An annual deductible is the amount you pay for covered treatments per year before your insurance begins to reimburse you. There is one annual deductible per pet.
Unlike per-incident or per-illness deductibles, it doesn’t matter how many times your pet goes to the vet for an injury or illness each policy year, you only have to meet the deductible once.
The annual maximum is the most we will reimburse you per pet each policy year. The annual maximum does not include the deductible and copay amounts you pay.
This is the percentage of the covered allowable charge that Embrace is responsible per pet. The reimbursement percentage is what you’ll get back from your claim after your deductible is met.
Choosing Your Policy Parameters
You can personalize your policy parameters to meet the needs of your budget and your pet’s needs by increasing or decreasing coverage.
Our rule of thumb is to pick the highest coverage that you can comfortably afford when you sign up. You can reduce coverage if needed, but increasing coverage resets your pet’s waiting periods.
Decreasing coverage lowers your premium and will not impact your coverage.
Examples of decreasing coverage:
Increasing your annual deductible. For example, from $300 to $500
Decreasing your annual maximum. For example, from $10,000 to $8,000
Decreasing your reimbursement rate. For example, from 90% to 80%
When increasing coverage, your pet will be subject to re-underwriting, including waiting periods. This means that any illnesses/conditions that occurred prior to the upgrade date, even if you haven't seen a vet yet, will be considered pre-existing and will not be covered moving forward.
Examples of increasing coverage:
Decreasing your annual deductible. For example, from $500 to $300
Increasing your annual maximum. For example, from $10,000 to $15,000
Increasing your reimbursement rate. For example, from 70% to 90%
If you have any questions about adjusting coverage or choosing your policy parameters, contact us.