Veterinary medicine is constantly advancing both in scope and in quality, and one newer option many pet owners aren’t familiar with is pet insurance. At Kingsbrook Animal Hospital, this is a topic most often brought up in conversations with new puppy or kitten owners, but animals of all ages can benefit from a pet insurance plan. Below, KAH shares some information on pet insurance to help owners make an informed decision!
1. Pet insurance plans are usually for accident/illness, but many offer additional coverage for wellness care. This can help to cover things like routine vaccinations, annual (or semi-annual) physical exams, and even oral health care such as dental cleanings. Some companies even offer additional riders for breeding dogs or those who are at increased risk of hip dysplasia.
2. Most plans are customizable in cost, where owners can set their own premiums and/or deductibles. A higher deductible amount usually means a lower monthly or quarterly premium, just like with human insurance.
3. Pet insurance covers new problems, but not pre-existing conditions. For example, if a dog has been treated for an ear infection previously and comes in for a new exam because he is shaking his head and scratching at his ears, pet insurance will not cover the new exam or any treatments if the problem this time is another ear infection. This is why Kingsbrook Animal Hospital discusses pet insurance plans with all new pets–if they’re enrolled while they’re young and healthy, there are no pre-existing conditions!
4. Different than human health insurance, with its co-pays and delayed billing, pet insurance reimburses owners once claim forms and invoices have been submitted. Owners still have to pay for exams and treatments out-of-pocket, but once the insurance company processes the claim a check will be mailed for the amount covered.
5. Not all pet insurance is created equal. Kingsbrook Animal Hospital recommends Pets Best insurance (click on the link to learn more), but several other companies such as Trupanion and Embrace have gotten good reviews from our clients too.
6. Keep in mind that most insurance companies have a “waiting period” after enrollment, usually between 10-30 days. This means that any exams or issues within 10-30 days after applying for coverage will not be picked up by the new insurance.