WHY LONG-TERM HEALTHCARE?
Did you know that people age 60 and older are more likely to be confined compared to persons age 5-59? How much do you think is the average cost of basic in-patient care for sickness and injury at private facilities? It is 25,271 pesos! However, this amount would vary depending on the type of illness and the duration of treatments. Furthermore, less than half of the total hospitalization bill is paid by Philhealth. Thus, majority of Filipinos face the dilemma of shouldering most of their medical expenses such as long-term healthcare needs as out-of-pocket. [Philippine Statistics Authority (PSA) 2013 data]
Sounds alarming? Many Filipinos carry now more than ever the burden of health spendings especially for their healthcare needs during old age.
See the difference of Kaiser International Health Group from the traditional short-term HMOs in terms of offering the best services. This informative video will show you the facts you need to know to help you make the right decision in choosing the best health care provider.
Posted by Kaiser International HealthGroup, Inc. on Tuesday, March 8, 2016
One thing is clear: it can be risky to go without adequate health insurance coverage, what is even riskier is to grow old without any healthcare plan at all.
A FINAL TEST OF A GOOD HEALTHCARE
In the Philippines, Long-term Healthcare such as Kaiser Ultimate Health Builder can help you with an affordable medical plan.
KAISER Ultimate Health Builder is an HMO with a Savings Account. It has a fixed premium in 7 years (so you don’t worry about increasing premiums!). Unlike majority of short-term healthcare in the Philippines, Kaiser long-term healthcare passes the final test of a good healthcare.
First, it has both short-term and Long-term care benefits. Second, it has guaranteed renewal. Third, it has accumulated savings and investment which you can use as an emergency or retirement fund, and finally, it comes with a 20-year insurance coverage!
Did you know that for as low as 98 pesos a day (for age 10-40), you can now start planning for your future healthcare needs? That comes with more than half a million retirement fund, 20-year insurance coverage, and lifetime healthcare (up to age 100!)
CHOOSING THE RIGHT POLICY
In choosing the right policy, consider the following:
- Avail of your long-term healthcare while you are still YOUNG AND HEALTHY. Remember, insurance premium goes higher as you get older. Aside from that, it would be difficult to avail health insurance when you have already undergone medical operation or with pre-existing illnesses.
- Buy the appropriate type of coverage suffice to cover your needs.
- Compare the benefits, policy coverage, maturity, and costs of different healthcare.
With the ballooning cost of health expenses, and the risk of growing old with critical illness, availing a long-term healthcare insurance is a practical option to help secure your future. It’s more economical to pay small amounts of premium regularly rather than pay higher premiums when medical illness strikes.
For inquiries and to request for a Kaiser Long-term Proposal, contact us at CP#0933.863.7865.
Thank you for reading! Wishing you all good health and prosperity!
About the Author
Divina Gracia M. Cabaddu, is a part-time College Professor, a Resource Speaker of the Department of Trade and Industry (DTI), and a CEO-Marketing Director of the International Marketing Group (IMG). As part of her advocacy, she is actively conducting financial literacy lectures to impart her knowledge on healthcare as part financial planning.
Disclaimer: The information here is complete and true to the best of the author’s knowledge. All recommendations presented are made without guarantee. The author and website disclaim any liability in connection with the use of this information.
