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Monthly prepayment plans for vet care-worth it?

This is a discussion on Monthly prepayment plans for vet care-worth it? within the Dog Health forums, part of the Keeping and Caring for Dogs category; I shopped around and looked at several different pet insurances because they considered my old cat's diabetes pre-existing and wouldn't cover it, which got pretty ...

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Old 01-07-2018, 12:01 PM
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I shopped around and looked at several different pet insurances because they considered my old cat's diabetes pre-existing and wouldn't cover it, which got pretty expensive. They considered his chronic ear infections pre existing too, until it was diagnosed cancer, new diagnosis so they covered it which was the most expensive.
I couldn't find any pet insurances that covered pre existing conditions.
If you haven't already sought vet treatment for the limp I'd enroll and wait the thirty days before doing so. If you have very records for it already then it's pretty existing, but if the vet said it was a sprain and then he gets a new diagnosis of something else your vet could appeal it if necessary or they might just approve it but it has to be a new diagnosis after the thirty days waiting period
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Old 01-07-2018, 07:18 PM
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Most if not all pet medical insurance exclude any pre-existing conditions. Because Samantha had an ear infection when we adopted her, insurance considered that pre-existing. Once she went six months with no sign of an ear infection, they removed the exclusion. She has since had a couple of ear infections, which were covered.
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Old 01-07-2018, 11:32 PM
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As others have noted, I don't think any insurance plan covers pre-existing conditions. I've never seen a prepayment plan that made any sense for me. The way I see it, there are three options:

1. Simply pay whatever expenses come up. This works if money isn't very tight and you can comfortably afford a few thousand bucks, should that come up.

2. Figure out how much you can budget for healthcare each month and put that money away in a special account. This is just self-insurance and what you are betting is that you won't have big expenses that exceed the money you have saved up.

3. Get a health insurance plan. You still generally need to budget for routine and preventative care that the plan doesn't cover. Add the monthly premium to the estimated monthly costs not covered, and compare this number to #2 above. With insurance, you are betting that you will have big expenses that exceed what you would have saved up on your own.

For me, I got insurance for my puppy who will, in all likelihood, have many healthy years where I am paying out more than I am claiming. And, when all is said and done, the odds are that I will have lost money. That's how insurance companies make their money.

But, for me, having the insurance means that I am much less likely to be put in the position of having to consider financial factors when deciding on healthcare, should something unexpected and expensive come up. I know that insurance is, on average, a losing bet, but I'm willing to risk that loss.
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Old 01-08-2018, 07:08 AM
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It's not at all a losing bet once that puppy develops IBD, gets one major injury, or lives to old age and gets cancer, and arthritis and degenerative myelopathy, and kidney issues, and liver issues, and stomach issues as a result of all the meds.
Then like me, you're looking at two or three $500 deductibles and the difference between knowing you've done absolutely everything you could to keep your believed partner happy and healthy, with hydrotherapy and acupuncture and better treatment options than I get, or putting him down because you can't afford to treat him when he maybe is telling you he still has many good days and eating and drinking well and a bright sparkle in his eye.
I'm sorry I don't mean at all to be pushy but my two cats and dog cost in total $120 a month, with all the extra coverages of lost dog and acupuncture and hydrotherapy and rehabs. The knowledge that I can try everything in my power to help them after watching six pets die in two years of awful cancer and degenerative myelopathy, is comforting beyond words even if I can't actually do any more.
The difference is, my options are not limited by money but by what's truly best for each beloved pet.
For $20-$40 a month per pet, that knowledge is crucial to me personally.

I view my pets as family so just my perspective. I could never live with myself for killing a beloved family member to save money, but that's me. Others obviously feel differently.
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Old 01-08-2018, 11:10 AM
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I looked at pet insurance for my guys, but found several of the ones I was looking into would not cover any injury sustained by my guys during "work" (Herding, agility, or other dogs sports).

Since we are heavily into dog sports, it didn't make sense for us. Instead we put what we would normally pay monthly for insurance into a bank account designated for vet treatment.

So, I'm in the camp where if you're going to get insurance ask ALL the questions you possibly can.
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Old 01-08-2018, 06:37 PM
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I'm not trying to be sneaky but I don't think I would ever even think to tell them that. My horse was injured several times competing at horse shows and her insurance at the time covered her treatment. Most big competition horses have insurance as they are more valuable and it wouldn't make sense to have it if they weren't covered during competition. Maybe it's different for dogs vs horses?

Dogs naturally like to run and jump and my last dog liked to jump horse jumps both at horse competitions and on trails. I don't think I would have thought to say how he got hurt, just that he did.
The medical conditions my various pets have had like cancer, diabetes, arthritis and degenerative myelopathy at end of life cost way more than his injuries though.
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Old 01-08-2018, 07:30 PM
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My experience with insurance, is they do not necessarily take into account only what you tell them. They will want Vet records, and can at their discretion require an exam by one of their Vets. I don't think that happens that often, but it is something they can require.
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Old 01-08-2018, 09:37 PM
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Lucky for me, we have NO vet records to date, other than the invoice from the pound from the work done there. So when we see our own vet, as long as his leg is in good shape(weather is nice) he shouldn't have an issue. His teeth look good so far as I can tell- very little discolouration and none of that buldup that my cat has. We're aiming for about March if all goes well for his first Vet checkup. The vet's out at the city limits, and I dont trust the roads ATM but by then we'll be able to get there easily, and weeather will be clearer. He was cleared in October, having just come out of surgery(neuter) and had all of his vaccinations.

I might go ahead and enroll him as we stand, if they let me, until then I'll put money away for incidentals.
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Old 01-08-2018, 11:27 PM
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Quote:
Originally Posted by Shadowmom View Post
It's not at all a losing bet once that puppy develops IBD, gets one major injury, or lives to old age and gets cancer, and arthritis and degenerative myelopathy, and kidney issues, and liver issues, and stomach issues as a result of all the meds..
No, of course not. It's just that, on average, people pay out more in premiums than they get back in benefits. That's how insurance companies make their money. They are betting that nothing major happens, and you are betting that it does. They stay in business because they win that bet more often than they lose it.

If something major comes up, it is really nice to have made that bet. And, if it never does, in my view, it's not so much money that I regret having effectively donated it to the insurance company.
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Old 01-09-2018, 12:04 AM
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I opt for a loan application if need arises. For my GSD i lost to cancer. Spent $ on a quick bucket list n pain relief to do it. PTS when pain killers not effective enoug for quality of life. If ur the sort that sees a dr more than once every 5 yrs. And take antibiotics like sweets, chances are you hyperchondriac tendencies will include ur dog. If thats the case-get insurance cover.
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