases monthly pricing off of that. Embrace differs from Healthy Paws due to the fact that they DO offer routine yearly procedures and examinations. It is up to the owner to select the amount of coverage they want for these yearly procedures which is another step to determine monthly pricing if the owner chooses. Healthy Paws and Embrace are very customizable plans for owners and pricing can very a large amount based on what the owner decides. Learn more about Embrace Pet Insurance here.
Many insurers will offer a discount for adding pets to the plan if you are a member of a multi pet household. Reading through you probably noticed that the plans are for the most part very similar and each insurer offers fairly, if not entirely customizable plans. The important things are choosing one you are comfortable with and taking the time to understand what you are receiving. Starting young with your pet insurance is very important as very few providers offer any sort of coverage for pre-existing conditions. Below you will find a list with links for a handful of other providers not covered in this piece. While there may be no one right insurer for everyone, there is the right insurer for you and can certainly be the right thing to do for your pet’s health and your financial well being.