Seattle – January 16, 2023 – Providing pet parents financial peace of mind, Trupanion, a leader in medical insurance for cats and dogs, announced today that it has paid out over $2 billion in veterinary invoices. To date, Trupanion insured pets have visited veterinarians more than 8.5 million times.
In 2020, Trupanion reached $1 billion paid out in veterinary invoices. That milestone was achieved over 20 years. Since then, the population of Trupanion insured pets has grown to over 800,000 with Trupanion paying out an additional $1 billion in veterinary invoices.
In the past three years alone, Trupanion has paid out $29 million per month, or $6.7 million per week, equating to over $959,000 per day – or $40,000 every hour paid out to veterinarians and pet parents.
“With our comprehensive coverage, unlimited payout, and the ability to pay veterinarians directly at checkout, Trupanion members can say ‘yes’ to the best treatment possible without worrying about the cost of care,” said Margi Tooth, president of Trupanion. “We are at our best when paying invoices on behalf of our members and reaching $2 billion in paid claims is a milestone that no other provider has reached quicker than us. We look forward to helping even more pet parents budget for veterinary care if and when their pet becomes sick or injured.”
The $2 billion threshold was crossed on December 28, 2022 with a payment in support of Oliver, a 12-year-old miniature Long Haired Dachshund, from Ontario, Canada for Gastroenteritis. The veterinary emergency hospital was paid directly within seconds at the time of checkout, ensuring Oliver would be home in time to celebrate the New Year with tail wags and wet nosed kisses.
Whether it’s a cruciate ligament rupture in a dog (in the last 5 years alone, Trupanion has paid out more than $100 million in cruciate invoices) or ongoing allergies in a cat (Trupanion has paid out more than $56 million on allergies), no illness or injury is too big or too small.
To date, the largest single payout for a Trupanion member’s pet is $81,000 for the treatment of aspiration pneumonia, adding plenty of more belly rubs to the life of this sweet English Bull Dog.
Just like Oliver, the miniature Long Haired Dachshund from Ontario whose invoice was paid directly to the veterinary hospital in seconds, hundreds of thousands of pet parents with Trupanion have had their veterinary invoice paid in real-time at the time of checkout.
This eliminates upfront payments for the full bill, members don’t have to wait weeks for reimbursement, and veterinarians can recommend what they believe is the best course of medical treatment – giving pet parents peace of mind so they can focus on their pet's recovery, not financial stress.
Trupanion is the only company that can pay a veterinary hospital directly at the time of client checkout.
“For Oliver, and all of the other dogs and cats out there, we will continue to work tirelessly 24/7, 365 to always be there when we’re needed for years to come, making budgeting for the unexpected cost of care possible for generations of pets and their pet parents,” added Tooth.