Dental Insurance

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When most people think about the term work benefits, they are most always talking about health insurance followed closely by dental insurance. This should come as no surprise as everyone knows that you need dental insurance. Yes, dental insurance is atop many people’s lists of important job perks. But why exactly is dental insurance so important and necessary?

That answer can be found in the midst of a debilitating toothache that seems to simultaneously throw your world into one giant throbbing, aching tooth. In fact, few things that can disturb your day more than a bad tooth. This is why it is imperative that people have a good dental insurance plan. More and more employers are starting to systematically include dental insurance as part of their benefit package. It’s undeniable that dental health is very important, and doctors are emphasizing this idea each day.

Currently, only 57% of Americans under age 65 have dental insurance, through their employers compared with 85% for medical insurance. Unfortunately, many companies are being forced to take a hard look at how they spend their limited health-care dollars, meaning that dental insurance tops the list of benefits employers are looking to cut. Companies argue dental insurance is a nonessential benefit, since a patient’s total financial risk is relatively low. After all, a medical catastrophe could wipe you out financially — something that’s unlikely to happen with even the most costly dental expenses.

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Dental health can also be attributed to other physical health issues. For example, Gingivitis, which is an infection of the soft tissues of the mouth, if left untreated, can become a serious problem that could land someone in the hospital. Neglecting your teeth can be bad news when it comes to your overall health.

Unfortunately in past decades, regular dental checkups and preventive care could only be afforded by the upper middle-class and wealthy groups. So it turned out that before dental insurance became widespread, the average person did not seek regular dental checkups and saw a dentist only when something hurt really badly. Millions of people now get regular preventive care that in the past might not have done so, and the nation’s dental health is much better for that change.

But even in this day and age, there is still a large group of people that simply cannot afford to pay for any kind of dental insurance. A severe lack of finances makes it impossible to pay for any type of dental care. For people who lack proper dental insurance, dental procedures or simple regular dental checkups are often extremely expensive. If people cannot afford to pay for these treatments themselves, the result is simply that they are missing out on essential dental care. After a trip to the dentist, some people are often left with a nasty taste in their mouth, not from the experience, but after they have seen how much they owe.

The biggest dental problem that needs proper medical care is tooth and gum disease. These gum and tooth problems can rapidly grow worse and this can even result in tooth decay to a point where people suffering from these problems are not even able to properly use their teeth and help is needed. Treatment of tooth decay and seriously deteriorated teeth are unaffordable for many consumers, and if they want to avoid losing their teeth, it is important to get some kind of care that is affordable. This is another factor highlighting the importance of dental insurance.

Without dental insurance, there would be many more people across the nation who would be suffering. Furthermore, people would have to deal with the rising costs of premium dental health care. A filling for example might cost anywhere from $125-$200 depending on the region of the country where they live. Routine examinations and cleanings will cost the patient at least $75, which is nothing when compared to dental x-rays which can be over $200. Other procedures such as root canals can cost up to $1,000, and cosmetic dentistry averages $1500 to $3000, depending on the procedure.

Good dental insurance reduces the cost of routine dental care, often paying in full for one set of x-rays and a cleaning each year. That routine care can prevent many of the more expensive emergencies. Even more important, routine dental examinations can often turn up the first signs of more serious health problems – the first signs of illnesses like diabetes are often found in your mouth. Comprehensive dental insurance is one of the key ingredients in good health care.

Is dental insurance really necessary? The answer is a definite yes, check out www.thatsinsurance.com for more information

Bow Wow Meow Pet Insurance Review

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Dog Pet healthcare options are amazing nowadays; you can get radiation, chemotherapy, and diabetic care, for your pet which is almost as good as what humans receive. However unlike medical treatment for humans there is no Medicare for pets. Therefore many pet owners are now turning to pet insurance to ensure their furry friend gets the treatment they need.

In this post I will be reviewing BowBowMeow pet insurance. The cost I will provide at the end will be based on my own cat Thomas. Thomas is 6 years old and lives in NSW. The cost is an indicator only, to show you how the price varies between policies for exactly the same animal. Each pet is an individual and therefore premiums will vary. The main purpose is to review each policy’s benefits. To compare all the policies check out the pet insurance comparison article.

Bow Wow Meow Pet Insurance

BowWowMeow Insurance Coverage

BowWow Insurance is underwritten by Hollard who also underwrites, RSPCA insurance, 1300 Insurance and Woolworths pet insurance.

However you will notice that even though there are a lot of similarities between the policies, there are also a number of differences. So it is still worth comparing all your options.

BowWowMeow Insurance has three policy options

Accident Plan – Accident Plan will only cover your pet if they are injured accidentally, for example if they are hit by a car or tear a ligament.
Comprehensive Plan – This plan covers your vet costs if your pet falls ill or is injured accidentally.
Major Medical – This plan is similar to the comprehensive plan however it is cheaper and carries a higher excess which will be discussed below.

