Affordable Health Insurance Plans in the Philippines

Want to get a budget health insurance plan in the Philippines? Protect yourself and your family today by getting the best health package for your needs. See the list of top health plan providers today.

Best Health Insurance Plans

Criterion to consider when choosing the best health insurance in the Philippines should at least include:

  • Affordable payments (monthly, semi-annual, annual)
  • Convenience of payment
  • Coverage of the health insurance
  • Company reputation

Read: Best HMO in the Philippines

Benefits and Advantages

One benefit of a private health insurance plan is the extent of coverage. You and your family can be covered with a big amount of lump sum cash once you get sick.The maximum benefit that an insured may get could range from Php 500,000 to Php 2 million or more depending on the policy features.


Another advantage of a private health insurance is the network of hospitals and medical facilities where you can avail the benefits. On the other hand, an HMO health card can give a more affordable option to get you covered.

How to Get a Health Insurance

Applying for a health insurance is easy. Some of them may provide online application while others can provide you a more personal approach through an agent. An insurance advisor can give you a more detailed info about the plan of your choice.

Price of Health Insurance

The price rate of a health insurance will depend on the package that the person prefers to avail. The cost of health insurance can range from Php 40,000 per year or more depending on the availed plan. The higher the coverage amount, the more expensive the premium is.

Health Insurance Quote

If you wish to know more about the price you have to pay for a health insurance, you may request for a quote. Most companies have a built in online price quote on their websites. However, you may also request one from your agent.

Affordable Health Insurance Plans

A health insurance may be in the form of a plan or health card from HMO. Usually, the packages offered by health card providers are more affordable than the standard health insurance. However, you should also consider the overall benefits and features of each to help you decide.

Critical Illness

A good health insurance should cover the expenses related to critical illnesses. Some example of these conditions include heart attack, cancer and stroke. Choose the plan that can cover these conditions to give you peace of mind.

See: Health Insurance for Critical Illness

One benefit of having a health insurance is that it can cover critical illnesses. HMO health cards will only be able to cover a specific list of medical conditions at a fixed price.

Pre-Existing Health Problems

Many health insurance companies and plans can cover even pre-existing conditions. If you have health problems, you can still avail of the insurance policy that suits your needs.

More: HMO for Pre-Existing Conditions

Health Insurance versus HMO

Health insurance will usually require bigger payments of premiums. HMO health cards are relatively more affordable but with limited features and benefits. Here is a comparison between private health insurance and HMO health cards.

Types of Health Insurance

There are different types of health insurance plans that you may avail depending on your needs. Some of them are offered based on gender, the number of insured and the benefits.

Individual

An individual health insurance may be availed depending on your coverage needs. Some of the plans may include certain diseases up to a specific age. Individual accounts could cover hospitalization, treatment of illness and daily cash benefits.

Family Plan

A family health insurance plan can cover multiple members of the family. Children, spouse and other members may be covered by a single account. You can also add other family members as dependents on your existing policy.

For Men

Some health insurance for men are also available particularly when it covers male specific health conditions. You can avail these plans based on your capacity to pay and preference of coverage.

For Women

Women who may need a health insurance may be covered by a plan that specifically address woman specific illnesses.

With Investment

A health insurance plan with investment is a good option if you wish to grow your money while being protected. You can get a policy that covers you with a certain amount and earn from your payments if you did not use any of the benefits.

Top Health Insurance Plans in the Philippines

Health insurance plans in the Philippines may be provided by a company or a bank. It is a good idea to compare the insurance packages offered by them so you can get the best plan for your needs.

Manulife Healthflex

Health Flex is one of the primary health insurance offered by Manulife.

Benefits and Features

  • Avail this health plan even at age 70 years old
  • Protection up to 100 years old
  • Maturity Benefit if you live up to 100 years
  • Waiver of premium when diagnosed with certain critical illness

Manulife Adam Health Insurance

This plan is tailored specifically for a man’s health needs.

Benefits and Features

  • 20% face value is given when diagnosed with male-specific cancer
  • Monthly income for the family in case of insured’s death
  • Specifically tailored for men covering certain diseases. Other critical illnesses may include:

Myocardial Infarction

Coronary Artery Bypass Surgery

Bacterial Meningitis

Cancer

KanMend (FWD)

This health plan from FWD is among the cheapest health insurance in the market.

Price of Premium

Php 1,7999 per year

Features and Benefits

  • Up to 42 critical illnesses covered
  • Coverage up to 55 years old
  • Easy payment options (credit card, Gcash, debit card)
  • Free consultation for 6 months using KonsultaMD
  • Php 100,000 amount of coverage

Philam Life

Cancer Life Shield

Philam Life offers this illness specific health insurance to those who are looking for cancer protection.

Benefits and Features

  • Issue age from 29 to 50 years old
  • Coverage up to 60 years old
  • Minimum premium of Php 2,000 per year

Sun Life Fit and Well

Sun Life’s Fit and Well is one of the health plans offered by the company. It includes a comprehensive list of diseases covered for the insured.

Features and Benefits

  • Coverage up to 100 years old
  • Cash benefits for more than 100 critical illnesses
  • Up to 50% cash benefit for first diagnosis of cancer

Price of Premium

Fixed amount payable in 10, 15 and 20 years, request for a price quote

monthly , quarterly, semi annual

Senior Citizen Plans

The best insurance for senior citizens should come with an affordable monthly rate but with the widest coverage. People age 60 years old and above may avail either a health insurance or an HMO health card for their protection.

Related: Best HMO for Senior Citizens

Choosing the best health insurance will depend on the client’s needs. Consider the benefits and advantages of each plan offered by the company of your choice.

References: Investopedia

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About the Author: MedicalPinas has several years of experience in publishing articles to help Filipinos find medical services and their prices. It strives to provide the most accurate info available through extensive research. Info may change without notice. This site is not affiliated with any of the mentioned brands/companies and does not represent the same.

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