dandelos
Well-known member
Looks like I forgot to post my update for 2016. Here is an updated history of the annual premiums for Skippy's (currently 7.5 years old) Petplan policy since year 1 --
2017: To be determined (see below)
2016: $750 ($10k vet fees, $200 ded., 80% reimbursement) = 11% increase (the vet fees coverage went up but strangely enough, I don't recall manually making an changes to our coverage)
2015: $681 ($8k vet fees, $200 ded., 80% reimbursement) = 36% increase
2014: $499 ($8k vet fees, $200 ded., 80% reimbursement) = 29% increase
2013: $527 ($8k vet fees, $200 ded., 100% reimbursement) but reduced to $386 ($8k vet fees, $200 ded., 80% reimbursement) = 28% increase
2012: $413 ($8k vet fees, $200 ded., 100% reimbursement) = 25% increase
2011: $330 ($8k vet fees, $200 ded., 100% reimbursement) = first year of policy
This year's renewal letter just arrived, and it says something about a change in PetPlan's underwriter, which Petplan said resulted in them having to "adjust the cost of (their) premiums" and a "steep rate increase".
I played around with their plan builder on their website, and if I want the same coverage in 2017 that I had in 2016, my annual premium will be a WHOPPING $1497!!!! I am able to get a $808 premium however, if I increase the deductible to $500, and reduce the reimbursement to 70%.
Decisions, decisions.
2017: To be determined (see below)
2016: $750 ($10k vet fees, $200 ded., 80% reimbursement) = 11% increase (the vet fees coverage went up but strangely enough, I don't recall manually making an changes to our coverage)
2015: $681 ($8k vet fees, $200 ded., 80% reimbursement) = 36% increase
2014: $499 ($8k vet fees, $200 ded., 80% reimbursement) = 29% increase
2013: $527 ($8k vet fees, $200 ded., 100% reimbursement) but reduced to $386 ($8k vet fees, $200 ded., 80% reimbursement) = 28% increase
2012: $413 ($8k vet fees, $200 ded., 100% reimbursement) = 25% increase
2011: $330 ($8k vet fees, $200 ded., 100% reimbursement) = first year of policy
This year's renewal letter just arrived, and it says something about a change in PetPlan's underwriter, which Petplan said resulted in them having to "adjust the cost of (their) premiums" and a "steep rate increase".
I played around with their plan builder on their website, and if I want the same coverage in 2017 that I had in 2016, my annual premium will be a WHOPPING $1497!!!! I am able to get a $808 premium however, if I increase the deductible to $500, and reduce the reimbursement to 70%.
Decisions, decisions.