Saturday, August 24, 2013
As America’s affection for animals grows, employers are beginning to offer health insurance for pets as an employee enticement and retention tool.
Veterinary Pet Insurance, the nation’s largest pet insurer, offers policies at a third of Fortune 500 companies and about 3,400 other companies and associations.
VPI, which covers 61% of this niche market with half a million pets insured, will offer pet insurance to companies with over 100 employees. Chipotle Mexican Grill began offering this benefit in 2002. Only about 100 of its 3,000 eligible employees take advantage of it, but now is the time to buy pet insurance as the increasing cost of health care makes insurance relatively affordable.
See Sue Manning, More and More Employers Offer Health Insurance for Pets, Tampa Bay Times, Aug. 15, 2013.