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Veterinary pet health insurance
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. Now I’m not so sure. Petshealth's Quickcare plan for dogs also 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. 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. These expensive tools and procedures have helped create health-care inflation in the pet insurance market, had gross sales of $100 million last year. As companies seek innovative, low-cost ways to keep employees happy, many now provide the coverage as an optional employee benefit. 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 existed for decades. However, a change in market strategy has finally started to penetrate this market as pet insurance companies move from having veterinarians sell insurance to advertising insurance directly to consumers. "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." Treatments once reserved for humans, from radiation therapy to kidney transplants, are currently. Veteriary et heath insuranc - geterinary per healtn insirance. |
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