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Is There Health Insurance In The Philippines

Local Vs Public Vs Private Hospitals In The Philippines


“Local Emergency hospitals are normally for maternity so no x-rays just a bed and a couple of nurse. Broken arms, etc. are transferred to the nearest public hospital, but their conditions are very, very 3rd world and you could wait for hours to be attended. Also you must have cash up front before anything is done ie, x-rays etc. Private hospitals are faster and better conditions, but are expensive, and again cash or credit card is necessary up front. You will not be allowed to leave the hospital until full payment is made. Locals can leave after signing promissory notes. This is breaking the law, but hospitals still carry on this practice regardless,” explained one expat.

From The Life Insurers

For 2018, a total of 25,706 stand-alone healthinsurance policies were issued by life insurance companies. It insured a totalof 745,800 lives at a generated premium income of P7 billion .This means that most of the health insurance policies were group policies. Forcomparison, in 2017, a total of 17,406 health insurance policies were issued toindicate an increase of 47.68 percent from 2017 to 2018. In all, 605,309 liveswere insured to indicate a 23.21-percent increase from 2017 to 2018. Finally,premium income in 2017 was P5.6 billion to indicate a 25.56-percent increase from 2017 to 2018.

The top 10 life companies providing healthinsurance are: 1) United Coconut PlantersLifeP3.55 billion 2) Asian LifeP2.53 billion 3) FWD Life InsuranceP336 million 4) Philippine AXALifeP289 million 5) Insular LifeP204 million 6) Sunlife GrepaP122 million 7) Fortune LifeP89 million 8) Pioneer LifeP38 million 9) BPI PhilamP20 million and 10) Philam LifeP13 million . As can be seen,United Coconut Planters Life is the industry leader in health insurance withalmost half of the premiums earned. Asian Life is at second place in 2018.

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Is There An Age Limit For Availing Of Health Insurance

As you grow older, it is likely that you may suffer from serious ailments. Treating such diseases is becoming expensive with increasing inflation. Securing your financial stability especially during your senior years when you primarily depend on pension income is crucial.

Availing of a health insurance for seniors is recommended and you may opt for a comprehensive cover available for individuals aged between 65 and 80 years. This ensures that you do not face a financial crisis in case a sudden medical emergency arises.

Although insurance companies offer plans for people at any age, it is better to avail coverage at an early age. Here are three benefits of purchasing medical insurance early.

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Philippine Health Insurance Corporation

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Philippine Health Insurance Corporation

Headquarters Citystate Centre, 709 Shaw Boulevard, Oranbo, Pasig
Area served
Dante B. Gierran, CPA, LLB ” rel=”nofollow”> President and CEO)

The Philippine Health Insurance Corporation was created in 1995 to implement universal health coverage in the Philippines. It is a tax-exempt, government-owned and controlled corporation of the Philippines, and is attached to the Department of Health. Its stated goal is to “ensure a sustainable national health insurance program for all”, according to the company. In 2010, it claimed to have achieved “universal” coverage at 86% of the population, although the 2008 National Demographic Health Survey showed that only 38 percent of respondents were aware of at least one household member being enrolled in PhilHealth. Nevertheless, this social insurance program provides a means for the healthy to pay for the care of the sick and for those who can afford medical care to subsidize those who cannot. Both local and national governments allocate funds to subsidize the indigent.

Health Insurance In The Philippines

Plans and promises: Presidential bets on health

Medical costs in the Philippines may be a lot lower than most westerners are used to, but if you are paying these expenses out of pocket they can easily become a heavy burden on your personal finances, especially if you develop a chronic condition that requires long term treatment. The only way to truly protect yourself from the high medical costs around the world is with a health insurance plan. We can offer locally compliant international health insurance plans for the Philippines that are globally portable and guaranteed renewable for life, so that you can be assured no matter where you go in the future, you will have the quality protection that you deserve.

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Private Healthcare In The Philippines

Private healthcare is widely available in major cities. Most hospitals in the Philippines are privately run. For those who can afford it, treatment in private hospitals is excellent. Many specialised treatments are available and the standard of care is high.

Although expensive by local standards, services at these institutions are relatively cheap for many expats when compared to what they would pay back home. The Philippines is even becoming a popular destination for medical tourism thanks to the low cost and high standard of services offered at private facilities, most of which expect cash payment upfront before commencing treatment.

Health Cards For Kids

You can also have your kids covered by an HMO account. In order to save on medical expenses, card holders may have their kids covered by their accounts but you can also avail of products specifically for them.

Although it would mean additional expenses, you will have better peace of mind and financial security during times when your kids get sick.

See the best HMO for kids options that you can avail.

