Philippine Health Insurance Recommendations.
Here’s a very typical query I receive here at PhilFAQS.com, where we try to answer all your questions about living in the Philippines:
… Can you advise me of a decent Insurance Plan? I’m not getting any younger and want to be prepared for when the day comes in which I’ll need major surgery. …
Thanks for submitting this question, dear reader. Also, thanks for having the forethought to even think about it.
(You can always submit your own questions here: Contact Answering reader’s questions is what I do.)
- 0.1 Scary Things
- 0.2 Accidents Happen Too:
- 0.3 First of all, you need PhilHealth
- 0.4 PhilHealth Won’t Pay Everything
- 0.5 Pacific Cross (formerly Philippine Blue Cross)
- 0.6 Medex (a United Healthcare Global Company)
- 0.7 World Nomads
- 0.8 There Are Many More to Choose From
- 0.9 You need a plan
- 1 Related Posts
- 2 Readers who viewed this page, also viewed:
- 3 Share this Article:
One scary thing I get all the time from readers are questions about “cost of living in the Philippines”, and when I check into the reader’s needs and what sort of lifestyle they are planning here, I almost invariably note they have never made any plan for health (hospitalization) insurance.
If I write back and ask them the most typical answer I get is, “Oh, I’m not worried about that, I’m in good health.”
Well my answer to that is, “Hey, good for you. There’s almost no more important good fortune you can have than to be blessed with good health.”
BUT (and it’s a big BUT), virtually no person struggling with severe health issues ever planned to be in that position. And accidents happen too. Everyone is in “good health”, until they ain’t.
Accidents Happen Too:
Also, your health may be robust and simply outstanding but “good health” won’t protect you from the speeding bus you didn’t see while crossing the street, or any number of accidental injury causes that everyone risks, every day.
My advice, to everyone reading this, young or old, married or single is the same as the old, tried and true Boy Scout motto:
OK,Dave,so how do I do that?
Glad you asked.
First of all, you need PhilHealth
If you don’t know why this is important, read my recent report here: Is PhilHealth Worth It in 2016?
Seriously you need this coverage for yourself, your wife and children (if you are so equipped) and aged parents and other close family members. At a maximum of P3600 a year (about $77 or $78 USD, PER YEAR), you can’t afford to be without this.
PhilHealth Won’t Pay Everything
You need something else to literally “pay the bills”. Ways to do that:
- Savings: Just pay cash. (not the option most of us are prepared for).
- Credit Card(s): This is a big part of my strategy. No matter what other insurance plan you may have you (or your spouse, who is paying the bills) is going to need cash on a readily available basis. I have three high limit US-issued credit cards which I only use once a year or so to keep them active and which lie in my safe deposit drawer available strictly for an even like … well, being run over by a bus. How will I pay the bills when they come in? Well that’s a whole different article, but for sure, I have to stay alive in order to pay them. It’s only money, I’ll make more.
- TRICARE: If you are a US military retiree (as I am), you should be covered by the DoD TRICARE program. Although this program has its problems here in the Philippines, it’s been a literal life saver for many retirees. The first two strategies are still important, though, becuase TRICARE (with a few exceptions) only pays “after the fact”, when you submit claims. You need to be able to fund your medical care “as it happens”, then seek reimbursement.
- Keeping Existing Insurance: This is an option I have found is often overlooked by many retirees. Does the company of government agency you retired from offer a plan to keep your existing health insurance into retirement? Don’t just “assume” you can’t use this insurance overseas, many plans make allowances for this. It likely won’t be free, but it may very well be the best option for you .
- Buying Your Own Commercial Health Insurance: If you have no other way to cover yourself, you may well want to consider this option. Here are just a few, picked in no particular order from many, plans you might want to consider.
Pacific Cross (formerly Philippine Blue Cross)
Medex (a United Healthcare Global Company)
This outfit offers many different plans for both travel and overseas living insurance. Be sure to chose a plan which EXCLUDES the USA or you’ll pay a whole lot more.
I looked recently and saw plans as low as $4 USD per day, billed yearly
Clicking on the “Get a Quote” button should work.
This is an Australian company, they offer coverage to US citizens as well. Pretty reasonable rate that I saw, as low as $2.80 a day … Worth a look.
There Are Many More to Choose From
These are just a few companies I am aware of. Google is your friend!
(before the conspiracy theorists out there start complaining, I have no business relationship with any of these companies, I’m not “selling’ any of them)
WhatI AM selling is the idea you can’t ignore the potential expenses of health care here in the Philippines. The costs here are way cheaper in many ways than what your’ll pay in the USA, but they sure aren’t free.
You need a plan
What’s your opinion on Philippine Health Insurance Recommendations.