Dumaguete Info Search


Best Posts in Thread: Over Age 70

  1. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    People tend to underestimate long term risk and overestimate short term risk.
     
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  2. Dutchie

    Dutchie DI Forum Adept Showcase Reviewer Veteran Army

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    Pacific Cross offers insurance for seniors, their Blue Royale Premier product.
    It's not cheap though, at age 70 you'd pay 9,300 US$ per year for their "Standard" product, and 3,500 US$ per year for "Major", with an optional rebate up to 40% if you agree to a sizable deductible.
    Premiums go up as you get older. 13,000 US$ at 75, etc.
    Brochure available here

    Obviously, nobody wants to insure a house that's already on fire, so you'll need to answer a whole bunch of questions in the application form.
    I would also think that with customers getting insurance with them at a rather advanced age, the risk of getting into discussions about whether some medical problem was "pre-existing" at the time of applying seems rather large anyway.
     
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    Last edited: Oct 19, 2020
  3. danbandanna

    danbandanna DI Senior Member Veteran Marines

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    I think we are all aware of the chances we take...
     
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  4. Philpots

    Philpots DI Senior Member Restricted Account

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    Yes I think I tend to agree with that. Whilst its important to have enough to cater for your everyday needs make sure you enroll in Philhealth to cover just in case, and have a bit in reserve. That could buy you enough time to receive some treatment then fly back home and have what ever it is looked after properly if that is required. Of course there is always that dire emergency in which case you are at the mercy of the treatment here but generally, I have found it to be ok and I think most other ex pats have. Not perfect, but this is a third world country and certain risks do prevail. If you do not want to take that chance then stay where you are That my friend is the best practical advice I think you will receive.
     
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  5. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    You still need treatment once you land. If American, like myself, you are better off going somewhere like Thailand for treatment. If you are from a country that at least pretends to care about its citizens and offers universal healthcare then I suppose you could get away with less.

    The question seemed to be about what should be saved up for treatment within the region. If you plan on being treatment locally you had better have a good chunk of change saved up. I certainly will never donate cash to an expat's medical bills again and I suspect I am not alone on this. If you want to live overseas you shouldn't be a burden to anyone except those that chose to be with you and you shouldn't be asking for handouts. P4 million is a reasonable amount of money to have saved up for medical expenses if you wish to stay local/regional and have a chance at living a long life.
     
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  6. john boy

    john boy DI Forum Patron

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    Agree totally, I don't gamble with my health concerns, that's why I remain a visitor not an Expat.
    Anybody with on going medical problems or previous major health issues would be advised to have a back-up plan.
    Chances are that anything major goes wrong, it would be a further risk, just to travel back home for treatment. Stay healthy folks.
     
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  7. NowandThen

    NowandThen DI Member

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    For myself I would only use medical services in Dumaguete for an urgent treatment. And of course in such a case you need cash. But other than that, no thank you. I know too many stories what went wrong in the local hospitals. OK, some guys were lucky. But I wouldn't take any chances.

    Gesendet von meinem SM-N950F mit Tapatalk
     
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  8. SkipJack

    SkipJack DI Forum Adept

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    I agree that one should not become a burden on others. Particularly outside their home country.

    My point is that if you are expecting advanced health care in the order of P4 million you should probably look elsewhere because that level of advanced care is not easily found here.

    Anyone from a first world country with P4 million extra should consider maintaining quality health coverage in their home country. There is insurance available for air ambulance services. Get stabilized here and then get back home for the rest.

    On the other hand most expats here do not have P4 million in cash lying around so this aspect of the conversation is moot.
     
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  9. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Personally, I think if you don't have, at the very least, P4 million set aside for medical expenses (especially if you are elderly) you are setting yourself up for failure.
     
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  10. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    Great post - insurance companies do everything they can to avoid paying out. If you miss out one previous condition, even if very minor and seemingly unrelated to your claim, they will use it against you. A previous undisclosed very minor knee injury will be used to deny a heart claim, as I have read.

    I also read, related to house insurance, a denial of claim because they investigated the house and found an old repair within the ceiling, done before the claimant bought the house and of which (being hidden within the ceiling) he was totally unaware.

    I have money to repair my body if necessary - if it runs out then it means I am pretty bad, so I go home (where medical care will be free) or I expire and save myself any more suffering.
     
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