More companies offering health insurance for pets as part of benefits package

Category: Healthcare

Dachshund In the Hands of a Vet

If you have a pet, you’d likely agree that he or she is more than just that, but is considered to be a member of the family. We always want to protect our family, and some of the best peace of mind we can have is the assurance that our loved ones are healthy, and that in case of a medical emergency, they will be protected. Some people are surprised to learn that they can purchase health insurance plans for their pets—but most are even more surprised to find out that more companies throughout the United States are offering pet insurance as part of their employee benefits packages.

The amount of businesses providing pet insurance as an employee benefit is increasing in popularity as pet owners spend an estimated $215 yearly on dogs and cats, but much more in the case of a medical emergency. Additionally, the U.S. Bureau of Labor Statistics has reported that veterinary inflation has averaged 6.8 percent yearly for the past five years. In just 2011, the accumulative cost of pet care nationwide was approximately $14.1 billion.

But pet owners are saving on this cost with pet insurance plans. Currently, more than one million dogs, cats, and other pets are covered by medical benefits. Some of the many companies that are currently offering health benefits for pets include Chipotle Mexican Grill Inc., Boeing Co., Delta Air Lines Inc., Morgan Stanley, Kohl’s Corp., and Home Depot Inc., just to name a few—with more and more companies getting on board.

If you or a loved one needs costly treatment for a condition or illness, and you don’t have the money or insurance coverage to take care of the expenses, Peachtree Financial Solutions may be able to help. If you are receiving long-term structured settlement annuity payments, you can receive  a lump sum payout. Instead of receiving your payments monthly or annually, you can sell them and receive one lump sum payment now. By receiving your cash now, as opposed to having to wait for it, you can take care of your medical expenses, whether for yourself or a loved one. Contact Peachtree Financial Solutions today to learn more and for your completely free, no-strings-attached quote!

Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.

Tags: employee benefits, health insurance, medical costs, pets

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