subject: Need-to-know Facts About Veterinary Pet Insurance [print this page] While veterinary pet insurance can certainly benefit your beloved pet, it's important to note that not all pet insurance policies are the same. That's why it's crucial to know some particular facts about such insurance policies. Here are some of them:
1. Pet insurance is increasing in popularity
As you might expense, this is due to the rising costs of veterinary care. Just as expenses for human healthcare are increasing steadily, so are the costs of care for your pet. So if you want to reduce your out-of-pocket expenses for veterinary care, then consider purchasing a pet insurance policy.
2. Policies differ on what they cover
All veterinary pet insurance policies cover certain expenses, such as drugs, laboratory tests, and emergency care. More comprehensive ones also cover procedures such as checkups, having your pet fixed, and vaccinations. You can even find policies that cover expenses for dental care, flea control, and nail-clipping-though fewer policies cover these expenses.
3. Most plans cover 80% of your veterinarian bill
The stipulation is that you must first reach a set deductible, which tends to range from $50 USD, to $100 USD. You are required to pay your pet's medical bill. Then you submit a claim to the pet insurance company. After the company has processed your claim, you'll receive a reimbursement check.
4. Some companies require a co-pay on your bill
There are some veterinary pet insurance companies that charge this co-pay, rather than a deductible. Typically, the co-pay ranges from 10% to 20% of the total veterinary bill. You should consider if this would be a more practical option for you, than paying a deductible.
5. Pre-existing conditions typically aren't covered
Unfortunately, the situation is the same as with most human health insurance plans.
6. The premiums for pet insurance can vary significantly
This is based on various factors, such as the age and breed of your pet. In fact, you might be required to pay as low as $10 USD monthly.
When sifting through the various types of pet insurance policies, these aforementioned facts are worth considering. Your pet is valuable to you, so it's crucial to choose the right policy.
by: John Kirzno
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