Author Archives: Sarah Lothspeich

Pets Best Passes $100 Million Payout Milestone

Pets Best pet health insurance reaches $100 million in paid claims to policyholders.

Skin allergies and kidney failure top the list of most paid out dog and cat claims

Pets Best Insurance Services, LLC, (Pets Best) reached a landmark this week, distributing $100 million in pet insurance claim payouts to policy holders.

The number is symbolic of the strong emphasis Pets Best puts on its mission: To save pets and end economic euthanasia by helping to ensure pet owners are financially prepared when their pets need unexpected veterinary care.

In 2012, the economic euthanasia level, also called the stop treatment point, was $1,704, meaning when the veterinary bill reaches that amount or more, most pet owners will choose to have their pet euthanized rather than pay for veterinary care. The $100 million in paid claims covers the stop treatment point 58,685 times.

“The reason I started the pet insurance industry was to end economic euthanasia,” said Dr. Jack L. Stephens, founder of Pets Best and creator of the pet insurance industry in North America in 1981. “In paying out over $100 million in pet insurance claims, we have reached a major milestone in helping save pets’ lives. After 33 years, the industry has helped hundreds of thousands of pet owners and saved millions of pets. I am proud of Pets Best and the entire industry for each and every life that has been, and will continue to be, saved.”

While the rise of the pet insurance industry has been instrumental in lowering the rates of economic euthanasia, the practice is still a constant specter in veterinary care. According to an Associated Press survey, 41 percent of pet owners are extremely or somewhat worried about their ability to pay medical bills in the event of a sick cat or dog.**Read More…

New Jersey Veterinarian Receives National Award from Pets Best

Dr. Jay Buchholz, winner of the Pets Best My Vet's the Best contest.

Latest My Vet’s the Best contest honors veterinarian Dr. Jay Buchholz

Pets Best Insurance Services, LLC, a leading U.S. pet insurance agency based in Boise, Idaho, announced today that veterinarian Dr. Jay Buchholz has been voted the most recent winner of the agency’s My Vet’s the Best contest. The nationwide contest honors veterinarians for their outstanding service.

The latest round of the contest brought in 5,498 total votes cast by pet owners across the U.S. through the Pets Best Facebook page.

“Our contest recognizes veterinarians that provide exceptional animal care in their local communities,” said Dr. Jack Stephens, founder of Pets Best. “Dr. Buchholz is a passionate veterinarian who is dedicated to treating animals with a caring touch.”

Dr.  Buchholz, who practices at the Maywood Veterinary Clinic in Maywood, New Jersey, won the contest after receiving 1,864 online votes. He was among hundreds of veterinarians across the country nominated for the seasonal award. Runner-up Dr. Robin Losso of East Brunswick Animal Hospital in East Brunswick, New Jersey, came in second place with 1,370 votes. The contest doesn’t typically include both a winner and runner-up from the same state.Read More…

Pets Best Makes List of “Best Places to Work in Idaho”

Pets Best employees host a themed office party.

The pet insurance agency has been awarded for the 3rd consecutive year

Pets Best Insurance Services, LLC, a leading U.S. pet-health insurance agency, announced today it has been named one of the Best Places to Work in Idaho for the third consecutive year.

Along with a select group of other businesses, Pets Best has received 2015 recognition for the excellence of its workplace from the Best Places to Work in Idaho Program. The program is a collaboration between the Idaho Business Review and POPULUS, an Idaho-based marketing and HR research organization.

The annual ranking employs confidential surveys administered to employees at companies around Idaho. It measures employee happiness using metrics such as performance in compensation and benefits, employee growth and development, work-life balance, workplace environment and company management. The highest levels of employee satisfaction translate directly to the best places to work.Read More…

Marijuana Poses Serious Health Risks for Pets

Dog reaches for food on the counter top.

Costly vet visits on the rise due to marijuana ingestion and inhalation in dogs and cats

As more states legalize marijuana to varying degrees, Pets Best Pet Insurance wants to make sure pet owners are aware of marijuana’s dangers to animals. Believe it or not, marijuana can cause serious illness in dogs and cats, which may be exposed to its effects either by ingesting the plant or by inhalation of smoke.

While marijuana is rarely deadly to animals, it can cause serious illness in pets. One of the most common ways animals will ingest marijuana is when it has been left out and unattended. Although this occurs more frequently in dogs, it can also happen with cats. This may happen when the plant itself has been left out, or when it has been incorporated into baked goods, which some pets find especially appealing.

Beware that marijuana brownies are particularly unsafe because they include chocolate, an additional poison to dogs and cats, acting as a potent stimulant that can affect nervous systems negatively, causing illness or even death. Plus, dogs are attracted to the smell of chocolate as well as other baked goods, which makes them even more dangerous.Read More…

Medica Fetches Distributor Role for Pet Insurance via Agreement with Pets Best

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…

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