Health insurance, just like any other financial product that you wish to acquire, requires research and complex decision making. You need to figure out which option is best suited for your needs and your budget. It is important to consider all the actual details as most companies tend to be creative on how to sell their product, so to make it easier for you, we have collected relevant information that can help you decide which one is right for you.
For additional resources, your can read through our comprehensive health insurance articles below to learn more about the topic.
In the comparison table below, we have listed down information that matters. From the Maximum Benefit Limit (MBL), plan benefits such as inpatient care, outpatient care, emergency care, dental care, and most importantly, how much you would have to pay per month. Go over the details and take time in making your decision, before spending your money.
All pertinent HMO quotes displayed below are assumed to be premiums paid by a 25 year old male/female.
Product & Insurer | Maximum Benefit Limit | Cash Out | Pre - Existing Condition | Outpatient Benefit | Accidental Death | Monthly Premiums | Apply |
---|---|---|---|---|---|---|---|
FWD Insurance The One Life Insurance ![]() |
100% of benefit amount | Your beneficiaries will receive a cash benefit when you pass away due to an accident. |
510 |
Apply | |||
Pioneer Personal Contingency Plan 1 ![]() |
500,000 | 500,000 (includes accidental death, dismemberment or disablement) |
720 |
Apply | |||
Generali Group Personal Accident Insurance ![]() |
Up to 265,500 monthly | 30,000 Personal Accident 30,000 Group life Insurance 1,500 Reimbursement 15,000 Permanent Disability |
135 |
Apply | |||
FWD Insurance BIG 3 Critical Illness ![]() |
P2 Million benefit amount |
149 |
Apply | ||||
Pioneer Personal Contingency Plan 3 ![]() |
1,500,000 | 1,500,000 (includes accidental death, dismemberment or disablement) |
1190 |
Apply | |||
Pioneer Personal Contingency Plan 2 ![]() |
1,000,000 | 1,000,000 (includes accidental death, dismemberment or disablement) |
990 |
Apply | |||
Medicard VIP Plan Suite ![]() |
700,000.00 | 20,000.00 |
5578.58 |
Apply | |||
Medicard VIP Plan Large Private ![]() |
450,000.00 | 20,000.00 |
3811.08 |
Apply | |||
Medicard VIP Plan 250,000 ![]() |
350,000.00 | 20,000.00 |
2090.00 |
Apply | |||
Medicard VIP Plan 200,000 ![]() |
250,000.00 | 20,000.00 |
1762.42 |
Apply | |||
Medicard Plan 8,000 ![]() |
50,000.00 | 20,000.00 |
745.75 |
Apply | |||
Medicard Plan 18,000 ![]() |
120,000.00 | 20,000.00 |
1521.42 |
Apply | |||
Medicard Plan 15,000 ![]() |
100,000.00 | 20,000.00 |
1309.00 |
Apply | |||
Medicard Plan 10,000 ![]() |
60,000.00 | 20,000.00 |
836.75 |
Apply | |||
Maxicare Silver ![]() |
60,000.00 | 25,000.00 |
1199.17 |
Apply | |||
Maxicare Platinum Plus ![]() |
200,000.00 | 25,000.00 |
3458.83 |
Apply | |||
Maxicare Platinum ![]() |
150,000.00 | 25,000.00 |
1923.50 |
Apply | |||
Maxicare Gold ![]() |
100,000.00 | 25,000.00 |
1453.83 |
Apply | |||
FWD Insurance KanMend - Critical Illness Insurance ![]() |
100,000 |
150 |
Apply | ||||
FWD Insurance KanLive – Life Protection Insurance ![]() |
200,000 | 200,000 cash benefit |
150 |
Apply | |||
Insular Life iCARE C ![]() |
150,000.00 | - |
2028.33 |
Apply | |||
Insular Life iCARE B ![]() |
120,000.00 | - |
1386.67 |
Apply | |||
Insular Life iCARE A ![]() |
100,000.00 | - |
1155.00 |
Apply | |||
Fortune Care Plan 900 ![]() |
180,000.00 | - |
1123.83 |
Apply | |||
Fortune Care Plan 800 ![]() |
160,000.00 | - |
1089.17 |
Apply | |||
Fortune Care Plan 700 ![]() |
140,000.00 | - |
1054.50 |
Apply | |||
Fortune Care Plan 600 ![]() |
120,000.00 | - |
1020.00 |
Apply | |||
Fortune Care Plan 500 ![]() |
100,000.00 | - |
1003.50 |
Apply | |||
Fortune Care Plan 1000 ![]() |
200,000.00 | - |
1255.08 |
Apply | |||
Fortune Care Plan 1500 ![]() |
300,000.00 | - |
1454.67 |
Apply | |||
Etiqa Insurance MyLife+ Plan ![]() |
100,000 | Up to PhP 100,000 Accidental death and dismemberment benefit. |
1,700 |
Apply | |||
Eastwest Health Option 2D ![]() |
250,000.00 | - |
1455.58 |
Apply | |||
Eastwest Health Option 2B ![]() |
100,000.00 | - |
779.25 |
Apply | |||
Eastwest Health Option 2A ![]() |
80,000.00 | - |
670.08 |
Apply | |||
Eastwest Health Option 1D ![]() |
250,000.00 | - |
1687.33 |
Apply | |||
Eastwest Health Option 1C ![]() |
150,000.00 | - |
