Pet Insurance Plans
What is pet insurance?
With the rising costs of better vet care, pet owners are often left with costly bills for unexpected medical expenses. If unable to afford an expensive treatment or procedure, pet owners may find themselves making medical decisions based on finances rather than their pet’s wellbeing.
Pet insurance helps cover out-of-pocket expenses for an unexpected vet bill so you can focus on your pet’s ongoing health.
Coverage for the things that make you go, “uh oh”.
Want a more detailed view? Take a look at a sample policy.
How It Works
All our plans cover unexpected accidents and illnesses – from emergency care and hospitalization to diagnostic tests and medications.
Take your dog or cat to any vet in the U.S.
Submit your vet bill via the 24/7 online portal.
Get reimbursed within 5 business days.
Pet Insurance Terms
All of this insurance jargon can get pretty confusing. We’re here to help explain the terms so you know exactly what you’re purchasing.
What is coinsurance?
Coinsurance is the amount you pay for your pet’s covered services after you’ve paid your annual deductible. The remaining balance is covered by the insurance company. This is often confused with a copay which is a flat fee you pay on the spot when you visit the doctor.
In this example, let’s say you’ve chosen a plan with a 90% insurance reimbursement. Your coinsurance would be 10%.
($1,500 Vet Bill x 10% Coinsurance) + $250 Annual Deductible = You Pay $400
With Odie, you can choose a 10%, 20% or 30% coinsurance plan. Your coinsurance percentage remains the same whether you visit your regular vet, a specialist or an emergency hospital.
What is a deductible?
A deductible is the amount you pay for your pet’s covered health care before the insurance kicks in.
For example, let’s say your plan’s annual deductible is $250. The next time you take Pumpkin to the vet, you would pay for the first $250 of covered services. After you meet your annual deductible, insurance will pay for covered services minus your coinsurance.
($900 Vet Bill x 10% Coinsurance) = You Pay $90
Odie lets you choose your annual deductible starting from just $50 to $1,000. The lower your annual deductible, the higher your monthly premium will be.
What is an annual insurance limit?
An annual insurance limit is the maximum amount of money Odie will pay toward your pet’s covered health services.
Odie offers limits up to $5,000, $10,000, $25,000 and $40,000 depending on the plan you choose.
What is a waiting period?
A waiting period is the amount of time you’ll need to wait before your insurance policy goes into effect. Basically you’ll need to wait until the waiting period is up before you can make a claim.
Odie offers some of the shortest waiting periods in the industry. Once met, waiting periods are waived for continuous, uninterrupted policy renewals.
- 3 days for Accidents
- 14 days for Illnesses
- 6 months for Cruciate Ligament Events and any related conditions.
- Routine care plans can be used the day after you enroll.
Have more questions? Check out our FAQs page.