The Care We Share

Category: Eusoh (page 1 of 1)

Let’s Compare ASPCA Pet Insurance to Eusoh

Eusoh Sick of High Premiums? We Can Help!

When it comes to caring for our pets, we all want the best care possible for the lowest cost. Sifting through traditional pet insurance companies can seem like a formidable task, as there are numerous plans offering a wide range of services, all at drastically different price points. Luckily, Eusoh has taken on this challenge, sifted through the noise, and has created a cost-sharing model tailored to those looking for the best of both worlds: premium pet coverage at an affordable, shared monthly cost. 

Why Do I Need Pet Coverage? 

 Simply put, pet coverage is created so that you can rest assured that your pet will receive the best care possible, while taking into account a number of factors like age, breed, and geographic location, etc. Most traditional pet insurance providers have strict guidelines, which often limit which services are covered or reimbursed. Unlike traditional insurance, Eusoh’s cost-sharing framework provides coverage for a higher number of procedures and conditions, without the hassle, additional fees and limitations associated with traditional models. 

Our Golden Retriever, Lando, is looking for coverage

What is Eusoh? 

Eusoh isn’t about pet insurance, it’s about a new choice for pet owners. Eusoh is reinventing coverage by completely eliminating the need for costly premiums like those seen with plans from companies like the ASPCA. It allows for transparency, affordability, and happier customers, while providing full financial protection for cat and dog owners. Instead of a premium, members pay a small subscription fee and contribute to verified expenses only if and when they happen. 

Eusoh’s innovative model allows members’ monthly contributions to be limited to only what is needed. Each month, any unused contributions are rolled over entirely and credited back to the member, decreasing their next month’s payments. This ground-breaking model has successfully achieved over 50% savings for members while maintaining protections expected of conventional insurance. Building on the current success, Eusoh has been taking the market by storm by partnering with high-profile brands and making our model accessible to more customers.

How Does Eusoh Compare? 

To truly understand the benefits Eusoh’s model provides, we can compare our service with that of a more traditional insurance plan provided by the ASPCA. Like most plans, ASPCA’s baseline coverage includes accidents, dental disease, behavioral issues, illnesses and hereditary conditions. The ASPCA’s plans may include add-ons, which can cover preventative care services and other procedures that are not typically included in the baseline pricing. These costs can range from an additional ten dollars per month to nearly triple that, depending on whether or not ‘prime’ services are included. For companies like ASPCA, preventative care and prime services can include procedures like wellness exams, vaccinations, and additional diagnostic testing- all of which are included in Eusoh’s comprehensive plan!      

These extra services can vary depending on the age and medical history of the enrolled pet. Unlike other companies, Eusoh’s plan includes a wide variety of breeds and ages and we do not increase monthly costs as a result of pets aging, nor is age or breed prohibitive in joining the Eusoh community. Eusoh’s revolutionary model does not include additional or extra plans! Eusoh’s $65 (maximum) per month plan is comprehensive and includes illnesses, accidents and wellness visits. Where ASPCA has multiple levels of care depending on your pet’s health, age and out-of-pocket maximums, Eusoh has a generous $8500 maximum, so you will never need to scramble to increase your coverage. 

Click Here to Learn More About Eusoh & Sign Up

Below is the cost of an ASPCA plan for a healthy Golden Retriever1 , where add-on services are not included. This shows the substantial differences between this plan and Eusoh’s care plan. 

Pet AgeASPCAEusohSavings
3 years $995.88 annually ($82.99 p/month)
up to $300 addtl. costs 
$48 one-time deposit
$17 monthly subscription fee
($65 monthly max)     
ASPCA: 995.88+

Eusoh:  828.00

Difference
$167.88 +
10 years$2390 annually ($199.17 p/month)
up to $300 addtl. costs 
$48 one-time deposit 
$17 monthly subscription fee ($65 monthly max)
ASPCA: 2390+

Eusoh:  828.00

Difference
$1562 +

Beyond the clear difference in cost versus traditional insurance plans, like ASPCA, Eusoh offers a substantial multi-pet discount. Where other companies may offer a percentage off of a user’s monthly costs, Eusoh adjusts the monthly subscription fee for users with multiple pets.