1139.00 |
Apply | |||
Eastwest Health Option 1B ![]() |
100,000.00 | - |
891.67 |
Apply | |||
Eastwest Health Option 1A ![]() |
80,000.00 | - |
763.25 |
Apply | |||
Eastwest Health Option 2C ![]() |
150,000.00 | - |
989.50 |
Apply | |||
BIMA Personal Accident Insurance ![]() |
210,000.00 | 210,000.00 (includes disability due to accident) |
70.00 |
Apply | |||
AXA Health Max ![]() |
10,000,000.00 | 20,000.00 | Apply | ||||
FWD Insurance KanGuard – Personal Accident and Terrorism Insurance ![]() |
Up to Php500,000 Accidental death and dismemberment benefit. |
150 |
Apply |
According to the latest statistics available in the country’s public insurance system, PhilHealth (June 2013), 85% of the working class are enrolled in the system. Since 1991, there had been major changes on how the Filipinos view health care, mostly through active involvement of the private sector accounting for 50% of the health care system in the Philippines.
Health Maintenance Organization (HMO) is a prepaid health care system wherein an Insurance Company handles the distribution of networks, providers, and members all in one umbrella. Health insurance on the other hand, covers pre and post care that handles an individual’s well-being. Lastly, medical insurance covers treatments at the time that an accident or disease occurs.
Life insurance is a contract where upon death of the insured, the insurer is bound to pay a lump sum of money, provided that the insured pays a premium. Payment is also possible in the event of critical illness. Health insurance is a contract between the insurance company and an individual or group that can avail services provided by third parties. Health insurance comes in the form of an HMO, PPO and Medical Insurance. For both instances, the insured pays a premium depending on what the person wants, either monthly, quarterly, semi-annually or annually in exchange of a later payment (for life insurance) or discounted services of various providers in the insurance company's network (for health insurance).
An insurance policy is typically a plan the insured chose. Insurance policies are not made alike resulting to different amount of premiums, pay-outs and lock-in periods. The insurance policy states all the terms the insured and insurer agrees upon.
There are various companies in the Philippines that offer a wide range of health insurance, aiming to make health care affordable to every Filipino. Here are the most trusted health insurance companies currently in the market: Insular Life, Manulife, BPI, Philamlife, AIG, and Blue Cross.
First, work out a budget, this will effectively narrow down all available health care providers. Next is to choose which plan makes the most sense based on the needs of the policy holder. Lastly, get feedback from other customers on how the health care provider responds to insurance claims. You can also read about our article for additional tips on how to identify a good health insurance provider.
Inpatient Care is a benefit wherein an individual looks for therapeutic consideration and treatment in the doctor's facility due to a quick need. This dependably prompts control wherein the benefits that accompanies it incorporates the following but is not constrained to: hospitalization, recovery, rescue vehicle charges, research center tests and medicine. Outpatient is similar to inpatient care, wherein the difference is that the person involved as exhorted by the specialists can medicate from the solace of the person's own home or just outside the doctor's facility. Outpatient care normally incorporates the following: well being, preventive care systems like research facility tests, ECG, Physical Exams, Chest X-Ray and Urine and Stool Analysis. Further coverage includes crisis care wherein the expression "crisis" signifies taking quick care due to a result of a dangerous occasion brought about by voyaging or just from a general mischance.
To summarize, health insurance provides financial assistance for unforeseen circumstances that may or may not happen to you in the future. Being prepared is always better than having a cure, especially if it would cost money that may hamper your cash flow. To give you a better idea, our article on how health insurance can help you avoid being bankrupt, will provide added info on the financial importance and advantages of having a health insurance coverage.