Each year, we celebrate National Health Insurance Program (NHIP) Month in recognition of the significant role that health care programs play in every Filipino’s life.
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.
This company is one of the most popular 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.
Formerly known as Blue Cross, it is one of the top medical insurance provider in the country. The company offers an extensive coverage for a contribution as low as PHP530 a month. This plan is definitely a go for employees and self-employed individuals.
You may also consider their peso plan which enables its members to reimburse medical benefits of up to P3 million for each disability per lifetime. It is also up to the member which hospital or clinic he/she prefers.
Also among the trusted health insurance companies in the Philippines is Medicard.
Many employers choose this insurance plan because of the low cost of premiums, and an affordable monthly contribution that can go as low as PHP650. Its extensive list of doctors and medical centers all over the country promises overall health coverage in the Philippines, even in the most distant provinces.
Members of this health care provider are allowed to be admitted in hospitals free of charge if prescribed by accredited physicians.
Insular Health Care
If we’re talking about solid reputation, then Insular Health Care is a heavy competition. Having been in existence for 106 years, this health care provider is considered to be the first and largest life insurance company in the Philippines. The company, known to provide top-notch insurance, requires a contribution that can go as low as PHP1150 a month.
The health care coverage it provides comes with corporate, individual, and family accounts. The membership package also includes free doctor fees, diagnostic laboratory test costs, and confinement fees.
Sun Life Philippines
Regarded as the best health care provider in the country, Sun Life PH received numerous awards for its outstanding service.
Many employees choose this insurance because of its money-back policy, which enables members to get a refund for up to 75% of all the premiums they paid; hospitalized or not. The PHP1250 contribution also offers financial assistance to a member who gets hospitalized.
Medical insurance is an essential life investment. Secure your family with a comprehensive health card and health plans today.
Companies in Philippines to Secure Your Healthy Future. (2017). Retrieved February 10, 2018, from https://www.philippinestravel.online/top-health-insurance-companies-philippines-secure-your-healthy-future/
10 Facts About Healthcare in the Philippines. (2017, June 16). Retrieved February 12, 2018, from https://borgenproject.org/healthcare-in-the-philippines/