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Understanding Pet Insurance

Understanding Pet Insurance

Similar to people, our pets can get sick and injured. Unfortunately, treatments for our furry friends can add up quickly. Watching those veterinary bills add up can make a stressful situation even worse. Pet insurance can help by offsetting some of these costs.

Of course, it’s difficult to predict when or if your dog or cat will become injured or sick. And vet bills will vary drastically from one pet to another. But if you like the reassurance and peace of mind as well as the help with large vet costs, then you may want to consider getting pet insurance!

Popular Pet Policy Providers 

According to Consumer Reports, 84% of the pet insurance market in the United States is covered by these pet insurance providers: Nationwide, Trupanion, ASPCA, and Petplan. Other popular policy providers include Embrace, Healthy Paws, and PetFirst. Most of these providers only cover cats and dogs, but some also insure birds and other animals.

How Pet Insurance Works 

Pet insurance is similar to health insurance plans for people in that it includes a variety of monthly premiums, deductibles, and copays. However, there is one major difference between human health insurance and pet health insurance. Most pet insurance companies require pet owners to pay the vet bills in full and then submit a claim for reimbursement. There is often a maximum payout amount, as well.

Most pet insurance companies also have waiting periods. This refers to the amount of time the company requires pet parents to wait until their pet is eligible for reimbursement on specific conditions. 

How Much Does Pet Insurance Cost? 

The answer to this question will depend on a variety of different factors. Your pet’s age and breed will be considered; for example, many plans will have higher premiums as your pet ages. The cost will also vary depending on the deductible amount and the type of coverage you choose. 

What Does Pet Insurance Cover? 

Some pet insurance plans cover accidents, while others cover both illness and accidents. Some policy providers also offer coverage for preventative care for annual exams and other routine care like vaccinations. 

Coverage will vary between plans, so it’s important to analyze your plan options so you know what’s included and what’s not. Generally, pet insurance will cover bone fractures, car accidents, ear and eye illnesses, infections, foreign body ingestion, and flea-borne illnesses. Many plans will not cover pre-existing conditions or genetic conditions (or they may charge you more for those options). 

Ideas for Keeping Your Pet Healthy 

Taking steps to keep your pet healthy can help you save money and cut down on medical costs. Here are some ideas to help keep your pet healthy and happy! 

  • Spay or neuter your pet: Spaying or neutering your pet can help them live a longer, healthier life by helping protect against future health problems. For females, spaying them can protect them from uterine infections and breast cancer. Neutering males can reduce their risk of developing testicular cancer, perianal tumors, and prostate gland problems. 
  • Take your pet to the vet for annual checkups: Routine checkups and veterinary care are crucial for protecting your pet from preventable illnesses and detecting diseases early.
  • Keep your pet at a healthy weight: Excess weight can be hard on your pet’s body, and it can lead to a variety of health issues. You can help manage your pet’s weight by making sure he is eating a healthy diet and getting plenty of exercise. 
  • Stay up to date on parasite prevention: When it comes to fleas, ticks, heartworms, and other pests, prevention is key. These pests can cause a variety of health issues, including Lyme disease and anemia. There are many different methods for getting rid of and preventing pests on your pet. 
  • Boost your pet’s health with vitamins and supplements: You can help improve your pet’s overall health and fill nutritional gaps with vitamins and supplements formulated just for pets. 

When it comes to your pet's overall health, you want only the best. 

That's why Thomas Labs offers high-quality, trusted solutions for all your pet's needs. With the help of our Thomas Pet and Thomas Vet brands, we offer a wide selection of pet products and supplements to help improve the health of your four-legged friend. 

The materials and information provided on this website are not intended to replace the medical advice or services of your veterinarian or other pet healthcare professional. Consult your own veterinarian if you have medical questions concerning diagnosis, treatment, therapy, or medical attention.

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