Pet Health Care

What You Need to Know: PET HEALTH CARE REFORM BILL, -2010 1 Scenario Pet ownership rate: Veterinary costs in U.S: Rising veterinary costs: 62% Since 2000 veterinary of U.S. households own at least one pet, up from 56% in 1998. costs have risen over 70 percent. Pet health insurance facts: -1% USUALLY DON'T BUY PET INSURANCE UNTIL THEIR PETS of owners have health insurance for EGET SICK. their pets. 2 The Pet Insurance Bill Democratic state Assemblyman Dave Jones has introduced a bill to help regulate the pet health insurance industry in California. This bill improves disclosures to consumers of the benefits and limitations included in insurance policies issued for veterinary services. The policy excludes coverage on the basis of a preexisting condition or other disorder, as specified. KE Before After Any policy provision that limits coverage in a specified manner. The bill requires pet insurers to disclose to the Pet insurers were not clear about what their poli- The insurer reduces coverage or increases premiums based on claims experience in any preceding policy period. cies cover. consumer if: 3 Consequences 3 It would also make it easier to compare the plans available. More pet owners Consumers will be fully informed about the terms. will consider pet insurance. RAVEL Sources: California State Assembly • KPSP • CBS • MSNBC Information provided by: www.Travelinsurance.org --- nsuranc e- PET OWNERS