The 5 Best Pet Insurance
It is not always easy to decide if you should get pet insurance for your pet.
When you buy a puppy from a reputable breeder they come with a health guarantee. Then there is less risk for your puppy to be sick down the road. But you still need to get check ups and all the shots.
When you adopt a puppy or a dog there is no health guarantee. That is when pet health insurance may be a good option for you.
It is not easy selecting pet insurance that suits your needs. Pet insurance coverage can vary, but owners should expect that their pet will need some form of accident and illness coverage. Plans for dogs and cats typically offer a full reimbursement for accidents, injuries, illnesses, accidents and wellness care. In addition to covering pet illness, pet insurance policy also include many other types benefits such as wellness care and medication costs.
Pet insurance plans include deductibles, co-pays, monthly premiums, and have coverage limitations. An alternative to pet insurance, you can set up a dedicated savings account for unanticipated health care costs for just in case.
Are you a pet owner who has experienced pet illness? Have you ever wondered what it would be like to have pet insurance?
You might be surprised to learn that each year, owners spend over $8 billion on vet bill. This means pet owners pay an average of $580 per household. Many people are just as concerned about the cost of their pet’s treatment as they are with the quality of care provided for their pet. If you have been searching for insurance options for your pet, look no further!
A few questions to ask before reviewing 5 top pet insurance policies:
– Does my dog or cat need pet insurance?
– How much pet insurance coverage do I need?
– Can my pet become “uninsurable”?
– What is a deductible and how does it work with pet insurance plan?
Though pet insurance doesn’t cover pre-existing conditions, it will cover your pet from the moment you purchase the plan. This means that any accidents and illnesses that have occurred before purchasing pet insurance can be covered under your policy. In this case, pet parents save money by not having to worry about co-pays for procedures or fees associated with each visit to the veterinarian. Pet life expectancy has increased dramatically over the last two decades, so pet ownership can carry years of financial responsibility if your pet becomes sick. Because of this reason, pet insurance is becoming more popular.
We selected the 5 best pet insurance company based on reviews, overall coverage and customer service.
Figo Pet Insurance
Pros
-Tech savvy app loaded with features.
-Excellent customer service.
-Three tiers of coverage all include comprehensive medical protection.
-Pet insurance cover unexpected illnesses and injuries of your dog or cat.
-Visit any licensed veterinary practice, emergency hospital or specialist in the US, Canada or Puerto Rico.
Cons
What is not covered:
-Pre-existing Conditions.
-Routine, Wellness Coverage or Preventative Care.
-Spaying or Neutering.
-Experimental Procedures.
-Breeding, Pregnancy or Giving Birth.
Healthy Paws
Pros
-Single comprehensive plan.
-No caps on annual or lifetime payouts.
-99% of claims processed in two days.
-Use any licensed vet.
Cons
-80% reimbursement with a $250 annual deductible.
Not covered:
-Pre-existing Conditions
-Preventative or Routine Care
-Spay/Neuter Procedures
-The Office Visit Fee or Examination Fee
Trupanion
Pros
-One great plan that covers all unexpected injuries and illnesses.
-One deductible per related complaints.
-Direct pay to vet.
– 90% reimbursement.
Cons
-Subpar customer service.
-May be expensive.
-30-day waiting period.
Nationwide Pet Insurance
Pros
Nationwide’s “whole pet with wellness” plan is the only policy among our top picks that covers routine wellness costs like exams, vaccinations, dental cleaning, and heart worm or parasite treatment. This coverage plan reimburses vet bills at 90%, meaning you’ll only have to cover 10% out of pocket in almost every single pet care scenario.
Cons
That said, it comes at a higher-than-average monthly premium plus a $250 annual deductible.
24PetWatch
Pros
-Offers pet recovery resources.
-More plans (have one more tier to choose from could be the difference between finding affordable coverage and settling on a policy that potentially offers more coverage than you really need).
-Multiple pet discount.
Cons
-Offers an “unlimited” tier when it came to annual benefits. You might require more coverage or an unlimited plan.
Is pet insurance tax deductible?
For pet owners who itemize taxes, pet insurance can be tax deductible. This means pet owners should set aside all pet-related expenses throughout the year in order to be able to take advantage of the full deduction. However, pet insurance does not have to be completely reimbursed by pet owners to get this tax break. If you only bring in a reimbursement amount that is less than what you paid for pet insurance, you will still receive your entire deduction.
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