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Pet Insurance in Maryland

Maryland MapPet insurance is becoming more popular in Maryland as more than half of all households in the state own at least one cat or dog. Rising costs of veterinary care are also contributing to the increase in pet owners choosing to get pet insurance coverage. While it is certainly a wonderful thing for pets to be able to receive treatment for conditions that previously may have shortened their lives, those advances in modern veterinary medicine have come with equally expanding price tags. For instance, the most commonly treated condition in cats (tooth extraction) cost nearly $925 in the more than 1,600 claims filed with one pet insurance company in an average year; cancer of the liver is the ninth most treated condition for dogs and has an average veterinary bill of more than $8,500.

Sadly, some pet owners in Maryland have found themselves having to choose between going into debt to care for a beloved animal companion and having that furry friend put to sleep, because they do not have the financial resources available to pay for the surgery or treatment. Pet insurance can help defray a significant portion of needed veterinary procedures.

Policies do vary widely, so Maryland customers should compare multiple plans across several companies to find one that will best meet their needs. Just as in health care policies used by people, pet insurance policies usually have annual deductibles, monthly premiums that depend on the level of coverage, and copayments; some plans may limit policyholders to specific veterinarians and hospitals as well. On the other hand, pet insurance policies can refuse coverage for any pre-existing conditions and determine annual and lifetime payout limits for covered pets. Maryland customers will want to examine any potential policies closely to make sure that their particular pets will be covered by the plan they select.

 

3 Pet Insurance Companies to Watch in Billion Dollar Market, according to Packaged Facts

ROCKVILLE, Md., Nov. 13, 2018 /PRNewswire/ -- Given the size of the U.S. pet population, market penetration for pet insurance in the U.S. remains comparatively low. This is particularly true when comp...

Published:  Tue, 13 Nov 2018 08:41:00 GMT



Trupanion: NAIC To Address Pet Insurance This Weekend

The Agenda (LINK) includes a presentation titled, "Hear the Status of Pet Insurance White Paper ... Florida, Louisiana, Maryland, New Hampshire, New Mexico, North Dakota, Oklahoma, Puerto ...

Published:  Tue, 13 Nov 2018 12:07:00 GMT



Aging Cats and Dogs Drive Market for Functional Pet Foods

ROCKVILLE, Md., Nov. 19, 2018 /PRNewswire/ -- At times ... and supplements supported by newer payment options such as pet insurance. Moreover, as pets age, the human/animal bond deepens, creating ...

Published:  Mon, 19 Nov 2018 13:29:00 GMT



Researchers examine patient disparities, utilization of Fluciclovine-PET imaging

Galgano, MD, with UAB's Department of Radiology ... And while a majority of patients who undergo [18F]fluciclovine-PET exams at UAB are covered by Medicare, some with private insurance have been force...

Published:  Fri, 16 Nov 2018 13:06:00 GMT



U.S. Pet Insurance Market to Double by 2022 Lead by These 5 Key Trends, reports Packaged Facts

ROCKVILLE, Md., Oct. 3, 2018 /PRNewswire/ -- Market research firm Packaged Facts forecasts that the U.S. pet health insurance industry, estimated at slightly over $1 billion in 2017, will nearly doubl...

Published:  Wed, 03 Oct 2018 09:31:00 GMT



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