ASPCAEusoh
10% discount applied to total cost  $10 subscription fee for 3rd and 4th pet
5th pet (and on) get a free subscription!   

ASPCA’s Rate for a 3-Year-Old

ASPCA’s per month rate for a 3 year old Golden Retriever based in Los Angeles, CA

ASPCA’s Rate for a 10-Year-Old

ASPCA’s per month rate for a 10 year old Golden Retriever based in Los Angeles, CA

Click Here to Learn More About Eusoh & Sign Up

So why choose Eusoh? 

Eusoh’s standard rate is lower than that of traditional pet insurance plans, covers services within that lower cost that are not included in the basic plans offered by other companies, and does not discriminate or adjust its rates based on the age or breed of your pet.  Eusoh is a transformative shift away from the insurance premium model that enables communities to seamlessly interlink and operate at scale, thus affording their members full coverage via a fully scaled community share model. With capped monthly costs, as well as its extended coverage of conditions not covered by the ASPCA plan, Eusoh’s cost-sharing plan guarantees that users will spend less per month than they will on any other plan out there! 

1The Golden Retriever was used in accordance with breed popularity rankings published by the American Kennel Club. https://www.akc.org/expert-advice/dog-breeds/the-most-popular-dog-breeds-of-2020/

Photo by Davide Baraldi from Pexels

New Referral Program for the Eusoh Community

*Note: This program is for members of the Eusoh community. Members are actively sharing the care with one another every month.

*Note 5/20/2021 – This program is now for users who are registered to Eusoh. This is for users who registered their email and created a password.

We have a new referral program for the Eusoh community:

Just bring a friend to Eusoh and you’ll get a $100 Amazon gift card

On top of that, we will cover your friend’s deposit. That’s $48 we will cover so they can start sharing the care with you and the Eusoh community!

Sounds too good to be true? We want to grow our pet caring community and with so many people adopting within the past year, more and more pets will definitely need the protection and the care they so deserve.

We know you have questions about this program. We’ll answer them right here.

When can I start referring friends and family?
Now

What do I have to do?
Log into the Eusoh. From the Dashboard, you’ll see a button that says “Invite Friends and Family”. There you can add their emails. They’ll receive an invitation to join Eusoh.

From the dashboard, click the big blue button and invite your friends.

What do my friends have to do?
All they have to do is join the community. That means completing registration and joining a group.

When do I get my gift card?
Once your friend has been a member of the community for 90 days, we will deliver your gift card to your email address.

How many friends can I bring in?
As many as you can, just enter their email addresses from the dashboard. Let us know if you have more.

I have a friend with a couple of pets, do I get two gift cards?
It’s 1 gift card for every person you bring to Eusoh. We really want to grow the community and so, the more people, the more diversity, the better our community is.

Why 90 days until I get make gift card?
We want to make sure your friends are committed to sharing the care with our community. 90 days is a great amount of time to join, submit and share care expenses.

Is this for real? Are you really giving $100 Amazon gift cards?
It’s true.

How will the Amazon gift card be delivered to me?
Everyone does their Amazon shopping online. So we will send it to you online, straight to your email address (The one registered to Eusoh only)

I registered my email to Eusoh but I’m not sharing expenses nor paying the subscription fee monthly, can I refer my friends?
This referral program is exclusive to members of the Eusoh community. You can complete your registration here.

Eusoh Partners With FirstVet for Online Veterinary Service

Eusoh is excited to announce a partnership with FirstVet, the largest global veterinary teletriage company. FirstVet launched in the U.S, this past October, and the company now operates in seven countries, conducting over 25,000 monthly vet consultations.