Important Facts about BowWowMeow Insurance

What are the limitations? – As with all the other policies reviewed on this website pets need to be insured when they are aged between 8 weeks and 9 years, otherwise they will not be accepted for cover. However if they have been insured prior to their ninth birthday, they will continue to be covered for life.

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What is the Rebate? – All three policies will cover up to 80% of your pet’s out of pocket medical expenses.

Is there an excess payable? – There is a no excess option for the Accident and Comprehensive Plans, however if you want to reduce your fortnightly premium you can choose to take a $100 per condition excess. If you choose the Major Medical option then there is a compulsory $500 excess.

What other exclusions are there? – Pregnancy, obstetrics, dental work special diets, grooming and behavioural problems are not covered, neither are any pre-existing illnesses. There are complaints about insurers not paying out for certain skin conditions. However the PDS states that the insurer will not pay out for anything that is preventable. Therefore if your pet has fleas or mites which have caused the skin problems then they will not be covered.

This cover is not for working animals, you require specialist cover for that.

What are the annual claim limits? The Accident Plan will pay up to $8000 per year for accidental injury. If you choose Comprehensive or Major Medical then you can choose whether to be covered for $8000 per year or $12000 per, depending on your budget.

How often to premiums increase? – Premiums are reviewed annually, however if your pet gets ill often and you have several claims in a year then you may find that your premiums will increase substantially.

Are specialist treatments covered? – Yes if it is required for the treatment of your pets. Prescriptions are also covered if your pet falls ill and they are required. However vitamin supplements are not covered.
Bonuses

Free Pet Tags – You will receive free pet tags for your pet every year you are insured.

Genuine Life Long Cover – This is a great benefit. If your pet has a chronic illness such as cancer or diabetes you can continue to claim every year for the same condition.

Multi Pet Discount – You will receive 20% off for each additional pet you have covered under the same insurer.
Summary

One of the unique offerings of BowWowMeow is that they have a number of ways you can you reduce your premiums while still ensuring your pet is covered should the unexpected happen. For example you can reduce your plan by choosing to take a $100 per condition excess or you can choose a smaller annual claim limit.

Shop around and compare policies. Choose the one you feel comfortable will give you the cover you need while remaining within your budget.

Pet Insurance Comparison

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Shopping for pet insurance can be difficult; there are a number of different insurers all with slightly different offerings.

The purpose of the pet insurance reviews is to review each of the individual policies to allow you to choose the right one for you.

This article will summarize some the policies reviewed so far. This is a work in progress so keep checking back as I will be updating the table as I review more policies.

I have provided some ideas about the sorts of information you should be looking for when comparing pet insurance in a previous article. Here are a few other things it is important to ask your insurer when doing your own pet insurance comparison.

Five Important Pet Insurance Questions

1. How much does it cost?

This is an obvious one. It is important to stay within your monthly budget, but your focus should be on the quality of the offering rather than price alone. For example some will offer lower premiums but charge you an excess, or only rebate a proportion of the claim. Sometimes you can opt for higher excesses for lower premiums, although this will only make it worth claiming for large vet bills. Some insurers will also offer a multi pet discount so it is worth asking if you have more than one furry friend.

2. How long will you cover chronic illnesses?

This refers to cover for chronic illnesses such as diabetes or heart conditions. A number of policies will allow you to claim for these expenses until you reach the annual limit for the year. When your policy is renewed for the following year, you will no longer be covered for this condition. Which means you will be required to foot the bill for chronic illness yourself. My brother had a cat that lived on heart medication for seven years this means he would have been covered for the first year and then would have to cover 100% of the bill himself. Petplan will allow you to claim for the same condition every year.

3. What is Covered? 

The reason you are looking for insurance is to receive reimbursement for your veterinary expenses if your pet is injured or falls ill. Some companies have different exclusions or waiting periods. Ensure you know what is covered and what is not, so you don’t get any nasty surprises at claims time. I have discussed in a previous post some of the questions to ask about rebates. Here are some specific conditions to ask about;

Hereditary and Congenital Conditions – Some companies will not cover conditions such as diabetes, and heart defects. It is worth asking specifically about these conditions.

Cruciate Ligament and Orthopedics – Ask insurers if they cover Cruciate ligament tears. If they say “yes”, ask if it is bilateral coverage, meaning that if one leg is affected will the other leg still be covered. Hip dysplasia is another orthopedic issue that some dogs are susceptible to, if you have a dog such as a Golden Labrador that may be susceptible to this condition hip dysplasia then you should specifically ask.

