Co-payment Example

Mr. Green’s Policy:

  • Medical Coverage selected: £4,000

  • Claim Contribution selected: £100

  • Co-payment: 20%

Mr. Green receives his first vet bill of £1,000 for a new condition. Mr. Green will have to pay the claim contribution of £100 and 20% of the total bill, which is £200. That means Mr. Green’s total payment towards the bill will be £300 and we will pay the remaining £700. Mr. Green’s remaining coverage for vet fees will be £3,000 for the rest of the policy period.

If Mr. Green has to take his pet back to the vet during the same policy period and receives a vet bill of £500 for the same condition, Mr. Green will only have to pay the 20% co-payment. That means, Mr. Green will have to pay £100 and we will pay the remaining £400.

His remaining coverage for vet fees will now be £2,500 for the rest of the policy period.