Study: Michigan Pet Health Care Costs Rise 14% in 2024

Owners of pets in Michigan are paying 14 percent more for health care for their four-legged family members than they were a year ago, according to a study by Miami-Fla.-based Spot Pet Insurance.

The study compared pet health care costs from July 2023 to July 2024. Pet owners in Maine saw the largest increase at 21 percent.

Some states, including Michigan, have seen an uptick in pet-related conditions like allergies, chronic illnesses, or injuries requiring expensive treatments, according to the study.

“The 14 percent rise in Michigan’s pet health care costs is just one example of how expenses can quickly escalate,” says Trey Ferro, CEO of Spot Pet Insurance.  “As veterinary services become more advanced and specialized, pet health care is only expected to get more expensive.”

To navigate the rising expenses, Spot Pet Insurance suggests several strategies to help manage costs without compromising on pet care quality.

Routine Care and Preventative Measures: Regular check-ups and preventative care can help catch issues early, often avoiding more expensive treatments later. Maintaining routine care ensures that pet owners stay ahead of rising healthcare costs.

Emergency Fund: Setting aside funds specifically for pet health emergencies gives pet parents added peace of mind. While insurance covers many expenses, an emergency fund can offer immediate financial relief for out-of-pocket costs.

Clinic Comparisons:  While quality of care should always come first, comparing costs between veterinary clinics is important. Some clinics may offer discounts for multi-pet households or provide payment plans to spread out expenses over time.

Exploring Discounts and Payment Plans: Some vet clinics offer discounts, or flexible payment plans that allow pet owners to better manage costs. Spot Pet Insurance can supplement these savings by covering up to 90 percent of eligible costs, offering significant relief from rising bills.

Ferro also recommends getting health insurance coverage for pets.

“Pet insurance helps pet parents across the country navigate these changes with peace of mind, ensuring pets receive the care they need without the added financial stress,” Ferro says. “By investing in comprehensive coverage, pet owners can stay prepared for everything from routine check-ups to emergency surgeries, safeguarding their finances while prioritizing their pet’s well-being.”

To see a list of the top 10 states where pet health care costs are rising fastest, visit here.

For more information on Spot Pet Insurance, visit spotpet.com.