Best Posts in Thread: found good health insurance

$10,000 per year? They must be assuming all 70 year olds will get a heart bypass. No way. Nobody ever mentions the coverage the companies give because I think most people don’t ask, but, whenever I checked, it was always around P300K to P1M. $10000 will cover a major procedure by itself as self-insurance. Considering Philippine medical costs, this is a very bad deal. Locals get Phil health and are out of the equation. Foreigner Phil health does not cover major health conditions and subsidizes the locals who are covered for major procedures by charging us $15000 per person per year for very low coverage. Locals pay Phil health about $40 per year for better coverage. I recommend getting the overpriced Phil health anyway as it gets you into the hospital fir emergency treatment. Then, make sure you can afford business class airfare to go home and let your national health insurance cover you (like for a heart bypass or cancer treatments etc.). I say business class because it is a very good way to travel if you are not in perfect health. I would never consider any of those rip off policies here. Another problem is that 65+ policies all seem to pay the insured directly, only AFTER you settle with the hospital. That is useless because the hospital will demand payment on the spot and will hold you hostage in the hospital until you settle. So you still must self-insure and pay up and HOPE your insurance company pays up later. there is no insurance commission here to make sure you are treated fairly. If you don’t have the money to settle, then you must issue a promissory note in accordance with the law, note HOWEVER that the note must be backed by a like amount in real estate as collateral which is interesting since non-citizens cannot own real estate. I cannot say for sure but I suspect the $10000 policy covers only about P 1000000 which is not worth it. As for affordability, expats who receive only min SSA pension as their only income would be paying their full pension in insurance with nothing left to live on. I would say, keep up with your payments or whatever it takes to be covered by your national health insurance program (like Medicare B plus medigap). For most of us, medical care back home for major procedures is much higher in quality. And it only takes less than a day to get back to the homeland.


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