Friends of the Cornell Riney Canine Health Center,
As a veterinarian and a proud dog mom to my adventurous and energetic Pomeranian, Mishka, I know firsthand how important it is to ensure our pets have access to veterinary care, no matter the circumstances. But the price of veterinary care is not inexpensive, and costs can really add up – especially for those unexpected emergencies or illnesses. While more pet owners are opting for pet insurance these days, many more are uninsured, often due to perceived costs or a lack of awareness about the advantages and disadvantages. This month, we’re diving into how pet insurance works, its benefits and drawbacks, and how to consider if it’s right for you and your pup.
Pet insurance operates similarly to health insurance for humans. You pay a monthly premium in exchange for reimbursement of covered veterinary costs. Policies vary in coverage, reimbursement rates, and deductibles, so it’s important to read the fine print before making a commitment.
The positives to pet insurance are that it can provide financial peace of mind by helping cover the costs of emergency treatments, surgeries, and chronic illness management. It also offers more treatment options, allowing access to advanced medical care without the financial hesitation that might otherwise limit choices. Additionally, many insurance companies provide customizable plans, enabling pet owners to choose options based on their budget and their pet's specific health needs.
The downsides to consider are that monthly premiums can add up over time, even if your pet remains healthy, and some policies may have exclusions or limitations, such as not covering pre-existing conditions or certain breed-specific issues. Additionally, certain breeds that are more prone to hereditary health issues, may have higher insurance premiums. For example, French Bulldogs and English Bulldogs often have increased rates due to their predisposition to breathing problems, skin conditions, and other medical concerns. The age of your dog also impacts premiums, which are generally higher for older dogs. If you’re considering insurance, starting early while your dog is younger typically leads to lower premiums. Most plans also follow a reimbursement model, meaning you must pay upfront and wait to be reimbursed later, which just might not work for some families.
When picking a plan, assess reimbursement rates and deductibles to find a balance between premium costs and reimbursement amounts. Most pet insurance plans cover accidents and illnesses, which can be invaluable when unexpected emergencies arise. However, routine care, such as vaccinations, dental cleanings, and annual exams, is typically not included in standard plans. Some insurers offer optional wellness coverage, which helps cover preventive care costs. Since wellness visits are generally easier to plan and budget for than sudden accidents or illnesses, some pet owners may choose to pay for preventive care out-of-pocket while relying on insurance for emergencies. Additionally, some veterinary offices offer their own wellness packages, which can provide discounts and predictable costs for routine care, making it worth checking with your vet to see what options are available.
Finally, look for customer reviews and consider the company's reputation for strong customer service and hassle-free claim processing. If you’re confused about a company’s policy, don’t hesitate to call and speak with a representative. Insurance terms can be complex, and it’s essential to understand exactly what you’re committing to before signing up. Many insurers allow policyholders to downgrade their coverage later, but increasing coverage may not always be an option.
While pet insurance isn’t necessary for everyone, it can be a valuable safety net for unexpected expenses. If you’re thinking about getting pet insurance for your dog, take the time to compare plans and find one that fits your needs and budget.
Wishing you and your pup good health and happy adventures! As always, thank you for being a Riney Canine Health Center member. We look forward to catching up with you next month!
Dr. Aly Cohen
Extension veterinarian
Cornell Richard P. Riney Canine Health Center
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