Insurance terms can be confusing, but they’re important to understand so that you can compare coverage and costs properly.

The deductible is the portion of the veterinary bill you’re responsible for before your plan’s reimbursement kicks in. Most pet insurance companies use an annual deductible. Some insurance companies offer a per-incident deductible, meaning if the same injury occurs more than once in future years, the deductible will no longer apply.

Reimbursement Rate is the amount a pet insurance company pays you back for the cost of care. The most comprehensive pet health coverage will reimburse 80% to 100% of your total vet bill (after your deductible is met).