Having conducted hundreds of thousands of consults, FirstVet has determined that 65% of inquiries from pet owners can be triaged at home. This means that nearly 7 out of 10 trips to a clinic and their associated costs can be prevented with a veterinary video consult. This also means that the savings can be passed on to Eusoh members.

Why do unnecessary trips to the ER happen? Understandably, pet owners often fear that their pet’s symptoms require a trip to the emergency room when they can actually be triaged at home or via a non-emergency trip to the clinic, which is likely to cost significantly less. Pet owners can sometimes be steered by incorrect information from Google or social media, which is why FirstVet staffs its service with licensed vets with an average of ten years of clinical experience.

FirstVet’s vet consultations with the pet owner are delivered via video over the web or on FirstVet’s mobile app. Registration takes less than 2 minutes and the service is available 24/7/365.

The partnership will be launched as a pilot on January 15, 2021 and will be completely free for all Eusoh members for the first two months. During this time, FirstVet and Eusoh will be evaluating how best to offer telehealth to Eusoh members to provide 24/7 access while also ensuring proper usage to ensure balanced protection for the membership.

The FirstVet app is available for iPhone and Android devices. We will be adding a convenient link in your member dashboard to be able to access the site. You can also visit FirstVet by clicking the link below.

Eusoh community members get free access to FirstVet’s vet telehealth service.  

Click Here to Visit to FirstVet

Eusoh Reviews and Testimonials

Eusoh is a new way for pet owners to share veterinary expenses together. It’s a premium-free cost-sharing alternative to pet insurance. You may ask yourself, “Will it work for my pet?” Even though we’ve been around for a short time, many pet owners are sharing, saving, and having great experiences with Eusoh. Here’s a testimonial from a real Eusoh customer.


“My dog Remi has just successfully completed his second TTA-2 surgery to repair a torn CCL. Eusoh has been very helpful throughout this process, especially the support staff. They have shown that they care for both Remi and me, and understand the financial burden unexpected vet bills can cause, especially expensive surgeries to repair things like torn CCL’s. They have been incredibly responsive, and have made what could be a very difficult process a lot easier.”
– Tyler Mobraten, Pet Parent of Remi

Pet owners are ready for a change. Here are some comments from a veterinary blog that reviewed us.

“This is an interesting idea. I’ve heard of pet insurance, but this is the first I’ve heard of any kind of community plan. I think it’s worth looking into more closely. Thanks!
-Colleen

“I think this is really a neat concept. I love the idea of sharing versus paying high premiums. I would consider this!”
-Amy R.


“Having a pet can be costly. This cost-sharing program sounds like a great alternative to traditional pet insurance.”
-Alexis C.

We Need Your Help! Send Us a Testimonial!

2020 will be an amazing year for Eusoh. We want to continue our growth and our mission of protecting the things we love in an easier, more affordable, and simpler way. To help us do that, we need YOU!
Here’s how you can help!

Send us a video of yourself and your furry friend telling the world what Eusoh means to you. Was it our community? Was it our customer service? How did Eusoh help you and your pet? These videos will be used for our upcoming ad campaign featuring testimonials from our community members.

How do I send a video to you?

Just record yourself on your smartphone or webcam. Send us the video or upload it to the social feed on our website. If we use your video, we’ll reward you with a special gift!

video-testimonials

If you have any questions regarding sending a video, contact our Marketing Director, Joe Cayetano – joe@eusoh.com

Eusoh – What’s That?

I want to start out with two statements that I’m sure will shock you: 

  • Healthcare costs are out of control. The system is broken.
  • 93% of people surveyed do not fully trust insurance companies.

We live in a strange time when, quite often, it’s more cost-effective to pay cash for healthcare services rather than run them through insurance. Trouble is, you don’t know which is the better deal until after you’ve had to make the decision.

The incentives that drive insurance companies are grossly misaligned with the best interest of their customers.

Insurance companies spend massive amounts of money to collect and hold massive amounts of money to pay for something that might never happen. Wouldn’t it be great if we had a system that only paid for things that actually did happen?

