Jan 18, 2023

ManyPets pet insurance review 2023 By Tim Maxwell / CBS News ManyPets offers pet insurance with an unlimited annual coverage amount, no fees for sick visit exams and an affordable premium. Getty Images Pet insurance is insurance coverage that helps cover your pet's veterinary expenses. Like health insurance for humans, pet insurance  comes with monthly or annual premiums, and, in exchange, your insurer pays for any qualified claims you make for veterinary costs. If the potential for expensive vet bills concerns you, exploring your pet insurance options may be worth it . One pet insurance company you might consider is ManyPets. This provider offers unlimited coverage for a variety of treatments, exams, and medications. Understanding what a ManyPets policy covers (and doesn't cover), along with its costs, benefits and downsides can help you determine if the company's plans meet your needs. You can start by getting a price from ManyPets now so you know exactly what it would cost. ManyPets Pet Insurance overview ManyPets offers pet insurance plans for dogs and cats with two principal policy types: accident and illness coverage and an optional wellness plan. Accident and illness coverage is what most people think about when it comes to health insurance, and it can come in handy if your pet suffers an unexpected injury or suddenly becomes ill. For additional coverage, the ManyPets wellness plan covers preventative care costs for routine check-ups, dental cleaning, vaccinations and other services. What's covered According to ManyPets , an accident and illness policy covers vet exams, consultations and "anything that's required to help treat or diagnose an illness or injury." The company reimburses up to 90% of your veterinarian care expenses, such as: Boarding at a vet clinic when required by your veterinarian Cancer diagnostics and treatments for biopsies, chemotherapy, surgery and more Chiropractic and acupuncture procedures performed by a veterinarian Dental illness Hereditary conditions Sick visit exam fees Routine dental care (must enroll in Wellness plan) Medications that are not FDA-approved Pre-existing conditions (unless your pet is symptom, treatment and diagnosis-free for at least 18 months before enrolling in your policy) Prescription food, supplements and vitamins Preventative care (must enroll in Wellness plan) Spaying/neutering Cost of ManyPets pet insurance ManyPets insurance coverage for your pet starts at $15 per month for a cat and $20 per month for a dog. Insurance is typically more expensive for dogs  than cats . That's because dogs are usually bigger than cats and require more medication and sedation. Keep in mind, pet insurance costs vary widely depending on your pet's breed , age and other factors. The premium price for your pet will also depend on the coverage options you choose, which are as follows: Deductible: $250, $500 or $750 Annual coverage amount: Unlimited Cost comparison To give you an idea of how ManyPets policy pricing compares to other providers, here's an example of how much it might cost to insure a healthy, five-year-old, mixed-breed dog of medium weight in Boulder, Colorado. In this case, coverage options include a $500 deductible, 80% reimbursement and the maximum coverage allowed for each provider. ManyPets   $5,000 to Unlimited *Quotes are for a 5-year-old mixed dog, medium weight, in good health in Boulder, Colorado. Coverage options include a $500 deductible, an 80% reimbursement percentage and the maximum coverage amount for each provider. As the example illustrates, ManyPets is affordable compared to these two providers and should be competitive with most providers in the marketplace. Of course, the price you receive for pet insurance will vary depending on your pet's breed, age, and health, as well as your policy options and other factors. If you need to insure more than one pet , ManyPets lives up to its name by offering a multi-pet discount of up to 15%. Pros and cons of ManyPets Pet Insurance As with any insurance product, it's always wise to weigh the benefits vs. the downsides of a pet insurance policy. Here are the pros and cons of ManyPets pet insurance: Pros Offers optional Wellness plan Cons Not available in some states (does not cover Alaska, Florida, Hawaii, Idaho, Massachusetts, Minnesota, Missouri, Oklahoma or Vermont) Doesn't cover spaying or neutering The unique benefit of ManyPets Many pet insurers offering unlimited annual coverage limits also offer smaller limits ranging from $5,000 to $100,000. Applicants can often lower their premiums by selecting a lower annual coverage limit. By contrast, ManyPets only offers unlimited annual coverage but still manages to provide pet owners with an affordable plan. In this way, ManyPets delivers the best of both worlds: no-limit claims and inexpensive premiums. You can easily apply for a ManyPets policy online now . The bottom line ManyPets is an affordable pet insurer that provides one accident and injury policy and an optional wellness plan for additional coverage. You won't be burdened with annual coverage limits with this policy, and you can choose a reimbursement option as high as 90%. That means your furry friend can get the care it deserves, and you would only be responsible for your portion of the bill and your deductible. Whether you choose ManyPets or another pet insurance company, take a close look at the coverage a policy covers. If your pet is at risk for a hereditary disease, for example, you'll want to ensure a provider covers the treatment for that condition. Remember, pet insurance companies do not cover pre-existing conditions, so consider getting pet insurance  if your pet is in good health to ensure you're covered later on. MoneyWatch: Managing Your Money