Minnetonka, Minn./Boise, Idaho – Beginning today, dog and cat pet parents have a one-stop shop for health insurance for all members of the family. Medica, a leading regional provider of individual and family insurance based in Minneapolis, and Pets Best Insurance Services, LLC (Pets Best), a leading U.S. pet insurance brand, have joined forces to offer a convenient way to learn about insuring cats and dogs.
Medica now can refer interested pet parents to Pets Best for a policy. Pet parents need not have a Medica policy to receive the referral. The referrals are made through Medica’s individual and family business unit, which provides health insurance to people who purchase health coverage on their own.
“Although Medica can refer anyone to Pets Best for a pet policy, we developed this capability as a convenience for our members,” said Craig Ashby, Senior Director of Product Development and Strategic Growth Initiatives. “We are creating a one-stop shopping experience for all of our members’ health insurance needs, whether it be for themselves, their spouse, partner, children – or four-legged member of their family. Our agreement with Pets Best will help pet parents care and plan for their cherished cats and dogs by limiting the risk of hefty out-of-pocket expenses and providing coverage for unexpected events, just as we do with our individual and family health insurance policies.”
With roughly 50 percent of U.S. households enjoying pet ownership, many families have sought a trusted partner to assist with their pet insurance needs. The Medica and Pets Best agreement brings established and recognized brands to the pet insurance category. Since the establishment of the first pet insurance company in the U.S. in 1981, the desire for pet insurance has grown significantly and is now a $650 million industry.Read More…