Is Pet Insurance the Right Choice for You?

The start of a new year is the time when many us of make resolutions to take better care of our health.  But what about our pets?  Do your wellness plans for your best friend include getting pet health insurance?

Many dog and cat owners consider pet insurance, and some employers even offer it as part of their employee benefits package.  But is it the right option for you?

The decision to get insurance for your pet depends on many individual factors.  Here are some questions you can ask yourself—and any potential insurance companies—before you buy.

What is the annual cost of pet insurance?

This can depend on your particular situation, including the cost of living in your area and the breed and age of your pet.  Consumer advocates warn that the cost of your annual premium may be higher than the benefits you receive.

One study found that while the cost for coverage is around $500 a year, most pet owners saw only around $275 in paid claims.

Do you own a “high-risk” dog breed?

Cats are generally less expensive to insure than dogs, but not all dogs cost the same to insure.  Some breeds are much more expensive than others.

The experts at the website I Heart Dogs report that some large breed dogs like the St. Bernard and Irish Wolfhound are especially pricey to insure.

They recommend choosing a plan that covers inherited and chronic health conditions (such as hip and elbow dysplasia).  Make sure the plan covers all aspects of treatment for an illness or injury (like overnight care).

What’s covered and what’s not covered?

Make sure you understand what each insurance plan covers and what is excluded.  All plans vary but there are some general guidelines to keep in mind.

According to the website Wag! you should be prepared to cover a lot of preventive care yourself.  This includes things like dental cleanings, parasite prevention, vaccinations, spay/neuter, non-traditional therapies, and prescription diets.

What should be covered under a good plan?  Farmers Insurance notes that plans should cover treatment for accidents and injuries, and certain illnesses like cancer, arthritis, and diabetes.

Remember to review plans carefully for details on coverage of hereditary and pre-existing conditions.

How can you compare insurance plans?

Ready to look into getting pet health insurance but not sure where to start?  Check out this veterinarian-reviewed, comprehensive guide to pet health insurance plans from the website lendedu.com.

 

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What Will Be the Top Pet Industry Trends for 2017?

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When it comes to caring for our dogs, cats, and other pets, many devoted pet owners will do just about anything to make sure that our fur kids lead healthy, happy, and pampered lives. Trends in the pet industry reflect our continuing interest in providing the best food, products, and care for our four-legged friends.

What will be the hottest trends in the pet business in the coming year? Industry experts predict the pet industry will continue to grow by leaps and bounds. Here are the top projections:

Natural Pet Products

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Consumers will continue to be aware of the safety and sustainability of the products they buy, and that goes for pet food and other supplies. More and more of us will be seeking out natural pet food, cat litter, flea and tick products, grooming products, and toys.

Specialty Pet Services

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We also will continue to provide our pets with the best care we can. The market for upscale pet services will continue to grow. Areas include training, grooming (and other “spa” services), behavioral consulting, photography, and boarding/pet sitting.

Pet-Friendly Business

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Other pet trends to watch for include the growth of mobile dog and cat grooming services, more businesses like stores and restaurants that welcome pets, pet-friendly travel and hotels, and the growth of pet health insurance.

 

Should You Get Pet Insurance? Introducing The Embrace FACE Partnership

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While it’s easy to budget for routine pet care expenses like food, kitty litter, and trips to the groomer, a serious pet injury or illness can lead to thousands of dollars of unexpected veterinary expenses. One recent FACE case, a pug named Sophie, is a perfect example of this. Poor Sophie slipped and fell backwards when trying to jump on the couch for a snuggle. She landed on her back and began crying in pain. Sophie was diagnosed with IVDD (Intervertebral Disc Disease from acute trauma).

Sophie needed an operation called a Hemilaminectomy, a major spine surgery costing thousands of dollars, to save her. Sophie’s owners received assistance from FACE so that she could get the medical treatment she needed. While this case has a happy ending, many pet owners are faced with the heartbreaking decision to euthanize their pets when told about veterinary expenses they simply can’t afford.

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Is pet insurance a good option for pet owners to consider? Here are some points to keep in mind when making the decision, courtesy of Consumer Reports:

  • Make sure you understand the insurance plan’s coverage limitations, like preexisting conditions.
  • Know how much your deductible or co-pay will be before you sign up.
  • Find out what conditions are excluded from coverage, such as hip dysplasia.
  • Be prepared to pay the bill up front and then wait for the insurance company to reimburse you.
  • Pet insurance can be most valuable if your pet develops a costly, chronic medical condition while already covered.

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If you think pet insurance is the right option for you, check out our website to learn more about the Embrace FACE Partnership. FACE has teamed up with Embrace Pet Insurance to offer our friends a 10% discount on your pet’s insurance coverage, plus other benefits like 25% off your premium, if eligible. Just click on the above “Embrace FACE Partnership” hyperlink to find out more.

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Thank you for taking steps toward keeping your pet safe, healthy, and happy!