Pets Best Proposal A Guide to offering Pets Best Pet Insurance as a Voluntary Benefit - BCT CORPORATION
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Pets Best Proposal
A Guide to offering Pets Best
Pet Insurance as a Voluntary
Benefit
*Pet Insurance is underwritten by American Pet Insurance Company. Please visit www.americanpetinsurance.com to review all available pet health insurance products. PP-APIC-V1-092018
To protect ourselves financially against the unexpected, we have health
insurance, car insurance, home-owners insurance, etc. Pet insurance is no
different! The care available to pets is often on par with human medical care
and because of this veterinary costs are on the rise.
Studies show that more than 57%* of employers will offer pet insurance as
a benefit in 2021.
Employers are recognizing that by offering pet insurance they can help
protect their employees’ financial well-being and give them one less thing
to worry about.
*Source: Willis Towers Watson Survey
PRIVATE & CONFIDENTIAL 2
65% of US households own a pet—almost 85
million homes
163 million cats and dogs
$69B spent on pets in 2017, with veterinary care
being $16B+
95% of pet owners view their pets as family
members
Source: American Pet Products Association
PRIVATE & CONFIDENTIAL 3
Get File Get
Choose a Plan
Treatment a Claim Reimbursed
It only takes 5 minutes! Simple When the pet becomes ill or injured, The client pays their vet and then Most claims processed within 5 days
underwriting, no medical records to the owner can take them to any submits a claim. There is no need to for quick reimbursement.
enroll, instant approval, 30-day licensed veterinarian of their choice send us medical records unless we Get reimbursed 70%-90% of the
money back guarantee. ask for them. actual vet bill after an annual
deductible.
PRIVATE & CONFIDENTIAL 4
PRIVATE & CONFIDENTIAL 5
We make it easy to offer Pet Insurance
No minimum employee size required to enroll
No fees to the employer
No medical records required to enroll
Online customer management tool
Flexible billing options
– Direct bill or payroll deduction*
Completely portable upon termination
Preferred employer group pricing
– 5% Group Discount plus another 5% if they have 2+ pets**
*Direct billing will result in a $2 transaction fee to employees. Payroll deduction requires a minimum of 10 employees enroll by the first effective date.
** 5% discount applies to BestBenefit plans; available in most states. Additional 5% discount if insuring more than one pet.
PRIVATE & CONFIDENTIAL 6Pets Best offers pet insurance for fortune 500 companies through leading
partner connectivity and technology
Pet insurance is one of the most requested voluntary benefit; 57%* of
employers will offer pet insurance as a benefit in 2021.
Pet customer demographic – based on Pets Best customer survey:
50% have a 73% take a walk 43% travel with 50% have 82% of consider 60% married with
college degree more than once pets as much as combined annual themselves a no children in the
or higher per day possible income of $80K “pet parent” home
* Source: Willis Towers Watson
PRIVATE & CONFIDENTIAL 7Nationwide PetPlan Hartville / ASPCA
3-5 Day Claims Processing
No Upper Age Limits
Coverage for Exam Fees
Online Claims Submission
Free Direct Deposit Reimbursement
No Exam or Medical Records Required to Enroll
Full Hereditary and Congenital Coverage in all
States
Routine Care Coverage Option
24/7 Pet Help Line
$28.81 $35.62 $42.33 $41.94
SAMPLE PRICING FOR EACH COMPANY’S
Elite Option My Pet Protection
RECOMMENDED PLAN: Unlimited $7,000 annual max $15,000 annual max $5,000 annual max
2-year old Lab-Mix dog in Louisville, KY $250 deductible/yr $250 deductible/yr $250 deductible/yr $250 deductible
90% reimbursement 90% reimbursement 80% reimbursement 90% reimbursement
PRIVATE & CONFIDENTIAL 8BestBenefit Plans - most popular
covers both injuries and illnesses
– Rated by breed, age and location
Accident Only Plans*
covers accidental injuries only
– Dogs $9/month; cats $6/month**
Optional Wellness rider – coverage for routine care*
can be added to a BestBenefit plan
– EssentialWellness - $16/month** - $305 annual benefits
– BestWellness - $26/month** - $535 annual benefits
*Note: Discounts do not apply to the accident only and wellness plans. Discounts not available in all states.
**$7/mo. for cats and $10/mo. for dogs in WA. EssentialWellness is $14/month and BestWellness is $30/month in WA.
PRIVATE & CONFIDENTIAL 9Pets Best provides employee facing communications:
Custom URL
– For Quoting and Enrollment
2 Custom Emails
Customized Flyer
Dedicated Support
– A Pets Best Senior Account Manager will be available throughout the
implementation process.
PRIVATE & CONFIDENTIAL 10Questions?
Please reach out to
voluntarybenefits@petsbest.com
PRIVATE & CONFIDENTIAL 11Appendix Guide
A1 – Plan Options
A2 – BestBenefit Plans
A3 – Wellness Add-On Plans
A4 – Accident Only Plans
PRIVATE & CONFIDENTIALBestBenefit Optional Wellness Add-On Accident Only Plan
Accident + Illness Plans
BestBenefit plans cover the Available as an optional rider to the Can be purchased as a
diagnosis and treatment of BestBenefit Plan stand-alone plan
accidents and illnesses.
