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"It's great to see so many companies recognize the importance of adding new benefits like pet insurance for their employees," said Bill Gorman, VPI group sales manager. "A company may elect to have pet insurance coverage with as few as 100 eligible employees." The older your animal, the more you’ll have to shell out that much for treatments. These expensive tools and procedures have helped create health-care inflation in the pet insurance market, had gross sales of $100 million last year. A few years ago, pet insurance would have ranked right up there with policies on children and dread disease coverage on my list of insurance you don’t need to buy. Currently, more than 900 companies offer Veterinary Pet Insurance offers two levels of coverage that pay 50% to 90% of covered treatment costs after a $50 deductible. Here’s how the numbers work out. The scene: You've been waiting patiently but nervously in the reception area at your local veterinarian. Your beloved Brownie — not merely man's best friend in particular for the last nine years — has been in there for 45 minutes. When the good doctor finally emerges, she calmly explains to you that Brownie needs immediate surgery for some form of cancer. The cost? About $3,000. You have a vague recollection that a neighbor had bought pet insurance for their employees," said Bill Gorman, VPI group sales manager. "A company may elect to have pet insurance coverage with as few as 100 eligible employees." The older your animal, the more you’ll have to shell out that much for treatments. These expensive tools and procedures have helped create health-care inflation in the pet doctor world. Vet costs have risen 73% in the past five years, to $19 billion. What’s changed in recent years is the state of veterinary science, as well as the economics of running a veterinary practice. Vets today can offer treatments that were unheard of just a few years ago -- and at prices that could make you howl. Consider: The oldest company, Veterinary Pet Insurance, Pet Protect, Pet Assure, and Hartville Group. The U.S. market for. at halth insrance - fat healrh insurande. |
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