This would be the very first time that MRXUH celebrates National Health Insurance Program (NHIP) Month in recognition of the significant role that health care programs play in every Filipino’s life.
Last Februray 25 – March 8, 2019 we have invited some of our partner HMOs (Maxicare and Care Health Plus), and Supportive Health Insurance Companies (Philam Life and Pru Life UK) to be part of creating awareness to our clients.
In the Philippines, health spending can be accounted by different sources, namely: national and local subsidies, private insurance, social insurance, and directly from the household. Sadly, out-of-pocket expenditure continues to be the main source. According to the Philippine Statistics Authority, 57% of the total health expenditure came out from private out-of-pocket of households.With the country’s new tax policy, it is understandable that the Filipinos’ would simply sweep insurance under the rug. Health insurance has been thought of by Filipinos to be an extra cost – and thus do not consider the purchase unless absolutely necessary.
Getting your health insured in the Philippines is not as difficult and expensive as others think. Securing health coverage can be convenient if you have the proper knowledge of which companies you can trust and can be most suitable with your income.
Let’s get a better overview of some insurance options suitable for all Filipino families.
Philhealth is one of the most popular Health Insurance in the Philippines. Because this company is government-subsidized, almost every employee is covered by this health care provider.
Every member is required to contribute as low as PHP200 a month, and it already includes different health care benefits. Although its health care coverage is commendable, it is not at all comprehensive as those offered by private companies.
Difference Of HMO, Health Insurance And Medical Insurance
Health Maintenance Organization (HMO) is a prepaid health care system wherein an Insurance Company handles the distribution of networks, providers, and members all in one umbrella. Health insurance on the other hand, covers pre and post care that handles an individual’s well-being. Lastly, medical insurance covers treatments at the time that an accident or disease occurs.
What Is The Difference Of Life And Health Insurance?
Life insurance is a contract where upon death of the insured, the insurer is bound to pay a lump sum of money, provided that the insured pays a premium. Payment is also possible in the event of critical illness. Health insurance is a contract between the insurance company and an individual or group that can avail services provided by third parties. Health insurance comes in the form of an HMO, PPO and Medical Insurance. For both instances, the insured pays a premium depending on what the person wants, either monthly, quarterly, semi-annually or annually in exchange of a later payment (for life insurance) or discounted services of various providers in the insurance company’s network (for health insurance).
What Should I Look For In A Health Care Insurance Provider?
First, work out a budget, this will effectively narrow down all available health care providers.
Next is to choose which plan makes the most sense based on the needs of the policy holder.
Lastly, get feedback from other customers on how the health care provider responds to insurance claims.
Why Is It Necessary For Me To Have A Health Plan?
Inpatient Care is a benefit wherein an individual looks for therapeutic consideration and treatment in the doctor’s facility due to a quick need.
This dependably prompts control wherein the benefits that accompanies it incorporates the following but is not constrained to: hospitalization, recovery, rescue vehicle charges, research center tests and medicine. Outpatient is similar to inpatient care, wherein the difference is that the person involved as exhorted by the specialists can medicate from the solace of the person’s own home or just outside the doctor’s facility.Outpatient care normally incorporates the following: well being, preventive care systems like research facility tests, ECG, Physical Exams, Chest X-Ray and Urine and Stool Analysis. Further coverage includes crisis care wherein the expression “crisis” signifies taking quick care due to a result of a dangerous occasion brought about by voyaging or just from a general mischance.
To summarize, health insurance provides financial assistance for unforeseen circumstances that may or may not happen to you in the future. Being prepared is always better than having a cure, especially if it would cost money that may hamper your cash flow.
Credit to: Phihealth,DOH,NHOP,Urban,Quora
A Big thank you to: MAXICARE, CAREHEALTH PLUS, PHILAM LIFE, PRU LIFE UK for making this event possible