![]() Some even offer discounts on premiums when you add more people to your health insurance plan. Yes, most health insurance providers offer group and family insurance plans for households with more than two members. So if you’re looking to financially secure yourself against COVID-19, getting a health insurance policy should be a good route to follow. ![]() Most insurance providers have started offering complimentary COVID-19 coverage to all of their insurance plans. Because why wait for you to get sick when you can keep yourself healthy? Find a health insurance policy that offers preventive care benefits.ĭo health insurance providers cover COVID-19 cases? Most health insurance providers in the Philippines bundle life insurance in their health plans to make their coverage more comprehensive. Aside from taking care of your medical costs, your health insurance should also provide you with cash dividends to cover the lost income from your medical condition or hospitalization. Your health insurance coverage should also cover non-fatal health conditions and medical services like consultations, in-patient and out-patient care, and rehabilitation services, among others. To cover your bases, look for a health insurance policy that also covers minor illnesses. Some illnesses are unfortunately not covered in most critical illnesses insurance plans. Your health insurance should cover all the expenses incurred from the treatment of critical illnesses like cancer, heart attack, stroke, kidney failure, and aneurysm, among many others. What type of coverage should I expect from my health insurance? The downside is that you have to process your health insurance yourself and you have to pay the premium out-of-pocket. And unlike HMOs, health insurance comes with more value-added benefits. You can also use your insurance on any medical facility. Meanwhile, health insurance offers a more comprehensive coverage on medical services. Also, your employer usually handles your HMO coverage for you. So for example, if you have an HMO from Medicard, you can only avail free medical services from Medicard-accredited clinics and hospitals. The only difference is that HMOs are only limited to their network. Health insurance and health maintenance organizations (HMO) offer almost the same services. What’s the difference between health insurance and HMO? So while everyone in your family is still healthy, you should consider getting a health insurance policy to ensure that an emergency medical situation won’t lead to financial ruin. When it comes to you and your family’s healthcare, you’ll need all the financial help you can get. And while PhilHealth provides basic health insurance for most Filipinos, their coverage is barely enough to cover minor illnesses, let alone major ones. Healthcare in the Philippines isn’t as accessible and affordable compared to most countries. The main reason why you should get health insurance is to avoid paying expensive medical expenses. Depending on the coverage, your health insurance can help cover consultations, emergency room services, hospitalization, and other medical services. Health insurance is a type of insurance that covers all the costs incurred from the insured’s medical expenses.
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