Embrace Pet Insurance Quarter 1 2024 Highlights: Pet Health Trends and Rising Costs of Veterinary Care
Key Highlights from Q1 2024:
- Record-Breaking Claims: Embrace covered many substantial claims, including
$37,633 for a Golden Retriever involved in an accident and$36,098 for another Golden Retriever suffering from upper esophageal sphincter dysfunction. - State-Specific Costs: The highest average claim costs were seen in
Washington D.C. ($592 ),California ($519 ), andWashington ($489 ). - Rising Average Costs: Across all states, the average claim cost was
$449 , marking a 17.5% increase from 2021. - Trend Insights: A noticeable increase in specific claims was observed, including a 248% rise in osteoarthritis claims among Shepherd Mixes and a 31% increase in epilepsy claims for all breeds.
- Pioneering Treatments: Embrace supported groundbreaking medical care by covering more than
$60,000 in claims for a mixed breed dog who underwent surgery at theUniversity of Florida , for one of the first open-heart mitral valve surgeries inthe United States . UF is the onlyU.S. center offering this advanced procedure.
"Our first-quarter highlights show how crucial pet insurance is when it comes to affording these skyrocketing vet bills," said
To review Embrace's detailed report, please visit Embrace's 2024 Q1 Report.
For more information about
About
Media Contacts
[email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/embrace-pet-insurance-quarter-1-2024-highlights-pet-health-trends-and-rising-costs-of-veterinary-care-302138794.html
SOURCE
Doug Brown, Senior Vice President of Value & Access, COEUS, Appointed by the Government Accountability Office to the Medicaid and CHIP Payment and Access Commission (MACPAC)
AM Best Affirms Credit Ratings of Popular Life Re
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News