4. Do you pay a percentage of the claim or do you have an excess?

This is important as it will help you decide which procedures are worth claiming for and whether some of the routine benefits are worth paying extra for. So for example if you have a procedure that costs less than $400, having a percentage rebate of 75% will be more valuable than an excess of $100 off. But once you get into larger bills, such as a $10,000 operation to pin a broken leg, then you will get a better rebate if you only have to pay a $100 excess. Some insurers have an excess only while others offer a percentage rebate, do the math on this to decide whether it is worthwhile.

5. Do you offer any other bonuses?

Some insurers offer a number of additional bonuses, for example Petplan will reimburse some of the expenses of looking for a pet that has strayed, and third party cover for those whose dogs have destroyed other people’s property.

Summary

When shopping for insurance it is always good to call the company and ask about the policy. Remember though they will all claim to be the best value for money option, but don’t take their word for it ring around. I rang a few and found large differences in pricing.

Pet Insurance

Pet Insurance

Australians love their pets. One in three households shares their home with a dog and one in four shares their home with a cat. They are often considered our best friends, and part of the family, so if a pet is struck down by injury or illness it can put a lot of emotional and financial stress on the family.

When a pet is injured or sick the vet bills can be very expensive leaving families with the difficult decision to pay the large vet bills or have the pet euthanized. To avoid making these tough decisions many families are choosing to take out insurance to cover their vet bills.

Pet insurance pays your vet bills when your pet is injured or sick. There are two types of cover available: Comprehensive cover that pays all your surgery and medical bills if your pet is injured accidentally or falls ill: or Accident only cover that as the name suggests only covers your expenses if your pet is injured accidentally.

Here is a brief definition of Accident and Illness Cover:

Accident Cover – This is the most common type of pet insurance. This would cover your veterinary expenses if your pet were to be hit by a car and rushed to the vet. All the insurance companies offer this type of cover regardless of the age of your pet.

Illness Cover – Illness coverage is often restricted to cats between the ages of 8weeks and 8-9 years, however many insurers will cover your pet after the maximum age limit if the policy was taken out before that time.. Premiums for illness cover increase incrementally with age.

The purpose of these pet insurance reviews is to help you decide whether you need cover for your pet, and review some of the options to ensure you choose the right cover.

Most pets are healthy especially when they are young, but sometimes injury and illness can strike unexpectedly.

A number of years ago, my brother’s cat was hit by a car. She survived but she broke her hip. My brother was told that there could be a number of internal injuries but they won’t know until they operate. He was quoted $5000, to carry out investigative surgery. There was no guarantee the cat would survive the surgery or if the injuries were so bad that she may still die anyway.

My brother didn’t have insurance; and he didn’t want to put his beloved cat down so he took a loan to get her the surgery she required. She survived and lived another 10 years (with a bit of a limp).

This is a scenario faced by many families that are suddenly hit with unexpected vet bills when their pet falls ill. If they don’t have insurance they either need to take out a loan, use all their savings or have their beloved pet put down.

My brother has taken out insurance since which paid off as another cat he owned had a heart murmur and tumours on her liver and was on medication her whole life.

Are all policies the same?

There is a vast difference in what each policy offers, so it is important to shop around, and read the fine print so you know exactly what is covered. Some policies have restrictions and clauses for example, some will not cover pre-existing conditions, and some require you to take your pet in for regular check-ups and dental work. There are some that exclude specific conditions such as heart worm or cataracts.

How can I conduct my own pet insurance review?

Here are several questions to ask when carrying out your own pet insurance reviews,

Are there any limitations? – Read the fine print and ensure you understand exactly what you get for your money. If you have a breed of cat or dog that is prone to certain illnesses then check that the insurer will cover that breed. They may also refuse to insure your dog for ticks if you live in a tick prone area.

How is the rebate calculated? Many insurers will only pay between 75% and 85% of the vet fees; there are some that only pay 50% so check the fine print so you don’t get a nasty surprise at claim time.

Is there an excess payable? – Your insurer may deduct an excess from the total rebate, usually around $100. Check the policy to find out if there is and excess AND only a percentage of the costs covered.

What other exclusions are there? – Check if the policy excludes any particular breed of cat or dog. Or if certain conditions are excluded such as hip dysplasia, or certain illnesses.

Are there any limits on how much you can claim? – Some insurers have a maximum you can claim each year, which is usually between $6000- $15000. And some have maximum amounts you can claim on certain treatments (referred to as sub limits), for example you may only be able to claim $100 a year for a tick paralysis with some policies.

How often do the premiums increase? – Find out if the policy increases annually as your pet ages, or as you make claims.

Are specialised treatments covered? Find out if your pet is covered for specialist referrals such as cardiology, orthopaedics or oncology. Also ask them if complimentary treatments such as homeopathies are covered.

