My husband and I are both retired and too young for social security. Our income is fixed through state retirement funds. We do have some saved for a rainy day fund but we took out an insurance plan just as we would have for a child. It's one of those things you hope you never have to use but is there if/when you do.
We chose Pet Plan with the lowest deductible and best coverage thereafter. We only pay $50 deductible and then are covered 100%. Our cost is around $425 a year but it is within an acceptable range for us.
When we retired, we worked out a budget that is working well for us. A certain amount of money has to be saved each month to get us through all the annual payments we have such as property taxes, house insurance, etc. We simply added her insurance to that list of annual bills and adjusted accordingly. |