You consider your cat or dog a member of your family. But unfortunately, your family’s health plan is not cover our dog Insurance Plan. The sad truth is that the cost of veterinary care for your four-legged family member can amount to hundreds, if not thousands of dollars during your dog’s lifetime. Most people wouldn’t dream of going without insurance for themselves and their families, but what happens when a beloved dog suddenly gets ill or has some kind of accident?
What Is dog Insurance?
You’re paying for something you may never use, like all insurance, But in the event you need it, should be sure the coverage is you there. Health insurance for both people and dogs is a business and it stays alive by making a profit. In definition, dog insurance insures against emergency costs while charging monthly premiums whether or not claims are made. Of course, that is what dog insurance is all about. Either you take the risk or you pay the insurance company to take the risk on your behalf.
How Dog Insurance is Best for My Dog?
I explain the question of how dog insurance is best for my dog? If you’re the kind of dog owner who would stop at nothing to save or improve the life of your dog, the dollars can add up quickly. A hit by-car accident could easily cost upward of $8,000 in vet bills, especially if your dog is in intensive care in a twenty-four-hour hospital, which costs around $800 to $1500 per day. You pay for insurance in case your dog needs medical attention that you can’t afford.
Rising Vet Medical Expenses
Vet bills have been growing at twice the rate of inflation-or your paycheck-so your dog’s health-care costs are now a bigger percentage of your take-home pay. Veterinary services have been increasing by about six percent annually since 2010, which is three to four percent higher than the average city inflation. According to the American dog Products Manufacturing Association, Americans spent $48.4 billion on their dogs-including $15.4 billion on vet care and $14.3 billion on supplies and medicine in 2020-2021.
Facts about Rising Medical Expenses Of Dogs
The average household spent $380 on vet bills for dogs in 2009-a ninety-five percent increase from 2006-and $2200 is the figure for dogs and $600 for cats in 2020.
The greatest annual expense for dog owners is surgical veterinary visits, second is food, and third is routine vet services, The combined vet services (surgical and routine) add up to an average of $2,000 per year for dogs and $600 for cats; the average spent on food is $550 per year for dogs and $350 for cats.
Expensive and Advance technologies are used for Vet Treatment.
Just like in human medicine, the dog industry is moving in the direction of preventative care. Furthermore, the costs are growing because vets can do more for your dogs than ever before. One reason for this is the incredible advances in veterinary medicine. Medical services once
thought impossible for dogs are now routine. Ten years ago you couldn’t get the kinds of medical technology available to dogs today.
- Cancer Treatment,
- Pacemakers,
- Organ transplants,
- CAT scans,
- MRIs,
- 3d Ultrasounds,
- Cataract surgery, and
- Hip replacements
Above technologies are now offered in most specialty clinics. Even ducks are getting cataract surgery, and cats are getting kidney transplants and dialysis. The cost of veterinary drugs is also increasing as more human drugs are now being used to treat animals for a wide variety of illnesses. This is good news for cats and dogs, but many of these new medications and treatments are expensive. Companion animal drug sales increased nearly twenty-three percent from $4.60 billion in 2002 to $7.74 billion in 2020, according to the Animal Health Institute, which mirrors what we see with human drug costs.
This can all lead to a dog owner’s worst nightmare: Your beloved dog is injured, ill, or suffering from pain and you’re faced with the agonizing decision of paying unexpected, expensive vet bills you can’t afford or subjecting your dog to the unthinkable “financial euthanasia” if you’re unable to pay for treatment.
Costs of Medical Dog Treatments
Could you handle the costs of these medical treatments for your dog? If you do have not a dog insurance policy.
- Kidney dialysis =$3,000 to $4,500 for four weeks
- Kidney transplant = $12,000 to $20,000 for the procedure and $4,000/year for follow-up (Note: There is a waiting list for transplants)
- Open heart surgery = $6,000 to $12,000
- Total hip replacement = $3,500 to $7,000 per hip
- Ruptured disc = $5,000
- Cancer treatment = $3.500 to $5,000
- Hit-by-car accident = $3,100 to $5,000
- Pacemaker = $3,000
- Cataract surgery = $3,500
- Fractured bone = $3,300 to $4,500
- Knee surgery = $2,000 to $3.500
- Snakebite = $1,500 to $2,000
- Ingestion of a foreign body = $1,200 to $2,500
- Infection = $1,000 to $2,500
Dog insurance pays a portion of your vet bills in exchange for a monthly premium. Typically you pay the vet bill upfront and the insurance company reimburses you an amount that is stated in your policy.
Although there are differences, dog insurance is similar to human health insurance with deductibles, maximums, and co-pays. The portion that’s paid to you is contingent on your policy and the stated conditions that are covered.
Dog insurance usually doesn’t cover all treatments that your cat or dog might need. It’s not inexpensive or without its share of problems. I’ve heard some clients complain that it has taken six to seven weeks to be reimbursed for a claim. When the policy promises to pay in thirty days.
The least expensive policies run about $20 a month, with premium plans up to $50 a month or more. The cost of insurance increases as the coverage improves. That means you could easily spend up to $8,000 on premiums over your dog’s lifetime.
Conclusion
The responsible dog owner doesn’t have trouble affording regular vet visits and routine health care-its the unexpected, catastrophic vet bills from accidents or illnesses that are taking a toll. In addition, the average life expectancy for dogs has greatly increased in the past twenty years, and the longer our dogs live, the higher the chance that they will develop serious conditions typically associated with old age, such as diabetes, cancer, arthritis, kidney disease, and heart disease. Once-fatal conditions are now treatable at costs ranging from $1,000 to $5,000 and up.
And dogs’ life spans will continue to increase substantially, perhaps by as much as twenty-five to thirty percent, partly due to the astounding advances in veterinary medicine. Dogs and cats are at risk of developing all sorts of costly medical problems. It can be something as simple as a bladder infection or as severe as a life-threatening illness. Sometimes just diagnosing a problem can cost upward of $2,000. Compared to what these procedures cost in human medicine, of course, vet medicine really is a bargain.
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FAQ
What is pet insurance for?
Unfortunately, even though you consider your dog or cat to be a member of your family, But there is not any health or Insurance plan to protect them. The unfortunate reality is that over the course of your dog’s life, the expense of veterinary treatment for your four-legged family member could reach hundreds or even thousands of dollars.
What is the disadvantage of pet insurance?
that your dog or cat might require are typically not covered, pet insurance in most procedures and treatments. It’s not cheap and has a fair share of issues. When the pet insurance guarantees to pay in thirty days, I’ve heard several customers complain that it has taken six to seven weeks to receive reimbursement for a claim.
What type of benefit is pet insurance?
The majority of your dog’s medical expenses resulting from accidents and illnesses are covered by dog insurance, and some policies also cover basic care, veterinary visits, medicines, diagnostic testing, X-rays, and lab fees. In an insurance plan, you may cover surgery, cancer treatment, hospitalization, and heartworm prevention.
