The Care We Share

Category: Insurance (page 1 of 1)

Pet Insurance: Who Really Needs It And Why?

Covering the needs and value of pet insurance.

Pets, just like humans, provide unconditional love, greatest care, and valuable companionship, and often times, they greatly contribute to the unexplainable happiness of their owners. As such, the majority of pet owners are already considering their pets as real members of their family, and with the strong bond that both have shared, there is no denying the owners want to give their pets the best care possible; however, giving the highest quality of care and treatment to your pets comes with a price.

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Photo by cottonbro on Pexels.com

Several trips to a veterinary clinic alone can already cost you money and worse, you may have to pay an even larger amount of bills in case your pet gets injured or gets an illness. But breaking the bank for routine pet care or for your pet’s medical bills is avoidable through the most affordable and most comprehensive pet insurance plans.

Why do I or rather, why does my pet need pet insurance? 

Unforeseen circumstances such as pet accidents, injuries, and illnesses are undeniably inevitable. Before these unfortunate situations happen, it is best to be prepared with a thorough pet insurance plan for the inevitable stack of costly medical bills.

But remember, pet insurance plans vary depending on the type of policy and coverage you choose. For instance, some pet insurance companies have separate policies and coverage for different types of illnesses and treatments your pet may incur. There are new alternatives to insurance like Eusoh, which has very comprehensive coverage. Their community covers accidents, illnesses, and even wellness at a reasonable price. Companies are now using newer technologies, like the sharing economy to drive down overall rates.

How much will pet insurance cost me per month?

By now, you are probably wondering if getting a pet insurance will be a burden to your pocketbook instead of being beneficial. Quite frankly, the cost of pet insurance varies depending on certain factors like age, breed, pre-existing conditions, and even location. For the most part, the average cost pet owners pay monthly for a healthy furry pal ranges from $40 to $70, and that does not include full coverage yet while some companies have pet insurance policies that cost more than $100. 

Here’s where Eusoh stands out from the rest. Eusoh’s unique model greatly helps the pet owner by 1. Providing the most comprehensive pet protection service. And 2. They guarantee their members will never spend more than $65 per month. Monthly rates are capped so you know costs will never get out of control. 


Looking for an honest review of pet coverage? Here’s one from Great Pet Care

Eusoh Review: An Innovative and Cost-Saving Alternative to Pet Insurance


What exactly does pet insurance cover?

As mentioned in the first section, pet insurance serves as a helping hand in covering the veterinary bills of your pet. In case of emergency veterinary treatment,  you need not worry so much about the expenses because your pet insurance plan will reimburse you a high percentage of your costs. But again, you have to remember that medical costs of  veterinary procedures are either covered entirely or in part by your insurance company based on the type of plan you have for your pet.

Do I really get reimbursed for procedures and services I submit?

For most policies, when your pet needs immediate veterinary consultation or routine care, you will need to pay out of pocket first. As soon as you have the veterinary receipt, you can file a claim by submitting the receipt to your pet insurance providers, which will do the review and evaluation. When the claim is approved, you will receive reimbursement. 

However, as mentioned earlier, your plan and your insurance policy will be the basis whether the whole medical cost will be covered. Your coverage and reimbursement will be at the behest of the policy you agreed and signed up for. It is worth noting that some insurance companies only reimburse 60% to 80% of your pet’s total bills. 

New alternatives to pet insurance, like Eusoh, have the same procedures and same protocols as their traditional counterparts. There is even a submission process that can be done on desktop computers or mobile devices. But the differences end there. The funds that Eusoh members deposit when they open their account are only used to share expenses with the community. In order to use this platform is just a $17 a month subscription.

Pet insurance shouldn’t be difficult, but many companies make it that way. And this hurts pet owners’ pocketbooks. New alternatives are emerging that make true community sharing possible for an affordable price.

5 Types of Insurance Millennials Need For 2020

Being prepared is the best way to avoid panic. Being ready for anything will help you to stay calm, sum up the situation quickly, and proceed with more efficient, capable action.”

Young generations such as Millennials and Gen Z’ers brush off the thought of having insurance for some reason. It’s either they seem themselves as being fit as a fiddle or their income is modest enough to pay for their bare essentials; Thus, they are understandably cautious and hesitant when the subject of saving and investing comes around. This is one of many reasons why there are young adults who are underinsured. 

Having insurance may seem like an unnecessary expenditure if you have debts to pay or you’re in perfect health. However, like the line from the movie, “Life is like a box of chocolates, you never know what you’re going to get.” It’s important to have some sort of insurance for the unexpected surprises life throws your way.

