Have You Considered Pet Insurance? A Brief Overview.

Pet Health Insurance - VetDC and TANOVEA-CA1As veterinary medicine advances with breakthroughs like TANOVEA™-CA1 (rabacfosadine for injection) cancer treatment for dogs, our pets have the opportunity to live longer, healthier lives. However, even as pet owners celebrate that fact, they have to consider the cost of caring for their best friend. Pet health insurance can be an excellent way to address the financial aspects of treatment.

Frequently Asked Questions About Pet Health Insurance

According to the North American Pet Health Insurance Association (NAPHIA), there are approximately 179 million pets in North America. Of those, approximately 1.6 million are covered by NAPHIA members. So, even accounting for animals covered by other insurers, the vast majority of pets in North America do not have coverage.

Many factors contribute to that fact, but one is surely that people simply don’t know about pet health insurance. So, below are answers to some common questions about this important coverage.

What does pet health insurance cover?

Pet health insurance helps to cover the cost of veterinary treatment for injury or illness. Policies may also cover visits for preventative care. Furthermore, certain policies even provide a payout if a pet dies, is stolen or lost, injures a third party or damages their property. Pet health insurance policies are available for dogs, cats and a wide variety of other animals.

How much does pet health insurance cost?

The cost varies widely based on coverage, but for dogs a policy with standard coverage might run between $25 and $35 per month.

What are the most common claims for dogs?

The most frequent accident-related claims include bite wounds, swallowed objects, cuts, car accidents and poison ingestions. The illnesses that most often result in a claim include growths/cancers, ear infections, upset stomach, skin problems and vomiting.

What key considerations should I be aware of?

Keep the following in mind when researching pet health insurance:

  • What exactly is covered by the policy? Are there exclusions?
  • What are the monthly premiums, deductible and copays?
  • Is your veterinarian “in-network” for the policy? If not, does the policy cover your vet at all?
  • What does your veterinarian think of the policies you are considering? They may be able to provide insight.
  • Regarding cancer specifically, what items are covered? For example, does the policy cover diagnostic scans? Lab tests? Surgery? Chemotherapy?

Ensuring Your Pet Leads a Happy, Healthy Life

From simple care to cancer treatment for dogs, pet health insurance may provide the financial support you need to keep your dog happy and healthy. Just like with your family’s health insurance, the key is doing your homework before you make a commitment.

To learn more about our canine cancer services, contact us today.

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