Let’s take a quick look at how the Eusoh platform works.

  • A group of 20 people have individual contracts with each other to share an uncertain future expense. That’s 380 contracts in all.
  • The monthly platform fee is $10.
  • By contract, each member of the group maintains a deposit account of $40. There are stop-losses built into the system that guarantees that their monthly cost will never exceed $40.
  • In November; Jane submits $50 of expenses, John submits $25 and the remaining members submit -0-.
  • Each member contributes $3.75 for the losses. Distributions are made to Jane and John for their losses. The monthly fee is deducted, and drafts are made from member bank accounts or credit cards to replenish their deposit accounts to the determined level.

Now, expand the concept to 10,000 people. All have individual contracts to share some future uncertain cost. Nothing wrong with that except you’re dealing with millions of contracts and massive transfers and reconciliations of relatively small amounts of funds. It’s only recently that technology has evolved to the point of handling a challenge like this and Eusoh has harnessed that technology.

The resultant technology creates significant savings, transparency and aligned incentives. If you’ve heard of Eusoh, you see Pet care is likely what you’re aware of. As we studied the concept, we realized that the Eusoh model could be applied to an unlimited number of what the insurance industry refers to as “short-term risks.” Rather than tackle human healthcare head-on, we decided to beta another segment.

Why Pet? 

  • We wanted something that mirrored human health but flew under the radar. Nobody is going to get real upset if we disrupt the pet insurance industry.
  • Pet care serves as a proof of concept.
  • There’s room for market penetration. Only 2% of US pet owners have insurance vs. 30-40% in some European countries.
  • We found that there’s potential to make good money in the pet sector while we’re gearing up for the big game of human healthcare.

I want to spend a little time telling you how we’ve spent our capital to date:

  • The idea is worthless if it’s not legal, so we engaged a top law firm and worked with insurance regulators across the country to develop a white paper to prove that Eusoh meets regulatory requirements. A congressman, whose name you would recognize, heard about Eusoh and invited us to Washington because he wanted to learn more about it. He was very knowledgeable about healthcare and asked all the right questions. Evidently, we had all the right answers because, at the end of our meeting he said, “I’m in. You’ve covered all the regulatory issues. This is something that I can support.”
  • Next, we built the product:
  • We have an end-to-end platform that handles the payments, pricing and money transfers on an on-going basis.
  • Perhaps more important, we have armed our members with a comprehensive price list of services. I’m only slightly embarrassed to admit that It was through the Eusoh platform that I learned I was paying 4X’s more than I should for my dog’s monthly heart guard medication.
  • We have mitigated the legal risks
  • And removed many of the administrative layers of traditional insurance.

It has been an interesting trip.

  • Actuarial studies by two of the largest reinsurance companies in the world indicate that our model will save the average healthcare consumer >50% a year on insurance premiums, deductibles, and other out-of-pocket costs.
  • We have been live in the pet care segment for over a year. Our real results indicate that our members are saving 80% vs. traditional pet insurance.
  • We have an LOI with a large online provider of pet products that wants to use the Eusoh platform on a white-label basis to market their own pet care products. The launch is set for the 1st quarter of 2020.
  • We have an RFP from a national manager of multi-family properties for 400,000 units.
  • The trip to DC was surreal.

Unlike insurance, most of Eusoh’s costs are fixed. That means that once we hit scale, additional revenue will carry a gross margin of 80%.

That’s Eusoh: Innovative, Disruptive, a better way.

Eusoh a Finalist for the Digital Insurer Startup Insuretech Award

Great news! We’ve been recognized by the Digital Insurer, world’s largest dedicated knowledgebase on digital insurance, as a finalist for their 2019 Startup Insuretech Award. The award will be handed out as part of their Global Livefest 2019 festival.

The November event, will recognize the excellent achievements and digital and technological innovations in the entire insurance industry. Eusoh is proud to be one of those companies to be recognized.

