German Shepherds Forum banner

1 - 20 of 23 Posts

·
Registered
Joined
·
126 Posts
Discussion Starter #1
Anyone else get the letter from PetPlan about their new underwriter and the premiums getting jack ed up? ****, I need a new insurance provider now for my 6 year old GSD. Ideas? This really caught me by surprise. Premium rockets in MAR.
Thanks,
Greg:surprise:
 

·
Registered
Joined
·
31,097 Posts
How much did it go up? If your dog has been ill ever in his life, all conditions will be pre-existing so be careful switching. Healthy Paws went up too. It was less than $10/mth for both dogs.
 

·
Registered
Joined
·
1,920 Posts
Happened to us two years ago and this year isn't any better.

I'm keeping track this year to see if it even makes sense to keep it anymore.

My deductibles went from $200 per condition to $750!


Reimbursement after deductibles went from 100% when I first signed up to 70% this year :(
 

·
Registered
Joined
·
5,619 Posts
That's typical of PP. They were raising rates 25% a year for us while giving us progressively worse coverage with "underwriter changes," so we got rid of them and switched to Healthy Paws. Rates go up a little each year with HP, and a little more with senior dogs, but nothing like PP. The pre-existing condition issue can definitely be a trap though!


With HP, my senior dog is up to $90/mo. But he's like 12! I really can't blame them for charging more for a dog that old. The non-senior adult is $55.
 

·
Registered
Joined
·
1,822 Posts
Insurance companies aren't in it to lose money. It's purely financial. If most pet owners got more money from the insurer than they pay, they wouldn't be in business. Just something to keep in mind- it's a tough decision and if I had only one or two dogs, I'd probably insure them. But with more than that, it stops making much financial sense, I've run the numbers.

I think some companies do lock in rates, though, I'd do a search and find one that does, and see if it ends up being less expensive.
 

·
Registered
Joined
·
126 Posts
Discussion Starter #8
They want about $225 per quarter now. 1 dog, no pre-existing conditions. I’ve never made a claim; just paid premiums for 6 years. I’ll have to shop around. Maybe I should have just put the cash in a bank account.
 

·
Registered
Joined
·
922 Posts
I just cancelled PP and went with Nationwide. 250.00 deductible pays all after that. 1 ur wait for HD and other congenital stuff. Ozzy will be 1 next month and never had to use PP since we got it in 6-18.
Have wellness coverage as well for visits heartworm meds etc. I pay 48.00 a month
 

·
Registered
Joined
·
5,619 Posts
One warning I will give you is this: you'll lose access to hip coverage due to your dog's age if you switch (HP only covers hips if enrolled before age 6), and if you now decide to just give up coverage altogether out of frustration, you may regret it as you're entering the most expensive years of the dog's life (middle-age through senior).

I dropped coverage on an old dog years ago when premiums went up dramatically when he turned 10. He had always been VERY healthy without any serious issues. It was a different insurance company, but we paid years of premiums with no claims. They were obviously trying to get rid of us with the massive premium hike, and it worked. The next year he was diagnosed with cancer, and we had multi-thousand dollar bills. So...the insurance companies do know what they're doing in that regard -- they knew the "frustration point" at which consumers were likely to drop coverage, and they exercised it just as the probability of big problems in this breed hit a very high point. They have the data to be able to know exactly when risk is the highest and the point at which most consumers will drop policies. I felt foolish for dropping coverage and won't do it again.
 

·
Registered
Joined
·
5,619 Posts
Nationwide is not comparable in coverage though. It was recently discussed in the pet insurance sticky here -- my recollection is that they were one that uses a "usual and customary fee" schedule for reimbursements -- that is absolutely no-go for me!



That kind of fine print in a policy means you'll probably never actually get back anywhere close to what real vets charge if you get a big bill. They can make up some amount that they'll reimburse that may have nothing to do with what vets in your area actually charge. It might be half or less -- I did a comparison of one of those reimbursement charts against discounted rescue rates for real bills, and it was horrifying. In some cases, the reimbursement rate was 25% of the real cost of a surgery -- and I'm in a low-cost area for vetting!



