Pet Insurance 101

PET INSURANCE 101 The options for pet insurance are growing every day and can be confusing. Here is an overview of what it is and what it is not, how it works, and key terms you need to know to make the right pet insurance decision for you and your pet. WHAT IS PET INSURANCE? WHY CONSIDER IT? PET INSURANCE CHECKLIST WHAT IT IS Though we don't like to think about it, most pets get hurt or sick at some point in their lives. WHAT IT IS NOT MOST COMMON Pet Insurance is Pet insurance is not HEALTH PROBLEMS WITH PETS coverage for veterinary bills due to unexpected an investment or a DOGS CATS Compare policy features, terms and conditions to find the right pet insurance policy for you AND your pet's needs- know what you're buying! health savings plan. 1. Ear infections 1. Lower urinary tract problems 2. Vomiting 3. Chronic kidney failure accidents or illnesses. 2. Skin allergies LIFE CYCLE OF PET INSURANCE 3. Hot spots PET OWNERS WITH 4. Vomiting 5. Diarrhea PET INSURANCE HEALTHY PET AND HAPPY OWNER * Is the policy and information easy to understand? BY COUNTRY 4. Hyperthyroidism 42% U.K 5. Diabetes * Find out what IS covered and what IS NOT covered by the different policies. Which policy fits your needs the best? 33% GERMANY 27% SPAIN 23% FRANCE What are the co-insurance and deductible options for the policy? Will this fit your financial situation if you need to file a claim? I 2% U.S. The first do $2500 Does the company pay out based on the actual vet bill or by a benefit schedule? Understand the difference. Starting vet bill for a dog's torn knee ligament Sse sem in the U.S * Are there coverage limits per incident, per year, per lifetime? If so, understand what they are. PREMIUMS TYPICAL VET BILL The monthly cost for pet insurance. This will change by type and breed of pet, location, age of pet and the selected coverage plan. * Are conditions that were diagnosed one year considered pre-existing conditions the next year? Co-insurance Deductible * Is the company licensed in your state and do they have a good reputation? Ask your vet and read reviews. $$$$ Pet Insurance Reimbursement Pet owner's responsibility GET THE BILL $12-$36 Cats LIFE CYCLE OF PET INSURANCE AVERAGE Pet insurance coverage MONTHLY PREMIUMS Dogs •$25-$65 PRE-EXISTING WAITING PERIODS CONDITIONS DEDUCTIBLE Period of time directly following sign-up but before full coverage begins. Illnesses or accidents that occur during An illness or condition The portion of the vet bill the pet owner is responsible for before the pet insurance provider CO-INSURANCE trupanion which first ocurred or displayed signs prior to pet insurance coverage. The percentage of the vet bill the pet owner is responsible for versus what the pet insurance provider will pay. waiting periods will not be covered and will be considered pre-existing conditions. Istart payment. Medical insurance for your pet. HOW DOES IT WORK? HOW MUCH DOES IT COST? trupanion.com 12011-2012 rdatry Statistics Trends" Amerin Pet Products Aceiation 2011. Web. 06 Jan 2012, epllamerie hetp://veterinarybenine.dm36.comm/veteciarticle/articleDetal apidS6671. 3"Coverage That Cares Veterinary Econamics Aug 2010: 26. Web. S Jan. 2012 4 DVM360 "20 Questions to Hele You Chac a Pet Inurance Provider Mar 2011. Vieb. 2 Jan 2012. htpiveterinarybusines dum360.com/vetacidata ticlestandaveteo/12011/7109sa/atele pt. SFelsted, DV, CRA, CVPM, MS, KenDen't Leve Gient out in the Col-help Them Find Ways to Pay" Veterinwy Economies DVM0. 1 De. 2010. Web 06 Jan. 2012 htp//eterinarybusine dum0 cem/vete/arsicleatcleDetaljid-70O573. 6 "Pet hrance Alondable Pet Care Health imsurance for Pets" MyMoneytielp.com Web. D6 Jan. 2012. htpwww.mymaneyhelp.com/education-centen/ineurano/pet-inmurance/pet-insutance shtrmi 7."Pet inurance Caime Make a Pet insurance Claim MyMoneytelp.com. Web. 06 Jan. 2012 http://www.mymaneyheip.com/education-centenlineurance petiuancelpet ceelaims Pe re Compae Pet Insurance Quotes fom Pet insunance Companies MyMoneyelp.com. We 06 Jan 2012. hepl/wwwmymoneytelpcomledutation centeriurcepet lompare petinunanceshti. Per imaneWiieedia We. 06 Jan 2012. hettp:/lenkipedia.orgwiki/Pet insurance 10 Volk, John, and Christine Merle, DVM. MBA, CVPM. A Veterinarian's Guide to Pet Heath Inurance. Schaumberg, : National Commission on Veterinary Economic leu Print. 11. "Ank the pet heath inmurer thee questions "Wanhington State Office of the Commissioner. 06 Jan. 2012 hettp://www.inrwee wagowlcorumer/otherlank pet-urquestionsh. 12 Top Things to Know Pet inuance Review 06 Jan. 2012. mplpeti erevien eom/101.a 13 "How Much Does Dag TPLO Surgery Cot Vetine. 02 Febs. 2012. htt/www.wetinlo.com/how-mchdoesdog-tplosgerycot htn. dets.orgioress industrutrendh ann 2 Bertholf, Amends "Focuning on Pet insunance The Muths and Truth Veterinary Eronomie DVM360, 1 May 2009 Web. 06 Jan 2012. PET GETS HU OR SICK RT 0aONVaNsN GO TO VET AN GET TREATER REIMBU ILEORANCE CO. A CLAIM WITH