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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: 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. 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. "When we added the Veterinary Pet Insurance as a voluntary employee benefit, including companies as varied as The Weather Channel, GMAC, Navy Federal Credit Union, and Chipotle Mexican Grill, VPI said. 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. Pre-existing problems and hereditary conditions, such as hip dysplasia in German Shepherds and retrievers, are normally excluded. QuickCare Gold 100% Coverage for cats provides coverage for an unlimited number of accidents and illnesses up to $2,500 per illness category, up to a maximum lifetime illness coverage of $30,000. Deductibles, exclusions and surcharges Pet insurance is much more common in countries such as the United Kingdom, where over 12% of the pet insurance industry. American Demographics magazine estimates that 5% of American pet owners have the insurance, up from less than 1% in 1995. Insurers have teamed with the American Kennel Club and Petco Animal Supplies to offer the insurance, while several major employers now provide the coverage as an optional employee benefit. Now I’m not so sure. As companies seek innovative, low-cost ways to keep employees happy, many now provide the additional perk of health insurance for pets. A new program from VPI helps pet owners. et lan beeder nsurance - Pey plam breedef insutance. |
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