Results 1 to 10 of 17

Thread: Petplan US - Ridiculous premium increase

Hybrid View

  1. #1
    Join Date
    Jul 2009
    Location
    Los Angeles
    Posts
    190
    Post Thanks / Like

    Angry Petplan US - Ridiculous premium increase

    Wow, I just got my renewal notice from PetPlan USA, and they are saying my 2013 premium is going up by a WHOPPING 27% this year. Annual premium increments I can understand, especially in the face of inflation, but since I joined PetPlan in 2011 the 2 increments since then would mean they've increased my premium 51% in just 2 years.

    The only claim we've made so far was for a $700 reimbursement in late 2011 for a abscess removal procedure we had to do on Skippy.

    Premiums over the years
    2013: $527 (have not paid/renewed yet)
    2012: $413
    2011: $350 (estimated, from what I can remember)

    This is the 'plan' we currently have:
    "Bronze" coverage
    • $8000 vet fees
    • $200 deductible
    • 100% reimbursement


    I'm about to email PetPlan to get an explanation, but just wanted to post here and see if this is the norm for you guys too, or if they are way out of line.

  2. #2
    Join Date
    Feb 2012
    Location
    Yorktown, Virginia USA
    Posts
    1,426
    Post Thanks / Like

    Default

    Well, insurance is insurance and the companies can basically do whatever they want (in the US anyway). It makes me angry as well. It least with Pet Plan the insurance works like it should I mean when you sign up "they say" it covers XYZ and it actually does.

    Not like most human insurance health insurance companies where you pay your deductible you pay your co-pay then STILL end up with a bill WHAT????!!!!!!

    I have not renewed yet , due to in April but I paid $375 ( ish-or what I remember) for April 2012-April 2013 I do remember getting a pay in full discount tho.
    I don't think your out of like, but maybe you can play with the numbers a bit....can you raise the deductible? change the reimbursement? It never hurts to ask a company "hey can you do better than this?"

    Please let us know how it goes.
    Melissa
    "If you don't own a dog, at least one, there is not necessarily anything wrong with you, but there may be something wrong with your life."
    -Roger Caras

  3. #3
    Join Date
    Dec 2008
    Location
    Grand Rapids MI USA
    Posts
    300
    Post Thanks / Like

    Default

    Seems strange, I have Petplan for Cooper with
    • $8000 vet fees
    • $200 deductible
    • 80% reimbursement
    • I paid $324.54 renewal in January
    Chuck, Cooper and Nina
    Shelter dogs aren't broken. They've simply experienced more life than other dogs. If they were human, we would call them wise. They would be the ones with tales to tell and stories to write. Do not pity a shelter dog. Adopt one.

  4. #4
    Join Date
    Sep 2006
    Location
    New Jersey USA
    Posts
    2,986
    Post Thanks / Like
    Blog Entries
    1

    Default

    Mine went up too. I decided to stay with them though since Lucky has now been diagnosed with MVD.

    Plus, they do pay more than half their dentals for me (I have a similar plan to Chuck).

    I might look into changing to a lesser plan but for now I've just bit the bullet and let it renew...
    Lani
    (a.k.a. Lucky's & Sparky's mom!)

  5. #5
    Join Date
    May 2009
    Location
    Tennessee, USA
    Posts
    917
    Post Thanks / Like

    Default

    I don't have the numbers handy, but the premium for Sophie's "Silver" policy with Pet Plan had a similar sharp increase in September 2012, also. It was noticeable.

    We get that lovely quarterly magazine printed on heavy stock paper with nice color photos, with articles that describe some of the most expensive claims they have paid out on dogs. Insurance is a form of socialized medicine in that *we* are paying for those claims. That's how it worked with the group health insurance plan where my husband worked. Husband and I didn't have outrageous health insurance claims, but there were some very, very ill people where he worked, each with claims in the hundreds of thousands of dollars a year, for a year or two. As a result, the premiums for all employees jumped 35% for the past few years and we went from a $5k to $8k deductible to keep those horrendous premiums as low (ha!) as they were. I imagine it is the same with pet insurance.

    Edited to add ---

    Found the info on premiums (numbers are rounded to nearest dollar):
    Sept 2009 $280 USD
    Sept 2010 $294 USD
    Sept 2011 $294 USD
    Sept 2012 $383 USD --- a $90 increase over 2011 price; a 31% increase
    Last edited by waldor; 13th February 2013 at 07:16 PM.

  6. #6
    Join Date
    Feb 2013
    Location
    Redding, CA
    Posts
    23
    Post Thanks / Like

    Default

    We haven't got any for Jenny yet, but some folks here have said that we should. We have been thinking about it seriously, too. We had best get started on our research. I'm wondering if the pet insurance companies are like the satellite companies. They just continue to raise the monthly payment and there's no inflation at all now. The health insurance companies do the same. They treat us like a bunch of lemmings and we continue to make that easy for them to do. Just sayin....

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •