Provide you and your family with the best healthcare possible with a health insurance policy. Check out our comparison of the top health insurance policy and start investing in your health as soon as possible.
Coverage | Premium Starts At | Eligible Age | COVID-19 Coverage | Other Coverages | Maximum Coverage | Coverage Period | Years to Pay |
---|---|---|---|---|---|---|---|
₱535/month | Upon request | ✔️ | Critical Illness | Up to ₱2 million | Until 100 years old | 10 or 20 years | |
₱2,487.92/month | Upon request | ✔️ | Critical Illness | Up to ₱1 million | Until 75 years old | 5 or 10 years | |
Upon request | 0 to 70 years old | ✔️ | Critical Illness | Up to ₱2 million | Until 100 years old | 5 or 10 years | |
Upon request | 0 to 65 years old | ✔️ | Critical Illness | Up to ₱4 million | Until 100 years old | Upon request | |
Upon request | 0 to 65 years old | ✔️ | Critical Illness | Up to ₱3.75 million | Until 85 years old | Upon request | |
Upon request | Upon request | ✔️ | Critical Illness | Upon request | Until 100 years old | 10, 15, or 20 years |
Health insurance is a type of insurance that covers all the costs incurred from the insured’s medical expenses. Depending on the coverage, your health insurance can help cover consultations, emergency room services, hospitalization, and other medical services.
The main reason why you should get health insurance is to avoid paying expensive medical expenses. Healthcare in the Philippines isn’t as accessible and affordable compared to most countries. And while PhilHealth provides basic health insurance for most Filipinos, their coverage is barely enough to cover minor illnesses, let alone major ones.
When it comes to you and your family’s healthcare, you’ll need all the financial help you can get. So while everyone in your family is still healthy, you should consider getting a health insurance policy to ensure that an emergency medical situation won’t lead to financial ruin.
Health insurance and health maintenance organizations (HMO) offer almost the same services. The only difference is that HMOs are only limited to their network. So for example, if you have an HMO from Medicard, you can only avail free medical services from Medicard-accredited clinics and hospitals. Also, your employer usually handles your HMO coverage for you.
Meanwhile, health insurance offers a more comprehensive coverage on medical services. You can also use your insurance on any medical facility. And unlike HMOs, health insurance comes with more value-added benefits. The downside is that you have to process your health insurance yourself and you have to pay the premium out-of-pocket.
Coverage | Critical Illness | Minor Illness | Medical Coverage | Income Continuation | Preventive Care | 24/7 Medical Support |
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✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ||
✔️ | ✔️ | ✔️ | ✔️ | |||
✔️ | ✔️ | |||||
✔️ | ✔️ | ✔️ | ✔️ | |||
✔️ | ✔️ | ✔️ | ||||
✔️ | ✔️ | ✔️ | ✔️ |
Most insurance providers have started offering complimentary COVID-19 coverage to all of their insurance plans. So if you’re looking to financially secure yourself against COVID-19, getting a health insurance policy should be a good route to follow.
Yes, most health insurance providers offer group and family insurance plans for households with more than two members. Some even offer discounts on premiums when you add more people to your health insurance plan.
Annual premiums for health insurance can cost you at least ₱40,000. The price of your premium can go either higher or lower depending on your insurance provider’s review of their policies.
Nowadays, it’s more convenient than ever to pay for your health insurance premium. Most providers accept payments from the following methods:
Health insurance premiums are usually paid annually. You can also choose to pay monthly, although that will cost you more. If you can afford it, you can also shell out a one-time payment. Premiums for younger clients tend to be cheaper as well, so consider getting health insurance while you’re in your 20’s or 30’s.
Don’t just pick a health insurance provider without taking a look at your options first. You need to consider all your choices because not all health insurance policies are the same. Before signing the dotted line, ask yourself the following questions:
When choosing your health insurance, you shouldn’t just consider the one with the cheapest premium. These are the important factors you should consider instead:
When you get hospitalized due to an illness, it’s important to inform your insurance provider right away. And once you’re able to process it or once someone can help you do it, here are the steps you can take to file a health insurance claim:
1. Prepare the necessary documents for filing a claim.
2. Fill up the necessary claim forms from your insurance provider.
3. Send all the documents and proof to your insurance provider.
4. Receive your proceeds through the approved payment channels.
Here are the most common requirements for each type of health insurance claim. Your insurance provider may require more documents in addition to these:
For personal accident:
For medical expenses:
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Ready to secure your health? Check out our extensive guides on health and life insurance below.
COVID-19 Coverage of Health Insurance
Did you know health insurance providers are now covering COVID-related cases? Find out how you can secure your own in this guide.
Don’t make the mistake of choosing a life insurance policy just because it has a cheaper premium. Take these factors into consideration first.