I can tell you from personal experience that veterinary pet insurance is real insurance taken out by legitimate insurance companies. I have had coverage of my animals for several years now and the companies I have dealt with are very real and reputable companies that offer medical assistance for dogs and cats. For example, AETNA was the underwriter of the last insurance policy I had on one of my older dogs.
Canine and feline medical insurance works in some ways like health insurance for people, except for a BIG difference. Regardless of the company selected, you will have to pay the vet’s bill in full. Then send the invoice paid to your insurance company, which will refund the amount indicated in the contract. So if an illness, accident or emergency occurs, you need to have a way to pay the vet bill upfront. This is the opposite of many health insurance plans for people, in which you pay a copay at the time of the services and the doctors bill your insurance for the balance to pay.
Just as health care coverage can vary for people depending on how good their health insurance is, coverage also varies for insured pets. They may or may not cover prescription drugs.
With the popularity of canine disease and accident coverage, doing a simple online search will bring up several reliable companies from which you can get instant online quotes. Depending on your pet’s age, your pet can only benefit from limited services. There are very few companies that offer pet insurance for older cats and dogs. For example, I have an older dog who is over 14 years old. I recently had to find a new insurance company for her because the current underwriter stopped taking out pet insurance in the state of Texas. Due to its age, some companies have limited coverage to accidents only and not to diseases. However, these same companies would have insured her for “life” if she signed up for their health plan before being considered “senior”.
Some pet health insurance companies give you the ability to create your own personalized plans based on coverage, deductibles, etc. The best thing to do obviously is to get at least 3 quotes from 3 different companies. Take the time to read what’s covered and what isn’t before you commit to buying insurance.
Thanks for reading this article. I hope you found it useful. Please think seriously about receiving veterinary disease and / or accident coverage while your pet is still healthy and young. If you wait until an accident, illness or emergency occurs, it’s too late. All pet insurance companies will see this as a pre-existing condition and will not cover your pet. Please look for future articles that I will write about this topic, as well as others, related to medical insurance for pets.