Some family members walk on four legs! And it is important to care for those family members as well. But as pet parents know, the costs of veterinary services can be unexpected and difficult to manage. The price of veterinary care soared more than 60 percent over the past decade, outpacing inflation. Private equity firms have snapped up hundreds of independent clinics in a trend reminiscent of corporate roll-ups of doctors’ offices.
Pet Insurance may be a good solution for you and your family, so a year ago CMA added the option of enrolling in a group rate Pet Insurance plan. The option will be available to add at Open Enrollment again this year.
Some benefits of Pet coverage:
Financial Protection
- Unexpected Expenses: Veterinary care can be expensive, especially in emergencies. Pet insurance helps cover the costs of unexpected illnesses or injuries.
- Budgeting: It allows pet owners to manage the cost of care more predictably by paying a monthly premium instead of facing large, unexpected bills.
Comprehensive Care
- Preventive Care: An optional add-on plan covers routine care such as vaccinations, annual check-ups, and dental cleanings, helping to keep pets healthy and preventing more serious issues.
- Access to Advanced Treatments: Insurance can make advanced and often expensive treatments (like surgeries, cancer treatments, or specialized tests) more affordable.
Peace of Mind
- Decision Making: It can alleviate the stress and emotional burden of deciding on treatment options based on cost, allowing pet owners to choose the best care for their pets without financial constraints.
- Coverage for Chronic Conditions: Many plans cover ongoing treatments for chronic conditions, which can be costly over time.
If this sounds like it may be helpful to you and your family, make sure to get a quote for your pet(s) during Open Enrollment later this month!
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