Pet health care insurance can work as a limited savings plan for individuals who are not disciplined enough to set money aside into a savings account for their pet’s health care over the course of that year with more to spare in case of an emergency. Usually, saving fifteen to twenty dollars per month is more than enough to pay for the yearly vet visit and vaccinations required for one pet. This is often the best option for individuals if they are able to discipline themselves to set that money aside and not use it for something else because the pet health care insurance policies not only require that the premium be paid each month, but also require that the pet owners pay the entire cost of the vet visit up front and then wait for reimbursement, not of the entire cost of the visit, but whatever the insurance pays, usually eighty to ninety percent of it.
[widget id=”ad_unit-2″]Ad Widget: 468x60Banner-Insurance[/widget]
Plans
Most pet health care insurance that covers vet visits will cost from thirty to forty dollars per month and will still require that co-pays of ten to twenty percent be paid by the pet owners. That means that the pet owner will have paid from three hundred fifty to almost five hundred dollars per year for the pet health care insurance plus ten to twenty percent of the vet visit. If the yearly visit cost two hundred dollars, at ten percent co-pay, the health insurance would cover one hundred eighty dollars of it. If the person had paid thirty dollars per month for the plan, equaling three hundred sixty dollars for the year, the pet owner would have paid one hundred eighty dollars too much that year for the care of his pet. He would have been much better off setting that thirty dollars per month in a savings account where it would be earning interest, would be available to use when needed, and would have extra in it in case of emergencies.
Where pet health care insurance is most beneficial is when there is a medical emergency involving the pets, whether a sudden illness or an accident. ASPCA pet health insurance or any other type is a great help in the long run with those situations. Often emergency care can cost the pet owners over one thousand dollars since diagnostic tools and medical care is much more sophisticated today than ever before. Although the pet owner will still have to figure out how to pay the money up front, the pet health care insurance will at least reimburse for the costs at eighty to ninety percent of it, thus relieving the burden from the pet owner.