Health is wealth, yet many Filipinos are unprepared for medical expenses. According to Manulife studies, 41% of medical costs come out-of-pocket. Furthermore, 82% of Filipinos worry about rising healthcare expenses, impacting their confidence in achieving life goals. Younger Filipinos, aged 18-29, are also at risk -- experiencing illness more frequently than any other age group.
Your ability to live better and build wealth is closely tied to your health. Health insurance is key to your financial security, providing essential coverage during your working years. Without it, even a minor medical emergency can derail everything you’ve worked for. Ensure better days ahead with comprehensive health protection. Protect your health, protect your wealth, and look forward to better days.
Our priority is to protect your financial stability as healthcare costs rise, especially due to critical illnesses. Manulife's comprehensive health and medical insurance offers critical illness and life coverage from early diagnosis to recovery, supplementing your government health insurance.
Health insurance plan, also known as medical insurance, health plan, health coverage plan or health care insurance, is a financial product that covers portions of individuals or families’ eligible medical expense and healthcare cost in exchange of premium payment.
Specific coverage of a health plan can vary depending on the policy and the insurance company. Typically, health insurance plans in the Philippines cover for a wide range of healthcare services and medical expenses. This may include hospitalization, outpatient care and coverage of critical illnesses and serious health conditions.
Additionally, some health plans in the Philippines may offer life coverage for better-rounded protection.
There are several main types of health insurance plans available in the Philippines:
It offers more flexible and customizable coverage options, ranging from basic hospitalization to comprehensive outpatient, hospitalization and preventive care. Some private insurance types may provide higher benefit limits and coverage for a wider range of health care services compared to PhilHealth.
The program is funded through mandatory contributions from employees, employers and the government. This government-mandated health insurance program only provides basic medical coverage for Filipino citizens. Its benefits have standardized, fixed reimbursement rates that may not cover the full medical expenses.
While Public health plan provides a basic level of healthcare coverage, having a private health insurance in the Philippines can offer enhanced benefits, greater flexibility, and stronger financial protection, especially for individuals and families with specific health care needs or preferences.
Faster Access to Health care
Private health insurance plans may have higher benefit limits, allowing policyholders to access more expensive medical treatments and procedures without facing significant out-of-pocket expenses, which currently account for 44% of total health spending ().
This can be particularly important for managing the costs of critical illnesses or serious medical events.
Freedom of health care choice
With higher benefits limits, policyholders also have more freedom to choose their preferred health care providers, including specialist doctors and private hospitals.
This can be important for individuals who value personal relationships with their health care providers or prefer accessing specialized care.
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