Health Insurance Plans In The Philippines

Knowing the types of health insurance plans in the Philippines helps you choose the right plan for you and your family. These plans provide benefits in case of sickness or disability. They shoulder medical expenses due to illness, injury or preventive care.

Philhealth. This is the government health plan for workers in public and private sector. Membership is required. It is voluntary for self-employed and others. Its low premium intends to provide universal health care in the Philippines. It is low on coverage also.

HMO. A Health Maintenance Organization provides medical services on prepaid basis. Members pay to avail of preventive care and early treatment through regular check ups and physical exams. Accredited doctors, clinics or hospitals provide the care or treatment. Most coverage ends at age 65.

Medical expense. These health insurance plans in the Philippines reimburse related expenses. Or they provide benefits for physical exams, drugs, hospitals or services of doctors. Documents are required as proofs. Delay in reimbursement frustrates people sometimes because of the requirements and time needed to check the papers.

Hospital cash plans. Also known as hospital income, they pay benefits for hospital confinement due to injury or sickness. There is no worry about accreditation because you can choose the doctor or hospital for your treatment.

Critical illness. These plans pay upon diagnosis of any of the covered critical illnesses. They help pay for high cost of treatment because a critical illness usually drains the family finances. You can choose where to seek treatment because benefits are fixed and paid in cash. You are covered beyond age 65.

The critical illness insurance of Manulife Philippines covers 35 major diseases for men and women. You can also attach hospital income benefit. The policy addresses three main concerns – dying young, critical illness and living longer. There is death benefit in case of death, cash benefits in case of critical illness and cash benefits at age 85.

These types of health insurance plans in the Philippines should help you get the right plan for you and your family. It is in your best interest to get one or a combination of several plans now...

Click here to see the different types of life insurance policies. You may add a health plan rider on your life policy.