Before deciding on any pet insurance plan for your dog or cat’s family members, you need to understand the types of coverage available and the terms and treatments provided by these plans.
With pet insurance, there are three types of coverage:
- Comprehensive Care
- Accident Only
- Health Coverage (or Preventive Care)
While you may think they offer the same benefits, it’s important to know the differences between plans to make sure you choose the right coverage.
You also need to familiarize yourself with benefit limits to avoid stuck with strong vet bills when they (potentially, inevitably) start to pile up.
If you can afford it, I recommend choosing Comprehensive Care.
These are plans offered by most providers that include both accidents and illness.
(It is important to note that providers all have different names for these top-tier policies, namely Comprehensive, Accident & Illness, Premium, Ultimate, etc.)
This type of plan allows pet owners to be prepare for unexpected emergencies and pay for ongoing care due to illness or long -term illness.
Obviously, the conditions and treatments included in the plan depend on the coverage offered by the pet insurance company, but here are some of the most common and expected coverage options:
- Accidents and illness
- Hereditary, congenital, and / or chronic conditions
- Diagnostic tests
- Prescription drugs
- Emergency care
Remember, the above is not necessarily a complete list of treatments and conditions covered.
However, this is a more frequent concern that should be included in any Comprehensive Care package.
Many animal insurance providers include other options, or the ability to purchase additional coverage for things like dental care, specialty care, behavioral therapy, alternative care and others.
Do your research!
In general, Accident Only plans are cheaper than Comprehensive Care packages.
Because they are not as far away as the type coverage described earlier.
Accidents Simply put, emergency coverage and unforeseen situations.
Maybe your dog swallow a bottle of chocolate or one of your prescription pills or got stuck with a horn while walking.
These things happen, and the Accident Plan Only takes care of such situations.
Just note that they do not take into account allergies, cancer, or parasites.
Health Coverage (Preventive Care)
First things first, Wellness Care is usually not a cost effective coverage option.
With health coverage, you pay into the plan (usually monthly), for your pet’s vaccinations and regular checkups.
But most preventive care, such as vaccines and regular checkups, is better handle out of pocket since you pay more for coverage than for the treatment itself.
Now that you have an idea of the main types of coverage, let’s look at some of the limits to its benefits.
Benefit limits are lowered into two main categories: unlimited and restricted .
- Unlimited life means your pet insurance provider will cover vet bills after you close the deductible period. This is an option of choice, as you don’t have to worry about rising care costs if health problems persist with your furry friends.
- Restricted plans cover your expenses to a certain point, and are further divided into 3 categories:
- Annual maximum : The annual maximum plan puts a cap on the annual amount the company pays in general. If you reach for the cap, you pay any amount. And it’s back after every year.
- Annual events events work the same way, but they are made for a specific condition, procedure, or illness. The company may have a cap on the cost of hospitalization, which means you pay any amount in excess of the set limit.
- Lifetime maximum: A lifetime maximum plan (general or per incident) sets a certain amount the company will pay for the life of your pet.If your beloved dog or cat has a chronic illness and needs regular medical attention, this type of option is very lacking.
Of course, the choice of coverage and the choice of rights depend on budget and other factors.
No one knows your pet better than you, including their traits and tendencies.
When it comes time to choose a plan, knowing the options available gives you the option of the upper leg in the process.