Everybody wants the best for their pets, and the last thing you want is a bad cat insurance company. It was my search for the best cat insurance that led me to Eusoh.
I’m not fond of regular, traditional companies. It’s not innovative, unique, or exciting in any manner. Eusoh was an insurance company that was different from the rest. I appreciated their unique approach to an otherwise cutthroat industry.
Eusoh works on a peer-to-peer business model and is financed through crowdfunding, which is an incredible deviation from the norm.
Its deviation also makes it one of the best pet insurance for cats on the market currently.
If you’re as curious as your cat already, then read on to find out more!
Why Is Cat Insurance Important?
Before diving into Eusoh’s policies, it’s essential to understand why pet insurance is necessary. There are a couple of reasons in particular:
Peace of Mind: Nobody wants to see their cat in pain or unable to get treatment. With insurance ready, you’ll never have to worry about your cat’s health costs or treatment.
Budgets Health Care: If you know how much money to set aside per month, then it becomes easier to budget the costs of your cat.
Get The Treatment They Need: Vet bills can be pretty high in certain situations. Having insurance keeps you from choosing between financial health and your cat’s health. They can get the treatment they need without any hesitance or debt on your part!
Can Save Lives: Getting your cat the help they need because you don’t have to worry about the cost has to be the easiest way to extend their lifespan. Affordable cat insurance can easily save your cat from losing one of their nine lives!
Founded in 2017 by a doctor frustrated by traditional insurance companies, Eusoh follows an entirely new model.
It’s a community health sharing plan that is transparent and available to anybody who requires it.
Unlike traditional insurance companies, Eusoh doesn’t take a single dollar as profit. It runs on the community’s contributions.
So, if you’re a part of the Eusoh community plan, then you can be assured your claim will be accepted.
- It covers more than traditional insurance
- Transparent structure
- Referral bonus
- No age limit
- Use of any veterinarian
- Variable monthly cost
- Coverage not available for pre-existing conditions
- Thirty-day waiting period
- One-year commitment
- Community-based health plan
- Members of the plan share the cost of vet bills
- Coverage includes reimbursement for accidents, illnesses, and wellness care
- Transparent structure
If you’re a part of the Eusoh group, then you’re pitching in to share the cost of treatments at zero extra costs.
Whether it’s your cat or another member’s pet, the burden of the bill is split, unlike at a traditional insurance company.
From pricing to overall functioning, the company is transparent about where every penny is going.
Apart from the membership fee being taken to run the company itself, everything else goes towards your cat.
The referral bonus at Eusoh is definitely more generous than at traditional companies.
Your pet can be at any age to sign up for insurance; there’s no discrimination.
As long as your vet is licensed, the bills are accepted, and you can claim your money back.
The monthly payments you’ll be making are never fixed. Although it’s capped, it’s not fixed to a certain amount.
Depending on the requirement, you might have to pay more or less in addition to the membership fee!
If your feline has a pre-existing condition, then they’re not covered under Eusoh.
It’s a huge con for those with cats who have had major issues in the past and continue to require treatment.
Unless you’ve been a member of Eusoh for 30-days, you can’t collect or ask for any reimbursements.
If you don’t stay at Eusoh for a whole 12-months, then you’ll be forfeiting your deposit.
Since the monthly payments are constantly changing depending on the requirement, you also can’t customize your payments.
Eusoh doesn’t have multiple plans you can choose from; everyone’s on the same standardized plan. The plan is a joint cost-sharing community.
Each group contains anywhere between 10 to 400 members, and all members can see exactly where their money is going!
The plan itself covers the following:
- Exam fees
- Lab tests
- Continued treatment
- Genetic conditions
- Preventative care
- Specialists’ fees
- Alternative care
- Medical boarding
- Cremation or burial costs
For those who are confused as to how Eusoh’s standardized policy works, here’s a step-by-step guide!
Step 1: Choose a licensed veterinarian that you trust and get your diagnosis and treatment!
Step 2: Pay for the treatment with your own money. Don’t forget to collect invoices and receipts to submit to the community.
Step 3: Take photos of the receipts and invoices showcasing the total expenses to submit to the Eusoh community.
Step 4: Based on the national average pricing and accounting for the pricing differences around the country, you’ll get reimbursed!