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Healthcare In The Philippines

In a step that is very much akin to developments in the USA, Filipino President Arroyo has set aside P3.5 Billion for the revitalization of the nations healthcare services. With a goal to providing approximately 23.5 million poor Filipinos with quality healthcare the National Insurance Health Program was slated to begin with the country’s 2008 budget.

The Philippines has a history of unsuccessfully spending large amount of money on public welfare projects, however this time there could actually be a difference. The government is planning on shaping up the medical systems that focus on Filipino nationals and then using any excess revenue towards luring foreigners to Philippine hospitals for medical treatment.

The cost of healthcare in many western countries has risen dramatically in recent years and because of this, countries such as Thailand, Malaysia, Singapore and Indonesia have all seen large numbers of foreign nationals visiting for the sole purpose of receiving low cost, high quality healthcare. The Philippines however, has had to struggle with a widening wealth gap and a myriad of infectious diseases that are indigenous to the archipelago. These factors have combined to slow the growth of the country’s healthcare system and stifle the ability of hospitals and clinics to retain their qualified staff as Filipino doctors and nurses are frequently being lured away from the country with promises of much higher paying contracts overseas.

Equity In Nhip Coverage

Healthcare Options in the Philippines

Our study showed a decline in socio-economic inequalities in NHIP coverage after the mandatory NHIP coverage for older adults, as indicated by the increase in coverage between 2003 and 2017. Between 2003 and 2008, several laws were enacted, such as the granting of additional benefits and privileges to older adults, subsidies for NHIP premium contributions for indigent members by LGUs and the national government, the enrollment of an additional 4.2 million poor families into the NHIP, and the allocation of 2.5% of government revenues from taxes on sin products to the NHIP, which contributed to a substantial increase in new coverage .

With advancements in NHIP coverage expansion and increased allocation for NHIP premium subsidies, out of pocket spending remains to gather the majority portion of total health expenditure, covering 53.7% in 2014 . Utilization of healthcare services largely depends on the households ability to pay, with the share of PhilHealth in total health expenditure at only 14% .

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How To Choose The Health Insurance For You

When choosing a health insurance provider, most of us would probably look for providers that offer the cheapest premiums. However, like any other package, cheaper premiums could mean limited services or limited accredited physicians or hospitals. But a health insurance policy is an important investment and worth scrutinizing. The things you should consider when choosing a good health insurance provider are:

Health Insurance In The Philippines: Cost And Plans

If youre an expat or tourist visiting the Philippines, you must have a health insurance plan. Many expats in the Philippines choose to join PhilHealth under the Informal Economy member-category which will be approximately 2,400 – 3,600 per year. There are also private insurance options like Pacific Cross. However, these plans are often more expensive, especially if youre older or have previously existing conditions.

If youre a foreigner, you can purchase a short-term health insurance policy from a provider of your choice.

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Best Health Insurance Plans For Senior Citizens In The Philippines

Health is wealth. At least good health brings the wealth, but poor health drains it with medical bills that your family may have to pay with hard-earned savings or even loans when badly needed. This becomes more problematic in senior years. Budgeting a strict fund is harder with deteriorating health. As you grow old and start to live on a pension not having to worry about medical expenses is a huge relief.

Health maintenance organizations and insurance companies offer to shoulder expenses to maintain good health or treat arising illnesses upon availing their policy. You pay a small amount for huge returns as deductions or reimbursements from your bill. There are many health insurance plans to choose from. Whether youre looking for the perfect retirement gift for your parents or for yourself, we have rounded up the factors to consider before availing seniors health insurance, as well as the best policies in the country.

The Spanish Era: 1565 1898

Lower costs can help reset Filipino mindset on health care ...
Further Information: Spanish colonial period

As the Spanish were exposed to the unfamiliar environment of the Philippines, they were stricken with foreign disease. To combat this, they created hospitals specially for their health. Some of the first health institutions in the country were handled by Spanish friars.

Hospital Real

Built in Cebu in 1565, Hospital Real was the first hospital in the Philippines. It was relocated to the Manila to accompany the government. The hospital aimed to nurse the Spanish army and navy, those inflicted with disease, and military casualties. Miguel Lopez de Legazpi had permission from King Philip II to set up the hospital exclusively for Spanish soldiers and sailors, whereas it denied service to Spanish and mestizo women.Although Hospital Real received funding from the Spanish Government, it lacked finances, manpower, and supplies. Administration of Hospital Real was transferred to both the Order of St. Francis and the Confraternity of La Misericordia. Hospital Real was destroyed during an earthquake on June 3, 1863.

Hospital de Naturales

Hospital de San Lazaro

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Overview Of The Filipino National Health Insurance System

All Filipino citizens are entitled to free healthcare under the Philippine Health Insurance Corporation, known as PhilHealth. This health insurance program is government organized. It is funded in part by government subsidies at the local and national level. Its also financed through company payroll deductions. In addition to emergency and urgent care, Philhealth subsidizes inpatient health care and non-emergency surgeries. However, it does not cover all medical treatments and costs.

