I also have PetPlan and wouldn't be without insurance again.
I am one of them
. Vet bills were outrageous over the years with our Heidi and towards the end I was spending $500 a month just on medications and supplements.
same here. Pet Plan has been great. Pet insurance is really cheap (relative to human health insurance) and yet veterinary costs are not cheap relative to health care costs for humans.
putting away $50/month is going to leave a person way short if anything major comes up. it would take 5 years to put away $3000. there are a multitude of injuries/illnesses/surgeries that can easily cost that much and beyond, so not only would everything you put away be gone, you'd still have to dip into savings and/or credit. to add insult to injury, now there is no pool of money left from this effort to "self insure". and you have to start all over putting money away.
for $25/month, i am guaranteed that no matter what comes up i will be able to handle it. in just over a year of having insurance through PetPlan, i have collected more money from them that what i will pay in premiums for 5 years. i will never have a dog who is not insured.
if a person can put away $50/month, why not put half of that toward pet insurance, thus guaranteeing yourself the ability to cover any injury/illness that arises. the other half of that $50 would be freed up for whatever savings instument one chooses.
i wanted to add what a premium of ~$23/month gets me via PetPlan on an almost 3 year old female gsd (and by the way, the renewal premium did not go up by a single penny):
-$8,000/year of coverage, which renews every year at that amount.
-90% coverage, after $200 deductible is met (per injury/illness)
-any injury/illness/related surgeries/medications are covered as long as they are not pre-exisitng conditions. there are no dollar limits per injury and no lifetime limits.