Short Term Healthcare Long Term Healthcare

TRADITIONAL HMO HEALTH SAVINGS ACCOUNT

Renewal not guaranteed if with high claims Renewal is guaranteed

Yearly increase of premium Fixed premiums for 7 years

Generally, no insurance coverage some provide With Four (4) Way Insurance Coverage up to the
insurance, but very low coverage Long Term healthcare Plan:

 Term Life
 Accidental Death and Dismemberment
 Waiver of Installment due to death
 Waiver of Installment due to Permanent and
Total Disability

No accumulation of unused health fund All unused health fund accumulates with interest

No return of premiums (ROP) for non-utilization With returns of premiums up to the contract price for
non-utilization during the paying period

Covers only up to age 60 Covers beyond age 60 with long term care yields *
Pre-existing illness is not covered during the 1st year
and lifetime / permanent exclusions may be issued on
the 2nd year onwards
Inflexible, non-transferable benefit design
Reinstallment is limited only within 30 days of lapsed
policy
Access to non-accredited physicians and medical
network is not covered
Out-patient medicines and cosmetic treatments not
covered
Continuous yearly payment terms
Anxious, worrisome and insecure healthcare status
after employment or during retirement years
Short Term Care
Pre-existing is not covered during accumulation
period. No exclusions after the 7th year of coverage *
Flexible, transferable, and may be redated benefit
design
Alarming Health Realities...
Reinstallment within 2 years of lapsed policy
 In 20 years, the elderly will outnumber the youth by a ratio 4:1
Access to non-accredited physicians and medical  Aging workforce is the biggest economic challenge over the next decades
network is covered after the 7th year
 Heart disease is the number one cause of mortality in the Philippines
Out-patient medicines and all illness including  Medical inflation hits nosebleed levels, 3-4 times economic inflation
cosmetic and maternity are covered after the 7th year  Cost of medicines in the Philippines is 600% higher than our neighboring Asian
*
countries
Seven (7) years or spot-cash payment options  Health conditions in the Philippines remain among the poorest in East Asia
No worries...  More and more people die not because of no doctor or no medicine but
because of money
Long Term Care