Pet insurance can help alleviate financial burdens to ensure employees can offer their pets the necessary medical attention.
No pet parent wants to compromise care quality regarding our pets’ health. However, veterinary costs can quickly rise, particularly in the case of emergencies, chronic illnesses, or surgeries. This is where pet insurance can help. As a critical resource, pet insurance can help alleviate financial burdens to ensure employees can offer their furry friends the necessary medical attention without hesitation.
Pet Insurance Basics
Pet insurance is a medical plan the employee pays monthly or yearly in exchange for reimbursement of eligible veterinary expenses. When a veterinarian inspects a pet for a covered condition, the pet owner pays the vet in full and then submits a claim to their insurer for reimbursement. Most pet insurance plans commonly cover the following:
- Accidents or injuries such as ACL ruptures or broken bones
- Behavioral therapy
- Chronic illnesses like allergies or skin conditions
- Prevalent illnesses such as vomiting, ear infections, or urinary tract infections
- Prescription medications
- Conditions related to genes
- Cancer or diabetes
- Testing and diagnostics
- Wellness procedures
Stress Relief
Stress can significantly affect your general well-being and negatively impact every aspect of your life. Financial stress, job stress, and the stress of maintaining other living things can easily translate to worse job results. While pets are notorious for helping their owners relieve stress, it’s hard to experience uncertainty about how to care for them if they get hurt.
Employers that provide pet insurance policies can eliminate this burden off their employees, aiding them in engaging with their work more productively. Employees who maintain valuable relationships outside of work (with other people, pets, anyone) are better equipped to manage challenges at work positively.
Stability
Turnover is one of the most significant money sinks a company must deal with, so we are always seeking ways to find and retain employees. Fortunately, encouraging pet ownership for employees may help you in this area. People who own pets are likelier to feel settled and content in their environment. The knowledge that they must keep consistent care for an animal is an incentive to keep a steady job. By offering pet insurance policies, you are sending the message that you want your team to feel comfortable where they are, which is working at your business!
Get in Your Voluntary, Supplemental, and Health Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet all your employees’ needs. With over 17 years of experience, The MWE Partnership is your go-to provider for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! We encourage you to like our Facebook page and follow us on Twitter and LinkedIn for the latest voluntary benefit news!