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Tuesday, February 16, 2016

Why Prioritize Your Healthcare?


"Health care is not a privilege. It's a right. It's a right as fundamental as civil rights. It's a right as fundamental as giving every child a chance to get public education."  --Rod Blagojevich
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Have you asked yourself these two important questions?

Question#1. What if I die too soon? Who will take care of my family?

Question#2. What If I live too long? Who will take care of me?

Most of employed individuals are covered by healthcare provided by their companies. And take note that the coverage of their healthcare is only during their employment. Once they quit their job, their coverage stops. The scary thing is, most of our health issues and concerns occur even after we retire. 

There are two kinds of healthcare available in the Philippines, the Short Term Healthcare and the Long Term Healthcare. Let's enumerate the difference between the two.

Short Term Healthcare
-Renewal not guaranteed if with high claims
-Yearly increase of premium until age 60
-Generally, no insurance coverage. Some provide insurance, but very low coverage.
-No accumulation of unused health fund.
-No Return of Premiums (ROP) for non-utilization.
-Cover only up to age 60.
-Pre-existing illness is not covered during the 1st year & lifetime/permanent exclusions may be issued on the 2nd year renewals.
-Not flexible, non-transferable benefit design.
-Reinstatement is limited only within 30 days of lapsed policy.
-Continuous yearly payment terms.

Long Term Healthcare
-Renewal is guaranteed
-Fixed premiums for 7 years
-With four (4) way Insurance Coverage up to the Long Term Healthcare Plan:
      a. Term Life
      b. Accidental Death and Dismemberment
      c. Waiver of installment due to death
      d. Waiver of installment due to permanent and total disability
-All unused health fund accumulates with interest.
-With return of premiums up to 85% of contract price for non-utilization during the paying period.
-Covers beyond age 60 with long term care yields*.
-Pre-existing is not covered during Accumulation Period. No exclusions after the 7th year of coverage*.
-Flexible, transferable, up-gradable and maybe re-dated benefit design.
-Reinstatement within 2 years of lapsed policy.
-Seven (7) years of spot-cash payment options.
*subject to availability of accumulated health funds.

Kaiser International Health Group, Inc.  is a registered health care provider in the Philippines that offers Long Term Healthcare. Kaiser is far more than an HMO. While HMOs cater to both group and individual accounts, Kaiser's product is geared to address the long-term care needs of individuals especially after their employment and retirement years.


You can check for HMO (Health Maintenance Organization) in your area and choose the plan which is best for you. Always start with your healthcare, especially if you are the breadwinner of the family. Always remember, it's better be safe than sorry.


Going back to the above two important questions, I'm sure you already have your answer. 

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