For me, I will only pay for a policy that reimburses ACTUAL costs, with no per-incident or per-illness limit on the amount that they'll pay -- HP and PP both do that. When my dog needed eye surgery, we went to the best regional specialty center we could find ($$$$) because we wanted the best chance at a good outcome, 24-hour care with a vet onsite at all hours during recovery, and well-regarded specialist with access to all the technology necessary to support a very delicate surgery inside the eye globe. That means the bill was very, very high because we chose a "Cadillac" facility over a "Chevy." But it's what I wanted for my dog!



HP reimbursed "Cadillac" rates -- and the follow up cancer immunotherapy that's brand-new in dogs. They paid 90% of about over $8 grand for ONE illness -- and we're still not done. That was after paying $2 grand for tooth surgery in the same policy year! We'd have been up a stink-creek without a paddle with insurance that had per-illness caps OR that had a "reasonable and customary" reimbursement schedule.



The bottom line is that wellness is relatively cheap, compared to illness and injury. Most of us can handle a couple hundred bucks a year for that. It's the big stuff -- ACL tears, ortho surgery, eye surgery, cancer, etc. that cost several thousand dollars that you're insuring against. My strong advice is not to pick coverage based on wellness coverage but instead look for coverage that pays actual charges, with a lack of exclusions for genetic/hereditary conditions (which are common in this breed), and lack of caps on the big stuff. Reviews of people's happiness with any insurance company honestly should be taken with a grain of salt until they've submitted several grand worth of major claims and had them paid out -- that's where the rubber meets the road with pet insurance coverage. When these companies quickly and easily pay out multi-thousand dollar claims, that's when you learn that you've really got good coverage.
 

·
Registered
Joined
·
1,920 Posts
They want about $225 per quarter now. 1 dog, no pre-existing conditions. I’ve never made a claim; just paid premiums for 6 years. I’ll have to shop around. Maybe I should have just put the cash in a bank account.

I have to say that PP was really good for many years until they changed underwriters. I signed Nikki up in Jan 2010, paid around $35 per month and she had some major stuff in the first year. PP paid out around $9,000 that year, no questions asked. She has chronic issues and they always paid without issue after that also.
 

·
Registered
Joined
·
7,384 Posts
Check out trupanion! Extremely Happy with trupanion and got reimbursed within a week every time! I have had to be Reimbursed over $5,000 already stick puncture, corn swallowing, hole in toe. It’s cheapest when you sign on when pups are young. It’s good for emergencies and really when your pets ages is when it’s mostly needed. Trupanion does not raise rates when your pet ages-which is golden! Trupanion offers to pay your vet directly if your vet is okay with that -some are not but for me that was a great option to have.

Our payments were a lot cheaper when we originally signed on a few years ago but somehow a few payments were missed this past late summer and I had to sign back on with current prices which were more expensive then I was paying prior to cancellation. I was though able to adjust the deductible to make sure we were paying the same a month as previous but with a higher deductible.

Trupanion does not raise your rates either when your pet ages only when you let your insurance lapse. Not raising your pets rates when they are older is gold because that is when you mostly need pet insurance it’s why we got it for when they age and emergencies!!!!!



https://trupanion.com/ec/ppc/best-care-b?ds_rl=1002372&ds_rl=1250357&gclid=EAIaIQobChMI6cO24cLs3wIVjIzICh32DQwEEAAYASAAEgLEkPD_BwE&gclsrc=aw.ds
 

·
Registered
Joined
·
2,581 Posts
Check out trupanion! Extremely Happy with trupanion and got reimbursed within a week every time! I have had to be Reimbursed over $5,000 already stick puncture, corn swallowing, hole in toe. It’s cheapest when you sign on when pups are young. It’s good for emergencies and really when your pets ages is when it’s mostly needed. Trupanion does not raise rates when your pet ages-which is golden! Trupanion offers to pay your vet directly if your vet is okay with that -some are not but for me that was a great option to have.

Our payments were a lot cheaper when we originally signed on a few years ago but somehow a few payments were missed this past late summer and I had to sign back on with current prices which were more expensive then I was paying prior to cancellation. I was though able to adjust the deductible to make sure we were paying the same a month as previous but with a higher deductible.