The most needed and most popular insurance products in the US

  1. Health Insurance

A doctor consultation in the United States can be quite expensive. For an initial consultation, the cost ranges from $100 – $200 while specialist consultation fee is at $250 minimum. What’s more is that the average hospital stay charge costs $10,700, which most low-income and middle-income people cannot afford to pay, especially if they lack funds for emergency purposes.

With health insurance, Millennials and Gen Z’ers need not worry too much about unexpected hospital costs as your chosen health insurance company pays a portion of your medical bills. Some of the essential health benefits included in health plans in the U.S. are emergency services, outpatient care, hospitalization, laboratory tests, maternity, and newborn care among others.

  1. Auto Insurance

Car accidents are one of the most common personal injury accidents in the U.S. which could result in rollover collisions, single-vehicle collisions, rear-end collisions, side-impact collisions, and side-swipe collisions. These losses for the crashes could make you financially responsible, and without auto insurance, the expenses would be thousands. 

Through car insurance, property damage and bodily injury claims are covered; it is important to note that car insurance price is significantly lower as compared to the huge amount of money millennials and Gen Zers have to shell out in case of a car accident.

  1. Pet Insurance

To provide the best health care for pets, veterinary practices have changed over time. With the advancement of technology, equipment and facilities have been upgraded to the most modern version; however, this comes with a higher veterinary fee. By buying a traditional pet insurance plan, you have the assurance that in times of costly emergency veterinary treatment, surgeries, routine care, and/or orthopedic services, there is an insurance company to help you save money. The average pet health insurance cost which does not offer complete coverage is from $40 to $70 while others charge $100.

If you are looking for the most affordable plan at nothing more than $65 with the most comprehensive pet protection service, go for Eusoh, a community health sharing plan similar to a pet insurance company that reimburses wellness expenses and routine veterinary visits. With the help of Eusoh, you do not have to stress yourself out on the veterinary cost; rather, you can focus more on your pet’s health and wellness.

  1. Renter’s Insurance

While the landlord’s policy covers the building structure such as the foundation, roof, fixtures, furnaces, and walls, the renter’s property inside the apartment unit is insured by renter’s insurance policy. In the event of natural disaster, fire, and theft, it goes without saying that the renter’s possessions are in a vulnerable situation. Buying new clothing, furniture, appliances, and electronics would be very expensive, especially for millennials and Gen Zers who are just starting out with their career. 

This is where renters insurance comes into the picture. The policy takes charge of the cost to repair or replace damaged or lost items. Tenant insurance also includes repairs for someone else’s damaged property as well as injured visitor’s medical bills if the renter is responsible for the harm incurred.

  1. Travel Insurance

Going on an international trip is truly beautiful as there are many striking places waiting to be explored not to mention the different cultures and lessons you will discover, but it comes at a cost. Foreign travelers are more vulnerable to thieves; accidents may happen; political turmoil and natural disasters are inevitable; trips may have to be canceled. 

Without the existence of travel insurance, dealing with an emergency situation would be expensive to handle. For millennials and Gen Zers, they may give it a second thought about whether to buy travel insurance, but doing so for global trips would give you peace of mind.

The Bottom Line

Purchasing insurance may seem to be a big investment for all generations, and the younger generations are not open to putting their money on a plan which does not yield immediate return, but long term planning should be the major goal of millennials and Gen Zers. 

Unfortunate events are inevitable but with the right insurance, worrying about major money troubles would be the last thing on your mind. Insurance reimburses claims through cash as a single payment or through monthly payouts; thus, insurance is known as a financial security net. 

Photo by Guilherme Stecanella on Unsplash

Eusoh – Disrupting The Pet Health Care Industry

The Problem – Insurance Companies

The insurance premium model ties the insurance companies’ profits as a proportion of your monthly premiums. This means that the more expensive coverage is for you, the more money the insurers make. 

We see the effects of this in healthcare magnified to the extreme. They have allowed every possible inefficiency to creep in, as they all lead to higher monthly costs while protecting them from blame. 

We need a better system that aligns interests as a core principle.

The Solution – Eusoh Health Care

Eusoh solves this by introducing the first-of-kind, flat-fee subscription model. Eusoh’s fees are 100% not connected to its users’ monthly costs of coverage. Regardless of how high or low monthly fees are, Eusoh makes the same amount of money. Because of this, Eusoh has no incentive to drive up costs. This allows Eusoh to run a model that is simply fair. 

How is Eusoh superior to traditional pet insurance?

  • Flat-fee subscription of $17/month
  • No premiums
  • Zero incentive to increase costs
  • Pricing transparency of vet costs

Transparent Pricing – Know What You’ll Pay

Ever wonder how much you should be paying for something at the vet? Why don’t any of the insurers help with this BEFORE you pay? 

