Fortune 500 Companies Offering Veterinary Pet Insurance Benefit
It has been reported that one of every three Fortune 500 companies is offering Veterinary Pet Insurance (VPI) to their U.S. employees. VPI is touted as the nation’s largest and oldest provider of pet health insurance.
The benefit is voluntary and in the last two years alone, VPI reports that more than 1,000 companies have added their insurance as a benefit. This discounted plan is available to 67 million people through 3,000 associations and organizations nationwide.
Deana Single, director of group accounts for VPI, shared, “With more than 63 percent of U.S. households owning at least one pet, offering pet health insurance to employees is both a practical and unique benefit option. Each year we see a substantial increase in the number of large companies and associations that are looking for new and enticing ways to incentivize and compensate employees. By adding VPI Pet Insurance to their voluntary benefits package, employers can offer a fantastic incentive to pet-loving employees at no cost to the company."
With the offering of VPI Pet Insurance as part of its benefits package, these company employees are eligible for a five percent discount on their policy’s premium. Most plans start at around $14 per month but plan options and premiums vary to between $25 and $35, on average, per month. Deductibles tend to range between $100 and $1,000, according to VPI.
VPI was founded in 1982 and at present insures over 485,000 pets. They cover dogs, cats, birds and exotic pets for multiple medical problems and conditions relating to accidents, illnesses and injuries.
For more information, visit their official website at www.petinsurance.com. Also find VPI Pet Insurance on Facebook or follow @VPI on Twitter.
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