Trupanion does not raise your rates either when your pet ages only when you let your insurance lapse. Not raising your pets rates when they are older is gold because that is when you mostly need pet insurance it’s why we got it for when they age and emergencies!!!!!



https://trupanion.com/ec/ppc/best-care-b?ds_rl=1002372&ds_rl=1250357&gclid=EAIaIQobChMI6cO24cLs3wIVjIzICh32DQwEEAAYASAAEgLEkPD_BwE&gclsrc=aw.ds
Trupanion absolutely raises rates. I am now paying $127/month for my boy, who is only 4 years old. When I signed him up as an 8 week old puppy, our rates were only $68/month. I’m stuck with them for him as he actually has quite a few medical issues which are obviously pre-existing, but I don’t recommend them anymore. They used to be very good about payouts, but now we are constantly getting denied for things that are more expensive. We have had to go through several lengthy appeals, some of which still have not been resolved. The real kicker is these appeals are ALL for things they have previously covered for this dog. It’s really fun when you think holistic medication or supplements (that your vet recommends) are covered (because they have been covered for years) and you re-order them only to have the claim denied when you submit for reimbursement. They’ve started doing this with acupuncture, as well, even though we’ve had the additional rider since we originally signed him up at 8 weeks. There is absolutely a point with this company where it seems like they realize they do not want you as a customer. I’m grateful we have it, only because my boy has IBD, pannus and hip dysplasia, which can be expensive and I don’t want to have to make health care decisions based on money. But I put my other dogs on Healthy Paws and will never use Trupanion again. On paper, their coverage looks like it can’t be beat. And maybe if you have a healthy dog, it’s the best option. But when you have a dog that is sick, the last thing you want to worry about is if their insurance is actually going to reimburse you, especially when your monthly premium is so high. I used to highly recommend them, but something happened when their underwriter was changed, and they definitely are not as good as they used to be.
 

·
Registered
Joined
·
7,384 Posts
True all insurances raise premiums. I like that trupanion is flexible you can determine what you want to pay monthly based on more choices of deductable choices via phone which helps me. It allows me to set my monthly payment to my budget. Chronicle illnesses I understand can be very expensive. I hope all works out with you dog it is alwful arguing with insurance companies on top of everything else.
 

·
Registered
Joined
·
102 Posts
They were already crazy expensive out here in Southern California. Have opted to not go with no insurance. I think over 10 years it would cost over $7,000. And all this selective coverage and non-coverage under certain circumstances and hardly any preventative stuff covered. Just didn't feel like it financially made sense especially when you consider you have to throw down a deductible and cover a percentage of costs.


Someone mentioned a $750 deductible? Jesus. When you tack that onto what you'll pay in a year, you probably could cover a lot of common issues by just having a fund set aside and throwing that money into a 2 % "High interest" savings account to accrue interest.


Anybody else ever run the numbers and feel the same?
 

·
Registered
Joined
·
1,920 Posts
Someone mentioned a $750 deductible? Jesus. When you tack that onto what you'll pay in a year, you probably could cover a lot of common issues by just having a fund set aside and throwing that money into a 2 % "High interest" savings account to accrue interest.


Anybody else ever run the numbers and feel the same?

That was me and it didn't start out with a $750 deductible, it was $200 when I signed up NINE years ago. For the health issues we have, insurance more than paid for itself. Pet insurance is just like any other insurance - I'd rather have it and not need it. PP for many years was very reasonable, it just changed recently. .


Your savings account theory works only if you have ton of money to put in or can save for many years before you need it. In our case the first year was very expensive and Nikki has chronic issues.
 

·
Registered
Joined
·
31,097 Posts
Anybody else ever run the numbers and feel the same?
No.

40/mth * 12 = 480 *12 years = 5760

One torn acl cost me $5k from the first tear to final surgery. That was out of pocket on a dog with no insurance. 2k at the end of her life. Having insurance would hve allowed more diagnostic to diagnose her sooner.

I was reimbursed almost 2k last year from my boy for various things.

If I lose that 6k over the course of my girl's life then it's money well lost. Because I don't have to make a decision on whether her life is worth more than the cost of a vet bill. and believe me...I HOPE I lose every penny of it.
 
1 - 20 of 23 Posts
Top