Battling the personal healthcare complexities for you and your family is a difficult gamble. Well, our family also tends to include our dogs…and so the decision on whether or not to purchase pet insurance is dependent on economic AND emotional factors.
Herb Weisbaum, a columnist for Consumer Man on MSNBC.com and one of our nation’s top consumer experts, offers us all the different perspectives for pet insurance policies. He tells us all the things that we should consider in this big economic and emotional decision. Thanks Herb Weisbaum for the great article! (Check out Herb’s personal website at ConsumerMan.com)
PET INSURANCE: A GOOD DEAL? OR A RIP OFF?
As pets’ life expectancy lengthens, health costs continue to soar
When it comes to our pets, my wife and I will spend whatever it takes to give them the best medical care possible. Like so many other people today, we consider them to be members of the family….Veterinary specialists can do some amazing things these days — from open heart surgery to cancer treatment — if you can afford the price tag.
Is insurance the answer? When people ask me that question my answer is always the same: It depends. Buying pet insurance is both an economic and an emotional decision that needs to be based on your personal financial situation and what you’re willing to pay for peace of mind.
“If you get the right policy, it can be an asset to the health care of that pet and have a significant impact on the bill that results from a visit in an emergency situation” says veterinarian Jean Maixner, co-owner of Animal Critical Care & Emergency Services in Seattle.
“Some people can’t afford the treatment so they ask us to euthanize their pet. It’s absolutely horrible,” Dr. Maixner says. “If people had acquired pet insurance before the emergency occurred, they might have been able to move forward with some reasonable treatment to help their pet.”
Consumer groups have a different take on pet insurance. Robert Krughoff, president of Checkbook.org, says “it doesn’t make sense” in most cases.
Thanks Tony Alter for the featured photo!