TOP THREE WAYS TO TAKE CARE OF YOUR PETS MEDICAL NEEDS
With the rising cost of health care on the news everywhere pets are getting overlooked ... but what would you not do for your sick or injured pet when the time comes. Here we share a few ways to help you prepare.
ONE: Pet Health Insurance
Pet insurance pays the cost of medical treatment and care of injured or sick pets. With continuing medical advancements, the cost of health care for pets has grown, increasing the popularity of pet insurance.
Policies differ from company to company, but typically, pet insurance pays for some or all of the costs of medical care for a pet, less a deductible. Some pet insurers pay the medical provider directly, while others reimburse the pet owner for out-of-pocket medical expenses.
Most policies cover emergency visits, drugs, and lab tests. Some policies also cover the cost of emergency kenneling, spaying, neutering, and preventive care like heartworm medicine. A few policies even pay a stated amount if your pet is lost, stolen, or dies.
Insurers differ as to coverage of pre-existing conditions or diseases that some pets are prone to develop. Some policies, if renewed, may exclude coverage for a condition or illness for which the pet was previously treated.
Generally, the cost of pet insurance is based on the benefits provided, the type of pet insured, and the pet's age. For example, premium costs will increase for policies with more benefits, a lower deductible, or for policies insuring an older pet.
Pet insurance may be an efficient way to fit potential costs of pet care into your overall financial plan.
TWO: Emergency savings account
If pet insurance isn't right for you, you might consider setting up an emergency savings account for pet health care.The really great part is that if your pet stays healthy that your savings grow.
THREE: Short Term Vet Financing
Also, many vets will offer short-term financing for some expensive procedures. In any case, the best time to decide how you'll pay for your pet's medical expenses is before you acquire your pet.
Below are websites of some of the most popular pet insurance plans. Please visit their websites for the policies offered.
Veterinary Pet Insurance (VPI) www.petinsurance.com
PetPlan www.gopetplan.com
ASPCA Pet Health Insurance www.isyourpetcovered.com
Trupanion www.trupanion.com
For information about medical insurance for you and your business or other financial services, please contact Lewin & Gavino at 201-659-7170 or visit us on the web at www.lewinandgavino.com
