When it comes to health insurance, almost everyone has heard about catastrophic health insurance, for people that is. This type of insurance protects against the unexpected and can be used for anyone in your household. But what about the four legged members of your family? Don’t they deserve the same great catastrophic health coverage you currently enjoy?
The answer is yes, they do. This is why so many pet insurance companies are now offering catastrophic health insurance designed specifically to care for your lovable pets.
Why Purchase Catastrophic Health Insurance for Pets?
While it may be easy to pay for that heart worm medication and the occasional vet bill, if a tragedy occurs, it can really take a big bite out of your checkbook. You may end up going into debt for thousands of dollars for major medical problems. And, worst case scenario, if you can’t afford to save your pet, you may have to resort to having your beloved friend euthanized. No pet owner wants it to come down to that heart wrenching decision.
Pet health insurance can provide you with a safety net. While you will still pay out of pocket for routine visits to your vet, you won’t have to pay nearly as much for emergencies, should they arise.
Catastrophic health insurance for pets offers you a low monthly or yearly premium in exchange for a higher deductible. If an accident occurs or your pet falls seriously ill, you may have to pay a certain percentage of the vet bill. The insurance will cover the rest of the bill, though. Once you have reached your annual deductible, the catastrophic health insurance will fully cover any injuries or emergency illnesses your pet may suffer from during that yearly coverage period.
Another perk you may not be aware of: Older pets are sometimes ineligible for regular health insurance plans, but may qualify for catastrophic health insurance. This will help ensure him a better quality of life.
What Does this Pet Catastrophic Health Insurance Cover?
In general, catastrophic health insurance plans for pets cover major illnesses and unexpected injuries. Some of these may be:
- An automobile accident
- Swallowing a foreign object
- Eating or drinking harmful substances
- Cuts and Lacerations
- Torn Muscles and Ligaments
- Accidents involving falls or animals being trapped
- Hospital stays
This type of insurance can give you peace of mind, knowing your pet is covered no matter what happens.
Saving up can Save you
With all of the illnesses and injuries covered by catastrophic insurance, it is sometimes easy to forget about the deductible you must pay if anything happens to your pet. In order to avoid going into debt or scrambling to come up with the deductible, make sure you are prepared. Put away a little extra each month so you will have the cash when you need it. You never know when a pet emergency will occur.
Purchasing catastrophic health insurance for your pet will ensure a longer and happier quality of life for your four legged family members.