Save Big on Pet Healthcare
Confused by high out-of-pocket costs with pet insurance?
A real-life comparison shows a 34% savings on pet care with
Pawsome Health!
See the difference for yourself!
Pet healthcare cost for 2 years
Insurance premium vs Pawsome Health plan cost
Total costs for pet healthcare from vet invoices only for preventative care and illnesses or accidents.
Insurance claims payout vs Pawsome Health reimbursement
Total costs for pet healthcare
A Real-Life
Insurance Policy
$1,820
$4,858
- $1,694
$4,985
Pawsome Health
$216
$4,858
- $1,800
$3,274 *
* The additional benefits of a Pawsome Health plan were not factored into the total out-of-pocket cost. This pet owner would have been able to use the free overdraw option - potentially up to $5,400 in this example, or been eligible for a grant - up to $3,000 in this example.
Comparative Analysis: Traditional Pet Insurance vs. Pawsome Health
To illustrate the potential cost savings offered by Pawsome Health, we conducted a comparative analysis of a real pet owner's healthcare expenses over a two-year period. We examined the total out-of-pocket costs incurred under their traditional pet insurance plan and compared it to the projected cost using a Pawsome Health plan.
As demonstrated in the calculation above, choosing Pawsome Health could have resulted in a significant cost saving of 34% for this pet owner's healthcare needs. This calculation is based solely on the traditional insurance premiums, deductibles, and out-of-pocket expenses, excluding several additional benefits offered by Pawsome Health.
Pawsome Health is a reimbursement-based pet healthcare solution that is separate from an insurance policy. It offers a unique approach to managing your pet's healthcare costs through a plan with unique benefits.
It's not insurance. It's not banking.
Feature | Pet Insurance | Banking | Pawsome Health |
|---|---|---|---|
Coverage for Vet Expenses | Yes, but often limited by coverage type | N/A | Yes, covers any pet healthcare cost |
Coverage for Other Types of Pet Healthcare Providers | Limited, depending on policy | N/A | Yes, covers all professional pet healthcare providers. |
Coverage for preventative care | Yes, but it usually limited to a specific allowance and required an add-on to the policy | N/A | Yes, covers any pet healthcare cost |
Deductibles | Yes, deductible must be met before payout | N/A | No, full access to funds without deductibles |
Reimbursement Rate | Typically 70-90% after deductible | N/A | 100% |
Maximum Payout Limits | Often annual or per-incident limits | Account Balance | Account Balance + Overdraw + Grant |
Pre-existing Conditions Covered | Typically not covered | N/A | Yes, all conditions covered |
Account Growth Through Interest | N/A | Yes, interest but low rates | Yes, growth through pooled interest |
Account Balance Requirements | N/A | Yes, often an initial deposit threshold must be met. | No |
Grant Opportunities | No | No | Yes, available regularly |
Overdraw Option | No | Typically no or high overdraft fees | Yes, up to 3x balance depending on tier with no fess or interest paid. |
All pets covered | No, limited to dogs and cats | N/A | Yes, all pets are welcome. |
Multi-Pet Coverage | No, one pet per policy | N/A | Yes, depending on the plan selected. |
Flexibility in Withdrawals | No, reimbursement only | Yes, but not specific to healthcare | Yes, reimbursements with minimal restrictions |
Risk of Fund Loss | Premiums are not refundable | No risk | No risk. Deposited funds are fully refundable |
Monthly Deposit Requirement | Yes, monthly premium | No requirement | Yes, flexible and can be paused |
Penalty-Free Exit | No, no refund on unused premiums | No penalties | Yes, full deposit refund minus reimbursements |
Transparency in Terms | Complex policies with exclusions | Transparent but limited healthcare focus | Clear terms with flexible healthcare use |
Pricing conditions | Yes, depending on race, breed, age and other factors | Yes, minimum account balance is required to avoid maintenance fees | No, same price for any pet. |
Feature | Pet Insurance | Banking | Pawsome Health |
|---|---|---|---|
Coverage for Vet Expenses | Yes, but often limited by coverage type | N/A | Yes, covers any pet healthcare cost |
Coverage for Other Types of Pet Healthcare Providers | Limited, depending on policy | N/A | Yes, covers all professional pet healthcare providers. |
Coverage for preventative care | Yes, but it usually limited to a specific allowance and required an add-on to the policy | N/A | Yes, covers any pet healthcare cost |
Deductibles | Yes, deductible must be met before payout | N/A | No, full access to funds without deductibles |
Reimbursement Rate | Typically 70-90% after deductible | N/A | 100% |
Maximum Payout Limits | Often annual or per-incident limits | Account Balance | Account Balance + Overdraw + Grant |
Pre-existing Conditions Covered | Typically not covered | N/A | Yes, all conditions covered |
Account Growth Through Interest | N/A | Yes, interest but low rates | Yes, growth through pooled interest |
Account Balance Requirements | N/A | Yes, often an initial deposit threshold must be met. | No |
Grant Opportunities | No | No | Yes, available regularly |
Overdraw Option | No | Typically no or high overdraft fees | Yes, up to 3x balance depending on tier with no fess or interest paid. |
All pets covered | No, limited to dogs and cats | N/A | Yes, all pets are welcome. |
Multi-Pet Coverage | No, one pet per policy | N/A | Yes, depending on the plan selected. |
Flexibility in Withdrawals | No, reimbursement only | Yes, but not specific to healthcare | Yes, reimbursements with minimal restrictions |
Risk of Fund Loss | Premiums are not refundable | No risk | No risk. Deposited funds are fully refundable |
Monthly Deposit Requirement | Yes, monthly premium | No requirement | Yes, flexible and can be paused |
Penalty-Free Exit | No, no refund on unused premiums | No penalties | Yes, full deposit refund minus reimbursements |
Transparency in Terms | Complex policies with exclusions | Transparent but limited healthcare focus | Clear terms with flexible healthcare use |
Pricing conditions | Yes, depending on race, breed, age and other factors | Yes, minimum account balance is required to avoid maintenance fees | No, same price for any pet. |
