Reducing the financial stress of cost of care for pet parents, Trupanion insured pets have more access to the best care possible
SEATTLE, Jan. 16, 2023 (GLOBE NEWSWIRE) — Providing pet mother and father financial peace of mind, Trupanion , a leader in medical insurance for cats and dogs, announced today that it has paid out over $2 billion in veterinary invoices. To date, Trupanion insured pets have visited veterinarians more than 8. 5 million times.
In 2020, Trupanion reached $1 billion paid out in veterinary invoices. That milestone was achieved over 20 years. Since then, the population of Trupanion insured animals has grown to over 800, 000 with Trupanion paying out an additional $1 billion dollars in vet invoices.
In the past three years alone, Trupanion has paid out $29 million per month, or $6. 7 mil per week, equating in order to over $959, 000 per day – or $40, 000 every hour paid away to veterinarians and pet parents.
“With our comprehensive coverage, unlimited payout, and the ability to pay veterinarians directly at checkout, Trupanion members can say ‘yes’ to the particular best treatment possible without worrying about the cost of care, ” said Margi Tooth, president of Trupanion. “We are at our best when spending invoices on behalf of our members and reaching $2 billion in compensated claims is a milestone that will no other provider offers reached quicker than us. We look forward to helping even more dog parents budget for veterinary care if plus when their pet becomes sick or even injured. ”
The $2 billion threshold was crossed on December 28, 2022 with a payment within support associated with Oliver, the 12-year-old miniature Long Haired Dachshund, from Ontario, Canada for Gastroenteritis. The veterinary emergency hospital was paid directly within seconds in the time of checkout, ensuring Oliver would be home inside time in order to celebrate the New Year with tail wags and wet nosed kisses.
Whether it’s a cruciate ligament rupture in a dog (in the last 5 many years alone, Trupanion has compensated out more than $100 million in cruciate invoices) or ongoing allergies in the cat (Trupanion has paid out a lot more than $56 mil on allergies), no illness or injury is too big or even too small.
Up to now, the largest single payout for a Trupanion member’s pet is $81, 500 for the particular treatment of aspiration pneumonia, adding plenty of a lot more belly rubs to the life of this sweet English Bull Dog.
More access to the very best care possible
Just like Oliver, the miniature Long Haired Dachshund from Ontario whose invoice was compensated directly to the vet hospital in seconds, hundreds of thousands of family pet parents along with Trupanion have had their own veterinary invoice paid inside real-time at the time of checkout.
This eliminates upfront payments for the full bill, members don’t have to wait weeks with regard to reimbursement, plus veterinarians may recommend what they believe is the best course of medical treatment – giving pet parents serenity of thoughts so they can focus on their particular pet’s recovery, not financial stress.
Trupanion is the particular only company that can pay a veterinary hospital directly during the time of client checkout.
“For Oliver, and all associated with the other dogs and cats out there, we will continue to work tirelessly 24/7, 365 to always be there when we’re needed regarding years to come, making budgeting intended for the unexpected cost of care possible for generations of domestic pets and their pet moms and dads, ” added Tooth.
Trupanion is really a leader in medical insurance for pet cats and canines throughout the United States, North america and Australia with more than 800, 000 pets enrolled. For over two decades, Trupanion has given pet mom and dad peace of mind so they can focus on their own pet’s recuperation, not monetary stress. Trupanion is committed to providing pet mothers and fathers with the highest value in dog health care insurance with unlimited payouts for that existence of their household pets. Trupanion will be the only provider with the technology to pay veterinarians straight in seconds at the particular time associated with checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is usually headquartered within Seattle, WA. Trupanion policies are issued in the United States by its wholly-owned insurance entity American Dog Insurance Company plus, in Europe, by Omega General Insurance Company and distributed simply by its wholly-owned subsidiary Nova scotia Pet Health Insurance Services, Inc. Trupanion Australia is a partnership between Trupanion plus Hollard Insurance provider. For more information, please visit trupanion. com .
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