Companies Embracing Pet Insurance

09/24/2008

Companies Embracing Pet Insurance

In an era of increasing health insurance costs and reduced benefits at work, a new employee perk is becoming much more common than in previous years.  While pet insurance still has a long way to go before becoming mainstream, the trend is expected to increase dramatically in the next few years.  This increase is largely due to the fact that procedures that have in the past been used exclusively for human diagnoses, like CAT-scans and MRI’s, are much more commonly used by veterinarians.

 At present, only 2% of companion animals are insured in America.  Approximately 20% of all pet insurance policies are held through corporations.  In most cases, companies incur no additional cost for offering these policies.  And these policies are discounted slightly, compared with signing up for them on an individual basis.  Pet insurance is available through companies like Veterinary Pet Insurance, Pet Health, Inc., ShelterCare and others, both for cats and for dogs. 

All in all, coordinating the offering of these pet policies is a great, no-cost way for companies to help employees deal with the rising costs associated with new forms of veterinary care.  If this benefit is not currently offered by your company, you might consider informing your human resources department about the availability of these programs.  Please remember, prior to purchasing a pet policy, be sure to discuss with your vet which kind of policy will best suit your companion animal’s needs.

Posted: 09/24/2008 at 04:02 PM
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Posted: 09/24/2008 at 04:02 PM
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