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Furry Friends

More companies are offering health insurance for pets.

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This story appears in the February 2006 issue of Entrepreneur. Subscribe »

As veterinary treatment becomes more sophisticated, the cost of medical care for pets is rising. Many people are purchasing pet insurance, and a growing number of companies are including it in their voluntary insurance offerings to employees.

Pet insurance covers the cost of animal care in much the same way that a major medical policy covers people's health-care costs. Bill Gorman, group sales manager for Veterinary Pet Insurance Co. in Brea, California, says VPI's basic policy has a $50 deductible, then pays 90 percent up to a specific schedule.

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