Are prescriptions covered? – Ask the insurer if prescriptions for your pet are also covered by the policy.

When reviewing policies shop around as there are a lot of options available. Always read the terms and conditions and always call a company and ask if there is anything you do not understand.

The purpose of this site is to carry out pet insurance reviews, so far we have reviewed Real Pet Insurance, and RSPCA insurance. We will be updating this site regularly as we review the various policies available, so keep checking back for updates.

Welcome to Macfarlanegray

Macfarlanegray wants you and your family to have the peace of mind that insurance can provide. Here are some basic questions and answers about insurance:

How does insurance help our community and society in general?
Who buys insurance?
What is insurance and why is it important?

How does insurance help our community and society in general?

Our society could not function effectively without insurance. There would be so much uncertainty, so much exposure to loss that business, as we know it, might not be able to exist. It would be difficult to obtain any type of financing of assets since very few lenders would be willing to risk funds without a guarantee of safety for their investments.

Insurance helps society by protecting assets and minimizing financial risk. Insurance helps by reimbursing people and businesses for covered losses, encouraging accident prevention, providing funds for investment, enabling people to borrow money, and reducing anxiety.

Insurance provides funds to help businesses grow and create jobs. A significant portion of insurance company premiums are invested within our economy which promotes and stimulates economic growth.

Who buys insurance?

The answer to this question is simple. Almost everyone buys insurance. Insurance protects personal assets (home, auto, individual life and health). It also protects business property, employees and the risk of third party suits against your business.

In addition, most states require insurance for automobiles and for employees (workers’ compensation).

What is insurance and why is it important?

Insurance in its many forms touches the life of virtually every person. It provides financial protection for homeowners, renters, car owners, business owners and their employees. It also provides protection for people who suffer personal injuries or property damage at the hands of others. Its value to society is enormous. However, many people don’t fully understand how insurance works or the value associated with insurance.

Insurance is fundamental in our day-to-day lives. Insurance is essentially a system by which risk is transferred by a person, business or organization to an insurance company which reimburses an insured for covered losses. Insurance also provides for the sharing of the cost of losses among all insureds.

By transferring risks to insurance companies, insureds exchange the possibility of large losses with potentially devastating financial effects for smaller, certain and manageable costs (insurance premiums).

We will assist in any way we can by reviewing Insurance so that you have a good idea of what to expect before you purchase. If you have any questions, please feel free to contact us on any insurance related matter.

Buy your car Insurance by the mile

Aviva drive app Image from internet - for Nikki
Aviva drive app
Image from internet – for Nikki

Buy Your Car Insurance by the Mile

If you are concerned about the high cost of insurance then maybe it is time for you to think about a brand new and innovative form of vehicle insurance. Pay as you go or pay per mile insurance is slowly starting to take off.

How these new pay as you go policies work

A large number of pay as you go insurance policies require you to pay your insurance premium upfront as usual, however, when you cover fewer miles than anticipated you get a refund. Some companies provide you with a quotation, which you then pay for in monthly instalments.

At the conclusion of the year, you either get a refund if you cover fewer miles than anticipated or pay a further premium in the event that you have covered more miles than anticipated. Still others let you pay a varying monthly premium that has been calculated on the miles you actually cover there is however, a minimum premium that you must pay each month irrespective of how many miles you actually cover.

The advantages of pay per mile insurance

The main advantage of pay as you go automobile insurance is that you will only be paying for your actual usage. The miles you cover are monitored by a tracker that is fixed to your car.

Should your vehicle be stolen that exact same tracker is used to find your car. In effect, you have been given a free vehicle tracker by your vehicle insurance company.

The different types of policy that are available

The majority of pay as you go insurance policies are fully comprehensive which means that you will get windshield protection, personal possessions and personal accident insurance coverage for a pretty competitive price. It is also possible to buy third party policies.

It is a great policy for younger drivers

Pay as you go insurance can be especially useful for younger drivers. Most of the firms that provide these policies will also cover new or inexperienced drivers. They may put a more sophisticated tracker in your car, but how much you pay is still largely dependent on the number of miles covered. This makes it easier for a young person on a very tight budget because they can moderate the number of miles they cover during months when money is particularly tight.

Restrictions for younger drivers

Most of these firms are willing to insure younger drivers and provide low rates if younger drivers are willing to avoid driving at particular times of the week. The time slots, which are the most costly, are usually those in which young drivers statistically have more accidents for instance, Fri, Sat, Sun and bank holidays 11pm-5am. As long as the young driver does not drive many miles and avoids the expensive periods of the week pay as you go insurance is normally less expensive when compared with standard insurance policies.

Understanding the policy

These policies are a little different from standard policies. If you are considering buying one of these policies do your research and make sure that you understand what you are buying.