Health insurance is something that many Filipinos need, but not everybody would have it. If you are planning to invest in health insurance but you might be confused as to where to start. This article is meant to be a guide for you on how to get health insurance.
What is health insurance?
Health insurance would provide financial security and would prevent a family or individual from going broke because of a medical or health issue. Many Filipinos would have savings, but no form of health insurance. When they find themselves in a medical emergency, there would be almost no savings left because all of the money will be spent on the illness.
Almost everybody in the country would be covered by PhilHealth. That is the government’s healthcare system. It is quickly improving, but it is not nearly enough to cover all the medical expenses of a family.
Sometimes, even if a family is covered by PhilHealth, and a member of the family gets confined, PhilHealth will only cover a portion of the costs. This is why it is important to still invest in medical insurance.
How to choose a health insurance provider
When we are choosing anything, it would be the default to look at the cheapest type of policy. But then when it comes to health insurance, it would be a good thing to still look at other factors instead of going for the cheapest one right away.
What to consider?
What is included in the policy?
You have to look at the inclusions of the policy. This is the coverage you are going to receive from the company in case you have a medical emergency. You have to analyze to see if you will have coverage as both an inpatient and outpatient. That would be the most ideal coverage.
If they only offer outpatient services, it would mean that if you will need to be confined in a hospital, the insurance will not cover it. If you are confused about all of these terms, it would be wise to talk to a representative or specialist for the insurance company before you agree to any plan.
Some companies will also provide a monthly allocation for vitamins and some would do reimbursements for any money spent on medicines. This might come at an extra cost, but it would be worth it in the long run.
Look at their list of affiliates
Which doctors are they affiliated with? Which medical centers and hospitals would you be able to go to for service if you choose to get insurance for them? These are important considerations that you have to consider.
Most of the big insurance companies would be affiliated with all the big hospitals and medical centers. Consider which locations would be closest to you, in case of emergencies. Choose an insurance provider that has affiliates in those medical centers and hospitals near you.
When buying health insurance…
You have to make sure that you consider what your family needs. If you have a family member that is prone to getting sick, it might be a good time to consider getting health insurance coverage.
If you have health insurance at your workplace, you have to consider getting another health insurance plan, especially if you use the healthcare plan a lot. This means if you have a family member who gets sick frequently or has a chronic illness.
It would be wise to talk to a representative of the company. They can be able to answer all the questions you might have. They can help you get the most for your money.
It is the job of these representatives to make sure you understand what your policy is all about. The first step would be doing online research and then reaching out to a representative.
Kaiser Insurance has great quality plans that can help you and your family overcome any medical emergencies. Get in touch with a representative today!