by Dr. Shelley Breadner, Breadner Veterinary Services –
We are all faced with worrisome situations involving our pets at one time or another. They become core members of our family and help us through many of life’s ups and downs. The last thing we want to contend with is making a decision for their health and welfare based solely on the cost of the treatments.
There are many options today to assist us in managing our finances in difficult times. The pet industry has several methods of assistance in this area. It is important to plan for such events prior to having to make a decision in a hurry.
Saving for a Rainy Day: This is a great idea for starters, especially when online banking allows for multiple accounts. Automatic fund transfers on a regular basis can be set up to create a savings’ account for pet health issues. Saving does take time and commitment, as “borrowing” from the fund all the time will leave it lacking. Sometimes the expense of hospitalization, treatments or surgery may be greater than the amount you have saved. Prolonged care or chronic disease may also make it difficult for some families to manage.
Pet Medic Health Cards: Pre-approved medic cards are available to allow for a line of credit for medical care for your pet. These can be used as a credit card to the limit determined, and can be paid back over time. Be sure to check interest rates and payment details.
Pet Insurance: Several companies provide pet health insurance for your pet. There are various levels of coverage and the fine details need to be reviewed to ensure you get the right one for you. It is prudent to do your research to find the package most suited to your needs.
It is important to be aware of what your pet insurance company covers. The most common areas of conflict for clients include:
• Increasing premiums without previous insurance claims
• Reduced insurance coverage imposed due to multiple claims
• Lack of coverage for behaviour problems or complementary medicine
Pet Insurance has given peace of mind and financial coverage to many clients for their pet’s health care. In a time where health care costs are rising, we see similar changes in the pet health care world also. Diagnostic tests, surgery, dentistry, specialist consultations, hospital care, accompanying therapies and even cremation and pet memorial packages are available to provide care for our pets through all stages of their life.
Consider planning for your pet’s future via one of these options. Consult with your veterinarian and support team for further information. The life you save may be that of your closest loved one.
