Perhaps you are one of those Americans who have a health savings account, and a health insurance with a high deductible. I had one of these policies for many years and I love it. In theory, it is cheaper in the long run, because the high deductible insurance premium is lower.
Insurance is purchased to protect themselves (catastrophic illness) from financial ruin in the event of a large hospital bill / physician. Use the savings account (which is tax deductible and interest tax-free build) to pay your deductible linked to politics and issues of small health insurance. You can also use it for issues that are not necessarily addressed by their health insurance, for example, the services of your dentist, chiropractor, glasses, etc. If you are healthy and do not spend much on health, raising money, when you need them. Because contributions to an HSA are tax-deductible, it is something like an IRA.
The savings account and insurance companies complement each other. It is good to have already laid aside money when health spending occurs. You can be automatically debited from your checking account even the money for the insurance premium and a deposit savings account each month. In this way, the money is estimated month to month.
There are companies and individuals who advise people in a savings account to put your money and forget insurance for pets. I think that would be unwise. People who do not recommend it to understand the purpose of insurance. What if you put into your savings plan $ 200 and your pet sick or injured and plan treatment / diagnosis is $ 5000 with a forecast of a full recovery? Do you really want the decision faced, if you can afford it or not? Therefore, you should should have other sources of funding such as credit and / or insurance.
While their own economy on behalf of the health of the animals are deductible at this time no tax, yet to help a good addition to the insurance and / or credit, for animal health pay bills random companies, unexpected and potentially expensive. Many insurance companies pet you can customize your policy from a range of annual deductible and coinsurance maximum to choose that you can meet your coverage in the amount of money saved, available credit and your budget.
Dr. Kenney is a practicing veterinarian in Memphis, Tennessee. The author of a blog (http://petinsuranceguideus.com) dedicated to teaching pet owners as pet insurance and to cover them to make informed decisions and wise to help in selecting a business and policy your pet.
The website also provides the latest information on each pet insurance companies that help the animals in the United States as well as podcasts, videos and even a Pet Insurance Toolkit connecting pet owners, delivers when looking for insurance for pets.
