What Does Pet Insurance Cover – It’s Types & Detailed Overview

What Does Pet Insurance Cover

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It was the Millenials who brought the trend of treating pets as children. Each pet owner spends around $2,000 on vets and medical treatments. But regardless of the expenses, pet owners started massively adopting stray cats and dogs. 

The increased number of compassionate humans massively adopting pets brought to light the pet insurance branch to prevent pet parents from sinking into debts.

In this review, we will explain what pet insurance covers, the pet health insurance costs, and other topics of interest regarding insuring your slipper-eaters. Keep reading and stay informed!

What Does Pet Insurance Cover?

By default, just like human life insurance – all pet insurance companies cover pet injuries and unexpected accidents. That’s an accident-only type of insurance. But, there are two other types of pet health insurance.

One is Accidents and Illness insurance. Obviously, this type covers both unexpected accidents and several conditions. More specifically, it covers allergies, deworming, cancer, serious respiratory and digestive illnesses. Therefore, pet insurance policies will financially cover pet parents for hospitalization, treatments, surgeries, or prescription medication.

The second one is the Wellness program. Wellness programs aren’t covering you financially when accidents happen. But, they offer programs that can coach you on how to raise your pet appropriately. 

They cover your vet visits, examinations, spay or neuter, pre-existing conditions. Pet insurance policies avoid covering for pre-existing conditions. They base the cover only on accidents that can drag pet parents into debts to save their fluff. On the other hand, wellness programs base the cover on the pet’s wellness. Hence, the pre-existing conditions. 

Pet Health Insurance Cost

The pet Insurance cost varies from one company to another. But, generally speaking, there’s a yearly reimbursement cap in most pet insurance companies, usually between $5,000 and $30,000. 

Also, you must know there isn’t any pet insurance company that will cover you completely. Usually, insurance companies cover 70%, 80%, or 90% of the original bill. Also, you must choose an annual deductible to be paid ahead before reimbursement kicks in, as you do with other insurance policies.

Deductibles are usually in the $250, $500, or $1,000 range.

Types of Pet Health Insurance

Each pet insurance offers different types of covers based on the pet. Generally, most pet health insurance companies have dog and cat insurance. Some companies include kitten and puppy wellness programs for pets under six months. There are rarely pet insurance companies that offer insurance for reptiles, birds, or exotic animals.

Keep in mind that dogs need to visit the vet frequently; hence the higher price for their insurance policy compared to cats.

Does Pet Insurance Cover Anxiety Medication

Pet insurance and anxiety meds are debatable topics because it entirely depends on the type of insurance plan you choose to have. However, in most cases, pet health insurance companies don’t cover medication. Wellness programs cover prescriptions for meds.

However, there are combinations of insurance and wellness programs. In this case, the policy will cover most of your dog health insurance costs.

Pet Health Insurance: Is It Worth It?

According to ASPCA, every American adult spends around $2,000 on vet checks on average. American Pet Products Association study shows that 1 in 3 dogs need surgery because they undergo accidents during their life.

Based on these two notions, let’s reiterate the question: “Is pet health insurance worth it considering the high chances of your doggo enduring an accident and the average American spending $2,000 on vet bills?” 

We don’t feel the need to answer.

Besides, you can finally give your doggo a proper treatment without worrying about your financial status and focus on appropriately raising it. 

Additionally, Wellness Programs are also a good option. You will learn more about nutrition and track your pet’s health. If you have an elder pet, get insurance immediately. During that age, pets often get diagnosed with cancers or other illnesses that you can track with wellness programs and prevent them from becoming a life threat. 

The pet insurance will cover you financially so that both you and your pet can hang out worry-free!

Pet Insurance FAQ

Does pet insurance cover medicine?

Pet Insurance only doesn’t cover medicine – accidents only. If the program you have is an insurance and wellness combo, then it might.

Does pet insurance cover medication?

Yes, but it can exclude several medications.

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