Should I offer pet insurance to my employees?

Employers looking to recruit and retain talent continue to offer benefits like remote work, paid leave, matching 401(k), and dental. For many potential employees, pet insurance has become a popular amenity as a workplace benefit. Employers considering offering this benefit are looking for strong and stable pet insurance providers with whom to partner. 

Why offer pet insurance as a benefit 
Coming out of the pandemic, more households than ever are facing the costs of care and prevention for their furry companions. It’s one reason why many employers are considering pet insurance as a benefit for their employees.  

“Across the country, pet care costs are rising, and many families are choosing pets and breeds that require greater medical care," said Melissa Lovely, Nationwide’s vice president of sales. “Per the U.S. Bureau of Labor Statistics, inflation in the cost of veterinary services has risen from historical averages of 3-5% per year to 9-11% per year during the past two years. This amplifies the need for families to ensure they are well-protected in times of need.” 

Nationwide is a leading provider of pet insurance, providing care and prevention for more than 1.2 million pets. The company has been a trusted partner of businesses of every size looking to offer pet insurance as a voluntary benefit, with many Fortune 500 companies and thousands of organizations across the U.S. offering Nationwide’s pet health insurance workplace product. 

“We’ve found that employers and pet owners really find assurance in working with a trusted and respected brand to provide for their pet protection,” said David Hurley, director of voluntary benefits for Nationwide. “When people find out that Nationwide protects pets, the enthusiasm for pet insurance skyrockets.” 

Providing peace of mind for employees everywhere 
Pet insurance isn’t just for emergencies. Conditions like skin allergies, stomach issues, infections and heart disease take multiple veterinary visits, tests and medications to treat. Sometimes those conditions may require extended care – and those costs can add up! That’s why pet insurance as an employee benefit is becoming more popular.   

Prevention perks for your pet included 
Nationwide also offers other perks like VetHelpline®, which offers Nationwide pet insurance members unlimited access to phone and video consultations with certified veterinary experts at no additional cost. Nationwide's PetHealthZone® is designed to help pet parents uncover the increased health risks their pet may face, along with lots of fun information about how to love and care for them. 

Also, Nationwide’s Pet RxExpress program that gives members discounts on pet medications at Walmart and Sam's Club pharmacies, and our 10% discount at all Petco veterinary services. 

“We believe pet parents should have the flexibility to choose the level of veterinary care that aligns with their resources, values, and the needs of their pets,” says Dr. Jules Benson, Nationwide’s Chief Veterinary Officer.“By offering services like Pet RxExpress, the VetHelpline, and the Pet HealthZone, we’re broadening opportunities to meet pet families where they are, offering simple, convenient ways to support their pets’ health and wellbeing.” 

Backed by the power of Nationwide 
When you provide your employees access to a Nationwide pet insurance policy, you’ll know that the product is backed by an insurance and financial services company that has been serving its customers for nearly 100 years. Nationwide has been a leading pet insurer since it started offering the product 40 years ago.  

“Despite the recent headwinds the pet insurance industry has been facing, Nationwide is unwavering in its commitment to our pet insurance customers and business,” said  J.J. Pérez, Nationwide’s President of Corporate Solutions.“We will continue to take steps to help us navigate these challenges so we can deliver on our promise to provide exceptional service and extraordinary care for our partners, their customers and their pets – now and in the future.”  

For more information about Nationwide’s workplace pet insurance product and how to make it available to your employees, visit www.petinsurance.com.