As veterinary medicine becomes more technologically advanced, the cost of care increases because of the higher costs associated with the equipment, facilities and training required to provide these higher-quality services. For some, the cost of care can cause some anxiety. Pet insurance can help by offsetting some or most of the costs of diagnosing, treating and managing your pet’s illness or injury.
But pet insurance isn’t for everyone, and there’s no magic formula that will tell you if it’s right for you and your pet. If you’re considering pet insurance, talk to your veterinarian and do some research on your options. Here are some basic considerations:
- Regardless of the insurance provider, your veterinarian should be monitoring the health of your pet as part of a valid veterinary-client-patient based relationship.
- The insurance provider should clearly spell out to you the details, including the limitations and exclusions, of coverage for routine and/or wellness care as well as emergency treatments and conditions that require extensive care. Find out how your premiums will increase as your pet ages or if you make any claims.
- See if there are add-on options to provide any specific coverage (e.g., dental care, travel insurance, etc.) you may want.
- Find out how they define and handle pre-existing conditions (diseases or conditions your pet already has – or has had – prior to purchasing the insurance plan).
- In some cases, insurance providers will not insure a specific pet or breed of pet, or may limit the number of pets you can insure, if the pets are considered “high risk.”
- Some providers offer pricing discounts for multiple pets.
- All of the charges, including co-pays, deductibles, add-on charges and other fees, should be clearly explained to you so you fully understand the policy and its limitations.
- You should be allowed to choose the veterinarian who will care for your pet.
- Pet insurance plans are generally reimbursement plans – you pay the bills up front and are reimbursed by the insurance provider. Ask the insurance provider how claims are processed as well as the timeframe for reimbursement. If you’re concerned about covering the expenses up front, ask your veterinarian about payment options that will work for you in case you need to make arrangements. It’s best to find out your options ahead of time so you don’t have the added stress of trying to make payment arrangements during an emergency.
Article from the AVMA https://www.avma.org/public/PetCare/Pages/pet-insurance.aspx
Adobe doesn’t recommend one pet insurance over another because they are so different and what each pet owners needs out of it will be different. Use the list above from the AVMA to help guide you in your research.
We recommend using petinsurancereview.com for researching different companies. There you can find quotes, plan comparisons and consumer reviews.