Wednesday Wellness: The 411 on Pet Insurance
Now that I am a single parent, the thought of an unexpected expense is pretty scary. I don't want to have to be put in the position of choosing to go into deep debt or putting a very ill pet down. And I have been faced with such a choice. In the past, when I'd had a large vet bill, I was encouraged by my now ex that putting the puppy down for a broken leg was preferable. Instead, I was offered a vet payment loan through an independent company, and took that route to save Anna. I found the interest rate to be very difficult to deal with. So I don't want to do that again!
Americans increasingly view their pets as family members and pet health insurance is a reflection of that attitude. Baby boomers, in particular, are boosting the pet insurance industry. Their children have left the home and often their offspring are delaying in supplying them with grandchildren, which leaves their pets as the recipients of their doting attentions.
Veterinary offices are responding by becoming more specialized in designer treatments that would rival a human hospital to meet the demand of pet parents wanting similar treatments that would be available to people.Â Pet oncology, hip replacements, extensive lab work, and other previously unheard of procedures are becoming commonplace, and veterinary practices are being stretched thin to try to stay current with available pet care technologies. Often these advanced procedures come with a hefty price tag, with inflation for general pet care increasing to keep the practice afloat.
So it's easy to see why pet insurance is particularly valuable in modern times, especially if basic procedures are going to go up to accommodate designer care. With policies ranging from $10 to $100 a month, depending on the breadth of coverage, there is a policy for everyone.
Some employers are beginning to offer pet insurance as part of their employee packages. I believe Ms. Boo may launch another campaign towards our HR department to make this happen! In the meantime, here is a thorough resource we will be exploring that has helpful insights into the various companies: Pet Insurance University.
Have you had any experiences with pet insurance that our readers and I might like to hear about? What are the things that are important to you when considering your pet's health?
Featured "Cone of Shame" photo by Aidras.