Pet Health Insurance
Greetings from the Sunshine State where people are happy and the pets are beautiful. We welcome you to today’s Vet4YourPet Blog. Let’s dive right in! There is a lot of talk lately about President Obama’s health care plan and how it will affect people with and without insurance. Did you know that there is health insurance for pets? We think pet health insurance is worth considering.
As with any insurance, you’re basically hoping to save money in the long run. The insurance companies are trying to collect your payments for as long as they can in the hopes that you’ll rarely, if ever file a claim. Every situation is different and you’ll have to examine your own personal situation.
Let’s look at a few facts. First of all, pet health insurance has been around for many years, though few people know it exists. The number of insured pets seems to be on the upswing. Presently, in the U.S. about 6% of the dogs and 3% of the cats are covered by insurance…compared to about 20% in England and Japan. We have nowhere to go but up.
It is relatively inexpensive. Let’s take a look at a sample situation to calculate the risk assessment. Suppose you have a puppy. You can expect to pay approximately $300 per year for insurance. Lets assume that your dog’s life expectancy is 10 years. Your total cost for the life of your dog in this example would be $3,000.00. These days, pets are considered to be part of the family and are treated as such. In the event that your new puppy becomes ill at some point, you may opt to do just about anything to keep him/her alive and healthy. High quality medicines, MRIs, hip replacements, and even cancer treatments are common in today’s veterinary practices.
Puppies need to be vaccinated, spayed or neutered and cared for when they get into trouble. Broken bones and swallowed objects that cause intestinal obstructions are very common and can be costly to repair. The middle years are relatively quiet but older animals need more care. Diabetes, arthritis, cancer, and heart disease are just a few that are common in senior pets.
If you take into consideration that the cost of some surgeries and treatments can be as high as $2,000.00 – $3,000.00 each, you can see how pet insurance could come in handy. Going without insurance means you’ll have to pay for your pet’s medical expenses out of pocket with each incidence. There are also Care Credit Cards that will allow you to finance any of your larger bills so you won’t have to pay for them all at once.
Please feel free to ask your veterinarian for advice on this subject.