24/05/2021
š” Did you know that 1.5 million Filipinos are pushed to poverty each year due to the expensive cost of health care?
While there are only 7 million Filipinos are enrolled in HMO plans with an average MBL of Php 150k.
On the other hand, the average medical cost for major illnesses in the country is Php 2 million. The difference between the cost of treatment and PhilHealth and HMO coverage is what we call the "Out-of-Pocket."
So here are the average medical costs for the "Top 3 Causes of Deaths in the Philippines."
āļø Heart attack at Php 900k
āļø Stroke at Php 1.8 million
āļø Breast cancer at Php 430k
āļø Lung cancer at Php 2.7 million
The saddest part is, it can be any of your friends, family, or you. It just a matter of time.
So here are the 3 possible things that can happen when you get critically ill.
ā Death because you can't afford the treatment.
ā Poverty because you'll have to pay a huge fraction of your bill out of your pocket.
āļø Focus on healing. Because you transferred the risk to an insurance company by getting "Health insurance."
You see, you always have the choice.
And the choice you have to make right NOW can help you or be a problem in the future.
If you read this post then you already know what to do. Talk to an advisor NOW!
The Insurance Commission has released the latest performance of life insurance companies before the Holy Thursday kicks in. Know the top insurance companies in the Philippines 2018. Learn who dominated the industry, who made the cut and who's not.