Take a look at the Digital Insurer’s website for the event.

You’ll see that Eusoh is on the shortlist of the many startups making waves in the insurance industry. LIVEFEST 2019 is an opportunity to share knowledge and learn more about the digitization of the insurance industry.

Eusoh, the Innovative, Transparent, Affordable Alternative We Need

Fact: Less than 2% of pets in North America are insured.

Fact: 93% of Americans do not trust insurance companies.

Eusoh, a startup based out of Los Angeles, CA,  provides the first fully-functional alternative to insurance. Founded by a former surgeon, Allen Kamrava, Eusoh (pronounced “you-so”) offers people an option that simply wasn’t available before.  It’s a platform that protects people without taking advantage of them.

Eusoh is a community-based health coverage plan for pets. Community is at the heart of Eusoh, where members commit to help one another when their pets have unexpected health needs. Eusoh is not insurance nor a provider, but a platform that allows members to share expenses together safely and securely.

Since its launch, Eusoh members have saved 80% compared to traditional pet insurance. So what’s the secret? It’s an innovative subscription model. Eusoh members pay a flat subscription fee ($17/mo.) plus a portion of shareable expenses. The flat subscription fee covers the use of the platform. The monthly shareable expenses, (which will never exceed  $48/month), will vary depending on how many expenses are submitted by the group that month.

In the traditional insurance model, insurance company profits are tied to premiums, and, ironically, to claims. Increases in claims are simply passed on to consumers as increases in premiums. The profits of these multi-billion companies rise concurrently. It is not in the best interest of this industry to lower monthly costs for the consumer. Eusoh is unique in that it does not take a percentage of members’ contributions; therefore,  there is no incentive to drive up costs.

Eusoh compares favorably to traditional insurance in the model and in pricing. The platform protects the consumer in the form of transparent pricing. Eusoh built the first-ever searchable database of procedure pricing. This database allows members to see what other members are paying (along with what they should be paying) for services across the country. As expenses for services are  submitted, Eusoh updates its database in real-time to reflect these changes.

Allen Kamrava says about Eusoh transparency, “Markets operate effectively when information is equally and fully accessible by EVERYONE, not just a select few. Eusoh’s foundation is providing full information transparency to our users. In doing so, our members are fully-armed with knowledge so they can’t be ripped off and that drives costs down for all of our members.”

For the consumer seeking a new alternative to pet insurance, signing up is simple. Users register by email or through their Facebook account. They will be required to add a pet and fill out a questionnaire regarding their pet’s overall condition. Last, they will be given the option to join a number of diverse cost-sharing groups. 

Within Eusoh, there are groups built and populated by families, workplaces, and college alumni. There are also groups based on pet breed, religious affiliation, pet affinity, and even lifestyle. Rescues are even getting into Eusoh to provide coverage for their adoptees. Wags & Walks, one of the most prominent rescues in the Los Angeles area, have registered pets to Eusoh and its group members are currently sharing expenses together.

“The most common thing we hear from people is, ‘Wow! We wanted something like this but is it working?” says Kamrava, “Well yeah, it not only works, but it has also done beautifully over the last year, and the savings have been outstanding. We couldn’t ask for better validation than our pilot program showed in our launch year.”

Eusoh (https://eusoh.com) is a new way of paying expenses. It’s innovative. It’s different. Most of all, it’s something you must have just in case something happens to your pet.

May Savings and Procedures Shared on Eusoh

May has passed and as the Eusoh community continues to grow and grow, the more everyone saves. With summer already here and pets are out-and-about, enjoying the summer sun and heat — it’s a good time to visit the vet. Unfortunately, accidents and health issues are going to happen at this time of the year. It’s good for you and your pet to have the assurance that there is a cost-sharing and cost-solution out there.

Yes, We Saved

Here are the simple numbers for May: $19 is the average cost Eusoh members paid for the month. $19 is the cost of subscription ($10) plus the cost of shared expenses (average=$9). Compare that to the national average for pet insurance premiums, $80. It’s obvious to see how much the difference is. We’ll do the math for you: $61.