In early 2019, new legislation shaped the scope and future of PhilHealth. Filipino President Rodrigo Duterte signed the Universal Healthcare Bill, known as the UHB, into law. The bill was designed to incorporate all citizens into the PhilHealth system, not just those in the workplace. Previously, informal workers, the unemployed, and others were not well covered by the health insurance system.

PhilHealth now has two categories. Some people can pay premiums and those who are unable to do so. This largely applies to the unemployed and the elderly. In the case of those who cannot pay, the government will sponsor their insurance coverage. People in both categories receive the same basic level of services, while those paying higher premiums are eligible for more benefits.

How To Get A Health Insurance In The Philippines

For most of the health insurance products or programs in the country, you can apply online.

You would be contacted by a representative and depending on the product and company, you might have to go through some medical examinations.

If you are working, your human resources department will provide you with assistance or take care of it all for you.

Whats more challenging is choosing the right insurance if you plan to avail of one voluntarily.

These tips should make the selection process easier for you.

1. Create a list of your top HMO or private health insurance providers.

Make sure that you check with hospitals and clinics in your area if they are accredited health providers of those on your list.

2. Assess the coverage offerings of your top choices and compare them with your medical needs.

For instance, if you have a pre-existing condition or you are planning to have children in the future, you should get a plan from an insurance provider that offers coverage for those.

3. Contact their representatives, ask for a quote and compare.

Dont hesitate to talk to health insurance agents to know more about their products and specifically, how much they cost. Most agents will be happy to help you decide on the best plan based on your needs and preferences.

4. Consider your budget.

Everybody wants a premium health insurance for sure but it might not be practical if its going to eat up a huge chunk of your earnings and if you dont need some of those benefits anyway.

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How Does The Healthcare System Work In The Philippines

Healthcare in the Philippines is delivered via both the public sector and the private sector. While the public healthcare system in the Philippines is accessible and free to use for all citizens via the countrys PhilHealth scheme, the private sector is responsible for providing most of the healthcare in the country, with a significant number of citizens having their own private health cover.

The standard of public healthcare in the Philippines can vary dramatically. While the public hospitals in cities such as Manila offer a very high standard of care, provision in rural areas can be poor and in some cases citizens may live hours away from a hospital or clinic.

Medical staff in the Philippines are well trained to deliver high standards of care, although the countrys healthcare system does suffer due to the volume of doctors and nurses who move to work overseas.

The Filipino Private Healthcare System

Top 15 Health Insurance Companies Here In the Philippines

The private health sector caters to 30% of the population and is based on North American medical models. If private is the route youll take, youll be glad to find out that its not only widely available in major cities, but actually a majority of hospitals in the Philippines are privately run. Medical services in private hospitals are frequently touted to be held to a higher standard, but that also means it comes at a higher price. Expats may find private health insurance plans are more affordable than those from their home country. The high-quality, low-cost private healthcare system has put the Philippines on the map not only for medical tourism, but even permanent relocation. But even if youll just be visiting there for a short while, youll need to know that providers expect cash upfront before you can be treated.

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Specialized Care And Addiction Treatment

The war on illegal drugs is brutal. Thousands of suspected drug dealers have been shot on sight. Additionally, there are lengthy prison terms for those caught using illicit substances. Fear of death from street violence and police encounters has encouraged many users to voluntarily surrender. Unfortunately, government-run rehabilitation centers are operating beyond capacity. They have become places of refuge from police brutality and street justice. Physicians are frustrated that they can no longer offer services like one-on-one counseling. And activists complain that the underlying causes of addiction, including hunger and poverty, are not being addressed. In other words, it is a frustrating and deadly situation. In conclusion, seeking treatment overseas is the preferred option for expats and Filipinos with financial resources.


Impact Of The Philhealth Indigent Program: A Discontinuity Regression Design

To overcome the weaknesses of the matching method, the results of which depend mainly on the model used to estimate the propensity score, we completed our analysis of impacts by using the discontinuity regression design, which is much more robust and accurate.

This method consists of comparing the consumption of healthcare services between dependents just above and below the age of 21 years. To this end, the indigent dependents were divided into two groups. The first group includes dependents between the ages of 16 and 20, and the second one comprises those between the ages of 21 and 25. This method assumes a reasonable similarity between the two groups of dependents. To verify this hypothesis, we compared the two groups mentioned above according to four criteria: gender, level of education, state of health, and socioeconomic condition. As presented in Table 10, the test for differences between the means of the two groups shows that there is no significant difference between them for all the selected criteria.

Table 10 Descriptive statistics for two groups of dependentsTable 11 Discontinuity-regression-based impact estimates of PhilHealth on indigent dependents

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