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Despite this growth, however, only 1 percent of the 136 million dog and cat owners in the U.S. have pet insurance. Technical advances within the veterinary profession are providing more effective treatment options for sick or injured pets. Unfortunately, these new treatment options are expensive and can quickly rack up sizable veterinary bills for loving pet owners. Vets have access to increasingly sophisticated and costly diagnostic tools such as MRIs. Such screenings not only boost the cost of exams but often detect problems that once would have gone unnoticed, and untreated. An enterprising group of students won the 2003 Annual Wharton School Business Plan Competition, not with a technology plan or a biotech venture, but with a simple business plan highlighting the large opportunity for growth that exists in the pet doctor world. Vet costs have risen 73% in the past five years, to $19 billion. Now I’m not so sure. The older your animal, the more you’ll have to shell out that much for treatments. You may not know it, but 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. Petshealth's Quickcare plan for dogs also provides coverage for an unlimited number of accidents up to $2,500 per accident. QuickCare Gold also provides coverage for over 6,000 illnesses, with no maximum annual illness benefit restrictions. Cats can be enrolled as early as 8 weeks of age for puppies. When you enroll your cat in QuickCare Gold before the age of 8 (age 6 for 'select' breeds), coverage continues for the rest of its life. The same $50 fixed deductible on all QuickCare Gold Programs for dogs. According to 2002 figures from the American Veterinary Medical Association, there are more than 61 million dogs and 69 million cats in the U.S., with approximately 300 species of birds kept as pets. More than 60 percent of U.S. households own a cat or dog. More than 91 percent of pet owners take their dogs and cats age six weeks and older —. at pe heath insurnce - vat pwt healtn inskrance.

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