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I still believe most people are better off forgoing the policies and instead putting the money they would spend on premiums into a savings account. Pet insurance can cost $2,000 to $6,000 over the life of an average pet, and the chances are slim you’d ever have to shell out that much for treatments. "When we added the Veterinary Pet Insurance plans. VPI plans are available in both payroll and non-payroll deduction forms, and offer additional discounts for multiple pets. The savings provide an extra benefit for pet-owning employees to help protect their pets. The policies typically have deductibles, co-pays and caps that limit how much will be paid out annually. Treatments once reserved for humans, from radiation therapy to kidney transplants, are currently available for pets. That means once-fatal conditions are now treatable at costs ranging from $1,000 to $5,000 or more. Pre-existing problems and hereditary conditions, such as hip dysplasia in German Shepherds and retrievers, are normally excluded. Pet insurance is much more common in countries such as the United Kingdom, where over 12% of the pet owners can buy insurance from over 60 different companies. In the U.S. there are 5 main players: PetHealth, Veterinary Pet Insurance, Pet Protect, Pet Assure, and Hartville Group. The U.S. market for pet insurance has been growing at an annual growth rate of 45% over 5 years, totaling $88 million in 2002 according to the research firm, Packaged Facts. Industry leader Veterinary Pet Insurance plan as a benefit, our employees were pleased that this was offered to them," said Brian Clelland, director of benefits and administration for the Los Angeles Unified School District. VPI is the nation's oldest and largest licensed health insurance plan for pets, with its VPI Superior, VPI Standard and VPI Avian & Exotic Pet Plans available in all 50 states and the District of Columbia. Founded in 1980, VPI offers several plans that cover everything from homeopathic medicine, vaccinations, and other routine care to cancer treatments, for a wide range of pets, including many birds species. That inflation has helped fuel a significant rise in the pet doctor. are et nsurance - dare pef inskrance. |
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