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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. But if you’re the type of person who would do anything to save your pet, including spend thousands of dollars on medical treatments, pet insurance might be a preferable alternative to going into debt. 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. Petshealth's Quickcare plan for dogs also provides coverage for an unlimited number of accidents and over 6,000 illnesses with no maximum annual illness benefit restrictions. Enrollment is 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. There is a $50 fixed deductible on all QuickCare Gold Programs for dogs. Deductibles, exclusions and surcharges 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: 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. 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. U animl healh insuranc pe - Ul xnimal nealth insurznce per. |
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