I have been thinking of cancelling our pet insurance. What should I do?
Pros -
-Pays 90% of claims so you get your $ back
-Evie is young & doesnt have any diseases so she is covered if she gets any
Cons
-You have to pay the claim up front & then get reimbursed
-Office visit fees are not covered
So, here is a scenario. Evie has giardia
Costs $114
$90 office visit
$20 pills
Insurance will not pay me for the visit and will pay 90% of the pills. I will get a check for like $18.
So I pay $45/mo to get paid $18 back!
If she ever had to have surgery that cost like $3,000 - what would I do? I would have to come up with $3,000 to pay for her surgery up front and then get reimbursed.
I could just put that $45 into her account each month and have that money just sit there earning interest. If she gets hurt, it is paid for.
I dont know what to do....Either way, I have to have any $$ to cover her bill up front. Its a matter of wanting to get my $ back once we get reimbursed.