• BestWellness: $26/month • Accident Only for Dogs:
• Average premium for Dogs: ($30/month in WA) $9/month ($10/month in WA)
$35/month
• Essential Wellness: $16/month • Accident Only for Cats:
• Average premium for Cats: ($14/month in WA) $6/month ($7/month in WA)
$23/month
Price varies by plan options selected, Accident + Wellness Plans are the same price regardless of age and breed
location, pet age and breed
PRIVATE & CONFIDENTIAL A1BestBenefit Plans for Comprehensive Accident
+ Illness Coverage
Coverage Essential Plus Elite
Accidents, Illnesses, Cancer, Hereditary Conditions,
Emergency Care, Surgeries, + Rx Meds
Accident + Illness Exam Fees
Rehabilitative, Acupuncture, + Chiropractic Coverage
Annual Coverage Limit Options $5K I $10K I Unlimited $5K I $10K I Unlimited $5K I $10K I Unlimited
$50 I $100 I $200 $250 $50 I $100 I $200 $250 $50 I $100 I $200 $250
Deductible Options
I $500 I $1,000 I $500 I $1,000 I $500 I $1,000
Reimbursement Levels Options 70% I 80% I 90% 70% I 80% I 90% 70% I 80% I 90%
Main Exclusions: Pre-existing conditions, bilateral conditions, repetitive activity, non-veterinarian expenses, elective/preventative
procedures, wellness care (available under wellness), parasites, periodontal/gum disease (limited coverage under APIC)
Plans are subject to waiting periods: 3 days for injuries, 14 days for illnesses, 6 months for Cruciate Ligament events
PRIVATE & CONFIDENTIAL A2Comprehensive Wellness Add-On Plans
Coverage EssentialWellness BestWellness
(pays up to the following limits, per year, with no deductible) $16/Month* $26/Month*
Spay/Neuter – Teeth Cleaning $0 $150
Rabies $15 $15
Flea/Tick Prevention $50 $65
Heartworm Prevention $30 $30
Vaccination/Titer $30 $40
Wellness Exam $50 $50
Heartworm Test or FELV Screen $25 $30
Blood, Fecal, Parasite Exam $50 $70
Microchip $20 $40
Urinalysis or ERD $15 $25
Deworming $20 $20
Total Annual Benefits $305 $535
*Plan pricing varies in Washington State
PRIVATE & CONFIDENTIAL A3Accident Only Plans
Dogs Cats
Coverage
$9/Month* $6/Month
Designed to cover accidents like broken legs, snake bites,
accidentally swallowed objects, etc.
Annual Coverage Limit $10,000 $10,000
Deductible $250 $250
Reimbursement Levels 90% 90%
Guarantee Issue: Pets with the following pre-existing conditions are not eligible for illness coverage, but can enroll for Accident
Only Coverage: Addison’s Disease, Cushing’s Disease, Diabetes, Cancer, Feline Leukemia or Feline Immunodeficiency Virus
Main Exclusions: Pre-existing conditions, bilateral conditions, repetitive activity, non-veterinarian expenses, elective/preventative
procedures, wellness care, parasites, periodontal/gum disease (limited coverage under APIC)
Plans are subject to waiting periods: 3 days for injuries
PRIVATE & CONFIDENTIAL A4MONTHLY RATES - FOR ESTIMATED Routine Care/Wellness Plans
BESTBENEFIT BESTBENEFIT BESTBENEFIT Optional Add-On Coverage, Not sold Stand-Alone
BI-WEEKLY PAYROLL RATES DIVIDE No deductible
ESSENTIAL PLUS ELITE
RATES SHOWN BY 2
EssentialWellness: $16 per month (WA State $14)
BestBenefit Plans: Provides $305 of annual benefits
Annual Coverage of: $5,000 or Unlimited 90% Coverage 90% Coverage 90% Coverage BestWellness: $26 per month (WA State $30)
provides $535 of annual benefits
Deductibles range from $50-$1,000. $250 deductible $250 deductible $250 deductible
Reimbursements include 70%, 80% or 90% Schedule of benefits for wellness care such as:
Annual Coverage Limit UNLIMITED UNLIMITED UNLIMITED vaccines, spay/neuter, flea prevention, etc.
Illnesses YES YES YES
Accidents YES YES YES
Office Visit and Exam Fees Accident Only Plan
(excludes routine exams) NO YES YES $10,000 Annual Coverage Limit
Rehabilitative, Acupuncture and $250 Annual Deductible; 90% Reimbursement
Chiropractic Coverage NO NO YES $6/month for cats (WA state $7/month)
CANINE: MIXED BREED OF ANY KIND, AGE 3 (7 0 % O F DO G S INS URED WITH P ETS BES T ARE MIX ED BREED) $9/month for dogs (WA state $10/month)
Florida $23.34 $27.22 $28.49
Minnesota $19.45 $22.69 $23.74
FELINE: DOMESTIC MEDIUM HAIR, AGE 5
Florida $16.14 $18.83 $19.70
Minnesota $13.67 $15.94 $16.68
Sample rates are based on popular zip codes in the referenced state. Rates will vary on zip code, age and breed
of pet. Sample rates are base rates, a 5% group discount + 5% multi-pet discount will apply in most states.You can also read