Taking that national average for pet insurance premiums, $80 and apply it over a 10-month period, pet owners are paying $800 dollars over that time. Month to month, the monthly price of Eusoh ranged from $10/month to $19/month. Altogether, over a 10-month span, Eusoh members paid on average $133. The difference between Eusoh and traditional pet insurance was astounding. We’ll do the math for you again: A $667 difference.

“You saved $667 and helped fellow pet owners while paying under $20/month for pet protection. You should be happy!”

Procedures shared

Here’s a listing of services, surgeries, and procedures Eusoh members shared in the month of May.

  • Annual checkup and shots
  • Vaccine appointment
  • Physical therapy
  • Lump exam
  • Tumor removal
  • Foreign Body in GI Tract
  • Abdominal Ultrasound
  • Arthritis treatment

And that’s just the shortlist. You can see here that the Eusoh platform and the community are there for one another. If you are considering Eusoh for your pets and you have questions, please leave us a message on our contact page. https://eusoh.com/Public/ContactUs

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HOW IT WORKS

FAQ

Eusoh: Community is Our Driver of Change

Why Community is So Important

Why Community is So Important

A frequent question we hear is, “Why is Eusoh’s emphasis on community?” Eusoh introduces a financial model that saves consumers significant money. Ironically, the emphasis on the community only further complicates our platform. Requiring our members to join community groups is a significant frictional barrier that has been an impediment for user adoption.

Experts in the Marketing and Startup fields would suggest that we eliminate all frictional barriers to registration. The addition and the requirement of the community component of Eusoh totally break these accepted norms. So why do we focus on community to the detriment of our growth?

Our focus on community introduces a behavioral component that is non-existent in the traditional insurance model. This behavioral change is a significant component of how we are drastically saving money for our members. Combined with the savings achieved strictly by the financial aspect of the platform, the overall savings have been eye-popping.

Our emphasis on the community may decrease early adoption, but we’re in this for the long haul. We are confident that an inflection point will soon give way to rapid organic growth. The setbacks now are absolutely worth the long term gain for our members.

There are several important elements to our community — the pertinent ones include collective wisdom, accountability, and security. Attaining financial security is the undeniable core value proposition of Eusoh. We wanted to take it a step further and utilize community to transfer collective wisdom and keep our members, along with their providers, fully accountable to one another.

The Insured vs. the Insurance Industry, the Modern Day David vs. Goliath

In the individualized insurance model, for everyone insured, it is them versus the insurer. The individual versus the multimillion-dollar industry, the “David versus Goliath”. This is played out when the insured needs to employ their insurance and their only option is to extract as much as they can from the insurance titans.

This extraction from insurance companies is also practiced by the providers, the facilities, and ancillary providers, all of whom are trying to get as much out of the system as possible. They all forget that, in reality, the funds they are vying for, are being crowdfunded through premiums from the members. This leads to widespread abuse in the insurance market. It is precisely this widespread abuse that has caused exponential rises in premiums that are untethered nor hampered by any market mechanisms.

For the insurers, this volatile and unobstructed model is a good thing because, at the end of the day, they earn income as a percentage of total premiums collected. If revenue functions as a percentage of total premiums, would the insurance company prefer premiums to be at $100 or $400 per month? Obviously, the latter. They achieve this by allowing the insured to operate within the most inefficient market possible — inefficiencies that only drive prices up.

Conclusion: Community Fixes the Current System

Requiring our members to join community groups changes this calculation. It re-introduces the behavioral patterns of collective wisdom, accountability, and security. All of which are mutual benefits — our members expect to receive it, and in turn, know to provide it as well. To effectuate this, there is a heightened level of transparency, which for many is yet again another barrier to entry. But our members accept this when they join Eusoh — because the cumulative effect is a force unto itself that pushes down monthly costs far lower than ever achievable by any novel yet isolated financial model.