A recent survey finds that 38% of pet owners would spend $1,000 or more for life-saving care for their companion. At the same time, the New York Times reports that pet care costs have soared over the last several years.
These and other factors show why pet insurance is becoming an increasingly sought-after voluntary benefit for many employees who want to offset costs while ensuring quality care for their four-legged companions.
In this podcast called "Rising Pet Costs: Making the Case for Pet Insurance," BenefitsPRO contributor Michael Krieger speaks with David Hurley, Director of Sales, Voluntary Benefits & Member/Specialty Groups, at Nationwide, and Dr. Jules Benson, Pet Health Chief Veterinary Officer at Nationwide.
During the discussion, these experts discuss:
- Why pet care costs have increased over the last decade and what the future looks like when it comes to taking pets to the vet to get the care they need.
- How pet insurance works to offset costs and can give employees peace of mind when seeking out care for their pet.
- What advice benefits brokers and consultants can offer to their clients when it comes to pet insurance, and why this voluntary benefit resonates with employees and employers.
This podcast episode is the third of a series called Nurturing Employees' Relationships with Pets Brings Rewards for All, which is hosted on BenefitsPRO and sponsored by Nationwide. Click here to listen to the previous episode.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
