That price sounds pretty reasonable overall, but I’d recommend increasing the annual limit as much as you can afford. Once you set the limit, you can’t raise it later, and vet costs are rising every year. If there’s an emergency or serious illness, $5,000 might not go as far as you think, especially as your pet gets older.
It depends on what the plan covers, especially if your pet has any pre-existing conditions. Spot, for example, covers some curable pre-existing conditions after a waiting period, but not everyone qualifies.
You should double-check what might be excluded and how much coverage you get for certain conditions. A lot of people have posted here about Spot denying claims for pre-existing issues, so it’s important to know what you’re signing up for.
Also, if dental illness or accident coverage matters to you, Spot’s options are pretty limited, so keep that in mind.
Is this for PetsBest? If it is, you should consider the unlimited plan. It usually only costs a little more per month, and it’s worth it in the long run.
I would recommend going with a much higher limit and trying to get a 90% reimbursement rate if you can. It makes a huge difference if your pet gets diagnosed with something like cancer or another long-term illness.
When our dog was diagnosed with cancer, the first year of treatment cost us over $10,000 because we didn’t have insurance. Now that he’s in remission, we still need to do regular imaging, and those costs add up fast.