Eusoh And Other Pet Insurance For Cats
Eusoh isn’t the most traditional insurance policy – human or other. The five top insurance companies are being compared – two U.S based insurance companies and two Canadian insurance companies. So, let’s compare them!
Name of Insurance
2. Healthy Paws Insurance
4. Petplan Pet Insurance
1. Accident and illness coverage with an optional wellness package.
2. Accidents, illnesses, cancer, emergency care, genetic conditions, alternative care, etc.
3. Policies cover up to 90% of eligible expenses.
4. Co-pay of 10%, 20%, or 30% after deductible.
5. No coverage on pre-existing conditions. Everything else is covered by community contributions.
1. Must be 8 weeks
2. 8 weeks to 14 years at the time of enrollment
3. From birth to 14th birthday
4. At least 6 weeks to enroll
5. No age limit
All About Cat Insurance
Before you even opt for specific insurance – Eusoh or not – it’s best to know what to look for. So, before you go asking for a cat insurance quote, please take a look at this!
How Does Affordable Cat Insurance Work
Cat insurance – when affordable – simply works by covering the cost of vet bills. The insurance policy will generally cover unexpected accidents and illnesses that you can’t cover yourself.
However, the insurance isn’t free; you do have to pay monthly premiums. These will be as high or low as you choose, depending on your policy and the company you select.
Again, these are traditional insurance companies.
Eusoh has a standardized plan for all members. Since the way Eusoh works is completely different, the premiums, coverage, etc., are a little different, as explained before.
Apart from the monthly premium, you’ll have a deductible (the amount you’ll be responsible for paying before your insurance kicks in).
Based on your policy, there will be a certain number of accidents, illnesses, etc., covered by your insurance!
Who Is It For
If you’re wondering whether cat insurance is for you, then the answer is – yes. Much like insurance for your car or yourself, cat insurance is vital when you have the responsibility of a cat.
Whether you’re getting cheap cat insurance or something all decked out, having it ensures that you can finance any treatments for your precious cat.
Not only does it mean there’s less strain on you financially if something happens, but it also provides your cat a better life.
Vet bills are usually a pain and can pile up high, so taking the stress off your shoulders is the most useful part of an insurance policy.
It’s especially true if you have an ageing cat. Illnesses and treatments pop up from nowhere with old cats.
Hence, having insurance will make sure your old cat gets the best care.
What To Look For
When looking for the best pet insurance for cats, you’ll need to keep in mind a few things!
Cost: If you can’t afford to pay for a higher deductible, opt for a slightly higher monthly premium. Otherwise, make sure the premium or deductible works with your budget.
Age: Keep the age limits in every insurance policy in mind when opting in. If your cat is slightly older or very young, they may not fit the requirement.
What you want to be covered: Finally, you need to make sure everything you want to be covered is in the policy. Most policies cover accidents and illnesses, but some have started to include advanced treatment coverage and wellness plans covering routine vet care.
Eusoh is a new approach to pet insurance. While we know cat insurance companies to be greedy and searching for ways to deny our claims, Eusoh works on the principle of a community.
While I am more inclined to unique and innovative companies in their approach, nobody can deny how well Eusoh works.
It embodies the spirit of the saying ‘it takes a village to raise a child’ and applies it to the real world.
So, as far as cat insurance for my lovelies goes, there’s nothing better than Eusoh!
Frequently Asked Questions About
If you still have any concerns regarding Eusoh being a good pet insurance for cats, check out the following section!
How do you know you won’t pay an excessive amount in premium at Eusoh?
Eusoh works as a community plan, so you’re paying a premium that will cover the costs of your group. Knowing that some months’ costs may be higher than others, Eusoh has put a cap in place.
At no given month will you be paying higher than $48.
However, if you’ve paid a lot in one month and it isn’t used, it’s pushed to the next month. So, if you pay $48 one month and there’s still money left over, you’ll be paying much less the next month.
The amount you pay for the premium does not include the membership fee!
What are you paying for with the membership fee?
Eusoh is a non-profit organization. This means that none of the premium money is used toward the maintenance and working of the company, let alone as profit.
So, the membership fee you pay goes toward the maintenance of the whole organization.
As a company, Eusoh makes no profits. It does not benefit from denying claims, upping membership fees, charging extra premiums, etc.
If you’re still worried about the money, you can always trace the path it took yourself!
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