Unlock health goals and safeguard your assets with health insurance
The COVID-19 pandemic has brought to light the crucial role of good health in our lives. As a result, many individuals are seeking to ditch old unhealthy habits and adopt new and beneficial ones.
Maintaining good health shields you from financial ruin, particularly in the Philippines, where the surging cost of medical treatments can wipe out the savings of an average wage earner.
Prevention is always better than cure, however, there is no foolproof way to ensure a life free from illness and disease. The next best thing for you to do is to get a health insurance plan that will protect you and your loved ones from the escalating cost of medical care.
Here are some things you should know and questions to ask yourself before getting a health insurance plan
These days, a medical emergency can quickly deplete your resources due to soaring medical inflation. In addition, medical expenses could not end with your stay in the hospital. Therefore, having health insurance is a crucial financial precaution to take in the event of unanticipated medical emergencies.
In addition to providing coverage for medical expenses, purchasing a health insurance policy has a number of other advantages that can protect your finances, such as tax advantages, cashless claims, and more.
Hospitalization bills, can be a significant financial burden. A medical emergency can deplete your savings and even lead to debt. However, a health insurance plan can cover hospitalization and other medical bills, depending on the policy you choose. This enables you to receive necessary healthcare without worrying about the financial strain.
Depending on your provider, you may get access to medical consultations, tests, and preventative care services without spending from your pocket. Providers often have a network of affiliated doctors, clinics, and testing centers that they directly pay for.
Preventive measures for future illnesses
Garett Maralit, Muti-awarded Financial Advisor and Sales Manager of Sunlife said “If we want to fix our finances, we have to go back to the basic – budgeting,”
Pre-existing medical conditions