pomeranian puppy

Pet Insurance Saves Money

What they don’t tell you about pet insurance: Written by the team at Money.com

Pets have always been part of the modern familial hierarchy in America, with 67% of households owning at least one. This reflects a significant increase since 1988 when only 56% of households did. Despite the economic hardships that pets can impose, pet ownership has increased steadily through the decades. Dogs, cats, aquarium fish, birds, reptiles, and other animals are now seen as valuable family members who serve as entertainers, companions, and even protectors of the homestead.

How much for my pet’s medical bill?!

With approximately 85 million households in the United States owning a pet, caring for these nonhuman family members has become a $99 billion a year industry, more than doubling since 2010. This statistic not only testifies to their popularity but also to the level of financial sacrifice some pet owners make to keep their pets healthy and happy.

The cost of veterinary care alone is expected to reach $30.2 billion this year. As veterinary care continues to incorporate many of the advanced diagnostic and surgical techniques that are commonplace in human healthcare, the cost of veterinary care will likely continue to rise. And with many pet owners facing economic strains due to the pandemic, a sudden pet health emergency, even if not grave, could have them facing the possibility of “economic euthanasia,” having to put their pets down because they lack the funds to cover sudden veterinary expenses.

What alternatives are there though?

An increasingly popular option to prevent this type of situation is a pet insurance policy. Unlike human health insurance which usually pays out directly to the medical provider, pet insurance works on a reimbursement basis. Here’s how:

  • You must first pay the veterinarian for the procedure needed and then request reimbursement from the pet insurance company. The reinstatement amount is never 100% of the cost, although some of the more complete plans cover up to 90% of vet costs. 
  • After this, the reimbursement process is usually simple, requiring only the vet’s invoice (and sometimes some treatment records) along with a completed claim form. You will then receive your money quickly. 

How Pet Insurance really works

Like other types of insurance, pet insurance is essentially a package of many different types of coverage. Some packages cover only the bare essentials, while others are more and include preventive care and rehabilitation. Dental coverage for pets is rare, but a few carriers are now offering it as an option in their pricier policies. However, nearly all pet insurance policies exclude preexisting conditions and specific conditions such as hip dysplasia. They also can include payout caps on particular procedures, on the yearly payout, or even on the total the policy will pay. Most pet insurers will reimburse you for care rendered by any licensed American vet, but some limit policyholders to certain veterinary clinics and networks. 

All pet insurance plans have a deductible of one type or another. Most insurers give their customers a choice of deductibles; policies with lower deductibles cost more. Being able to adjust the deductible allows customers to pick a policy with a monthly payment that fits their budget. So, here’s the big question, exactly what can you do to budget properly? Well, here are some steps:

Look for quality instead of quantity

When you are looking at an insurance plan, you might feel more attracted to a plan that offers more services. However, you should be careful to pick the one that offers quality over quantity. It’s tempting to cut costs, but this might compromise the quality of your pet’s life. In the long run, it might end up costing you more.  

However, if your pet receives quality care, it will be healthier, which means you would be spending a lot less on vet visits down the lane. 

Determine the age and size of your pet

One of the first things you should do before getting pet insurance is to evaluate the different costs at different stages. When your pet is younger, you might have to spend more money on insurance, considering you will need to get it neutered or spayed. Plus, if you have a dog, you would need to spend money on training and vaccinations. Some dogs have upper respiratory problems to deal with, while the older dogs can have joint problems. This, of course, depends on the type of pet you have. However, it is clear you will need some insurance to sustain them. 

Get Discounts

One thing you can do is to score a discount on your premium. Not many people know this, but with a pet insurance premium, you can easily offer a discount for 5% to families that own 2-3 pets. If you have 4 or more pets, the nationwide pet insurance policy is 10% discount. In this way, you can save more.

Eliminate unnecessary expenses

You can also opt for more budget-friendly pet insurance to cut down on other expenses. For instance, search online to get the best deals for pet food, litter, poop bags, or anything you think might give you a good deal. You can also see if you are getting cheaper grooming services. This would help to save money in the long run. The money could then be used to purchase a better pet insurance policy. 

Don’t settle for the first provider you find

Before you decide to take up an insurance policy, you should compare pet insurance providers to see what each provider is giving before coming to a final policy. This would help you understand which plan provides better premiums, deductibles, sample reimbursements, and other details. Choose the one that best suits your pet’s needs!

Employers insurance

Some companies also offer pet insurance to their employees. You should check to see if your company is one of those. If yes, you should opt for it instead of purchasing an insurance policy yourself. This way, you can keep a greater amount for emergency funds instead of paying it every month for insurance purposes. 

Final thoughts

Pets can lighten up your home, and they are good companions. More people are starting to realize that. However, it is equally important that their health is looked after, and they are given the best kind of medical care. Therefore, it is important that you invest in a health insurance policy that can give them the best care while not being too heavy on your pocket either. If you can apply the above budget tips, you are sure to provide them with good health coverage that can improve their quality of life.

Wisdom Panel DNA Test

What Breeds Were Your Dog’s Parents? DNA Test for Dogs!

The ‘Deets’
  • With a simple cheek swab you can do at home, this test searches over 350 breeds!
  • There are only three steps to complete!

How it works: THE DOG DNA TEST

All you have to do is collect your dog’s DNA with a cheek swab. Then, activate your kit online and send your kit to the lab!

P.S.- The shipping is prepaid so there aren’t any additional expenses!

how long to get results?

You’ll receive our genetic analysis of your dog’s ancestry & breed identification in as little as 2 weeks.

the benefits of dna testing for dogs

  1. Genetic testing can help you identify breeds therefore identifying specific health issues common to those breeds.
  2. Based on the results, you can work with your veterinarian to develop training and nutrition plans.
  3. AND, of course, you will now know exactly what breeds your dog consists of!

wisdom panel: most comprehensive dna for dogs company

Wisdom Panel is leading the way in genetic testing for dogs. They have tested over 1.5 million dogs and developed the most comprehensive breed database in the world!

understand your dog better

You will better understand your dog by discovering:

::::::Appearance

::::::Behavior

:::::: Wellness Needs

click the link below to learn more about the wisdom panel test!

I’m Hesitant to Hire a Pet Sitter, But I Have to Work

Whether you’re considering hiring a pet sitter for vacation stays or an everyday stay while you’re at work, you might be hesitant or nervous to give someone else the opportunity to care for your dog. And, that’s completely understandable. Looking at the benefits and learning how to hire a qualified professional may ease your mind.

A professional dog sitter will ensure your dog gets the right amount of exercise all day. The sitter will make sure your dog has plenty of interaction and is fed properly. Professional pet sitters should also be comfortable, and qualified, to provide your dog with medication should he or she take any daily.  

Hiring a pet sitter will also make sure your dog has plenty of human interaction throughout the day. Socialization and play is critical for our dogs- and they won’t have to be lonely during the day with the pet sitter.

If you choose a professional pet sitter from a service like Rover, you can rest assured knowing your dog is covered under a pet insurance plan. If for any reason, something were to happen, you would pay a small deductible and pet insurance would cover the rest of the bill.

You should decide if you feel comfortable bringing your dog to the sitter’s house… or if you’ll require the sitter to come to your house for the day.

Finally, make sure you schedule a meet-and-greet once you think you have found ‘the one.’ See how your dog interacts with the prospective sitter. And, take that time to learn more about their qualifications. Tell them about your dog’s schedule. Make sure the fit feels right for you, your dog, and the pet sitter.

To learn more about your dog, grab a copy of Amber L. Drake’s book, Dog Talk: What Your Dog Wants You to Know, available at Amazon and Barnes & Noble.