Pet Health Insurance

Goals

To understand the pet health insurance landscape by identifying US-based health insurance companies that offer veterinary cost coverage as an added health plan benefit or if pet healthcare coverage is being incorporated in the insurance plan.

Early Findings

PetFirst Pet Insurance and MetLife

GEICO

  • GEICO Insurance Agency partnered with Embrace Pet Insurance to provide comprehensive cat and dog insurance. This insurance offers coverage for accidents, non-preexisting illnesses, cancer, dental issues, and more. One can go to any licensed veterinarian and this insurance company will reimburse up to 90% of the vet bill.

Progressive Pet Insurance by Pets Best

Summary of Findings

  • We have provided different pet insurance companies that offer veterinary cost coverage. All of these companies offer a reimbursement method. We have not seen any pet insurance company that offers otherwise. This tells us that pet insurance is really offered like property insurance rather than health insurance.
  • Investopedia also confirms that pet insurance really does function more like property insurance rather than health insurance. This is believed to be beneficial for the policyholder.


Proposed next steps:

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