Eusoh is the only coverage platform that offers a pricing list accessible from any screen with an internet connection. Twenty-four hours a day, Eusoh members have up-to-date pricing that reports what users on average are paying for any given veterinary service. Pricing transparency at this level drives down costs, something insurance companies do not want, as it drives down their profits, but again, Eusoh operates under a better model.

Eusoh Helps You Know Your Costs Up Front.

  • Unlike insurers, you’ll know the costs before you pay
  • Pricing list accessible from any screen without internet
  • Users get up-to-date pricing on average vet costs

Eusoh takes transparency to a whole other level. Members have the choice to join small community groups that contribute to one another slightly more than others. Don’t worry, every Eusoh member enjoys the full support of the entire membership at large, but members can choose to join smaller community groups that contribute slightly more to one another. Members can see how much each other is contributing or expensing. All of this works to limit fraud and abuse, which ultimately drives down their users’ costs. 

Eusoh has partnered with some major partners – Willis Re, the 3rd largest reinsurance brokerage globally. Jacoby and Meyers is offering it as a benefit for their employees. Even Wags & Walks has their own community group on the Eusoh platform. 

How it Works – Signing Up 

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 health. 

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, has registered pets to Eusoh and its group members are currently sharing expenses together.

Signing up and getting started is easy!

  • Register with email or Facebook account
  • Add your pet and fill out a short questionnaire
  • Join a group and you’re done 

To date, members have averaged about 70% in savings against equivalent coverage with a traditional insurance plan. Yep, 70%. That’s not a typo and that number is huge! Don’t waste time. Protect your pet and your wallet and join Eusoh today.

Rising Health Costs Are Coming Your Way

*This article concerning health costs came from the New York Times. It was written by David Leonhart and it was published on July 19, 2019. Link

My health care is a benefit. Your health care is a cost.

That widespread attitude has long hurt political efforts to hold down medical costs. When people hear that the government (or an insurance company or a hospital) is taking steps to reduce health care spending, they get nervous about being denied medical care.

You can probably see the problem: Someone has to pay for medical care. And to some extent, we all pay for each other’s care, through both taxes and private insurance. Ultimately, an unwillingness to say no to health care spending leads to higher costs for everyone.

That’s one reason that Americans have the world’s highest medical costs. (Another reason is that doctors, drug companies and other parts of the American health care industry make a lot of money.) We struggle to say no even to health care that doesn’t make us healthier. Cardiologyprostate care and obstetrics are three examples, among many, of fields where high-cost care often brings no benefit.

All of which brings me to the sad story of the Cadillac tax.

During the long debate over the Affordable Care Act a decade ago, the Obama administration was one of the only forces for fiscal conservatism — that is, trying to hold down health care spending. Congressional Republicans could have pushed for cost-saving measures, but instead they just opposed any effort to insure the uninsured. Many congressional Democrats, especially in the House, had no interest in policies to hold down spending.

Now that the Obama administration is gone, an important part of the health care law seems likely to die: the Cadillac tax. Had it gone into effect, the tax would have applied to expensive insurance plans — that is, those with relatively few restrictions — as a way of encouraging companies and workers to use more efficient plans. A few years ago, though, Congress delayed it, and on Wednesday the House voted to repeal it. The Senate seems likely to follow. Being in favor of unconstrained health spending is politically easy, even though it’s bad policy.

Labor unions are probably the best example of the perverse politics of medical spending. Unions have always opposed the Cadillac tax, out of fear that it will deny needed medical care to their members. As a result, the unions have ended up effectively pushing for expensive health care plans that quietly pinch their members’ paychecks.

The sharp rise of health spending in recent decades is one reason that wage increases have been so weak. As Paul N. Van de Water, a health care expert at the Center on Budget and Policy Priorities, told Abby Goodnough of The Times, the tax was “one of the A.C.A.’s most important cost-containment measures” and could have led to pay increases.

For more …

“Rather than killing or delaying the Cadillac tax, Democrats should be trying to make it operational. The tax would raise revenue, lower costs, increase the efficiency of the tax code and give the Obamacare individual market its best chance at success,” Karl W. Smith wrote for Bloomberg Opinion. “Instead, Democrats have set up that market for more turmoil.”

Sarah Kliff, then of Vox, explained in 2015 how the threat of the Cadillac tax was already holding down health costs. “Opposition is getting fiercer because the tax is working,” she wrote.

The Urban Institute has published a research paper with suggestions for improving the Cadillac tax rather than abolishing it.

For the other side of the argument, see Janet Trautwein, who works at an insurance industry trade group, or Stan Dorn, a consumer advocate. Core to the case against the tax is the idea that wasteful health care is not a meaningful contributor to overall costs.