You don’t want journey insurance coverage for those who’ve acquired PhilHealth, proper? Unsuitable! Eager to know what else you is perhaps mistaken about in the case of Personal Native Insurance coverage, PhilHealth or Expat Insurance coverage? Learn on to find the truths about journey insurance coverage within the Philippines, it might prevent a LOT of cash!
By Daibo Taku, CC BY 3.0
1: “I Don’t Want Journey Insurance coverage As a result of I Have PhilHealth or Native Insurance coverage”
The primary false impression! The reality is PhilHealth, the government-run medical health insurance, solely offers solely fundamental protection and is commonly inadequate for critical medical situations or non-public hospital care.
And in the case of non-public medical health insurance plans, you’ll discover that there are an entire heap of limits and exclusions, plus you will have to make massive out-of-pocket funds earlier than getting a declare reimbursed.
2: “I’m Wholesome, So I Received’t Want Medical Journey Insurance coverage”
It doesn’t matter how wholesome you might be, you can nonetheless be concerned in an accident. The stats from Metropolitan-Manila Improvement Authority (MMDA) alone are fairly alarming:
“There have been a minimum of 26,599 bike accidents formally reported by the Street Security Unit of the Metropolitan-Manila Improvement Authority (MMDA) in 2022. This quantity even elevated by 17.3 p.c in 2023. In easier phrases, there are a minimum of 78 bike accidents each day.”
“…automobile mishaps are 54 p.c of the entire highway accidents within the Philippines in 2023. For the Nationwide Capitol Area alone, a minimum of 86,000 vehicular accidents had been reported by MMDA. In translation, there are 235 accidents each day in Metro Manila. In 2021, it was reported that a minimum of 11,000 deaths resulted from such accidents – or 30 fatalities each day!”
A good if you’re match as a fiddle, sudden sicknesses can occur at any time, so you actually ought to take into account that medical emergencies (comparable to coronary heart assaults or dengue fever) can lead to costly hospital payments, and medical evacuation or repatriation to the UK can value upwards of £50,000, which is never lined by native well being plans.
3: “Journey Insurance coverage and Expat Insurance coverage Are the Identical Factor”
No they don’t seem to be. Journey insurance coverage often covers medical emergencies and travel-related points (e.g., misplaced baggage, journey cancellations), in addition to offering cowl if agreed for pre-existing medical situations and accidents associated to sure sports activities and actions that you could be do whereas away. It will probably additionally present coverage cowl for side-trips to different international locations.
Expat insurance coverage then again offers long-term well being protection, routine check-ups, and power situation administration, making it extra appropriate for full-time residents.
4: “Worldwide Well being Insurance coverage Is Too Costly”
Whereas some insurance coverage will be pricey, there are methods to tailor a coverage to be budget-friendly and nonetheless present important protection. What you must actually take into account is the monetary danger of not having insurance coverage – this can at all times far outweigh the price of a coverage, particularly if a serious well being situation arises.
5: “I Can Simply Fly Again to the UK for Remedy”
Not if you’re severely unwell or injured! Journey Insurance coverage ensures which you could entry the remedy you want while you want it, one thing that native medical health insurance plans and PhilHealth can not supply both.
6: “I’ve Been Visiting Right here for Years With out Insurance coverage, So I Don’t Want It”
Much like false impression quantity 2, simply because nothing unhealthy has occurred whilst you’ve been within the Philippines doesn’t imply it gained’t. Medical emergencies, accidents, or pure disasters can strike unexpectedly.
The place do these misconceptions come from?
- Lack of Consciousness – Many expats are unaware of the variations between longstay journey insurance coverage, native medical health insurance, and expat insurance coverage.
- Overconfidence in Financial savings – Some folks imagine they will self-fund medical bills, however a single main medical emergency can drain financial savings rapidly.
- Perceived Low Value of Healthcare – Whereas common healthcare within the Philippines is cheaper than within the UK, high-quality non-public hospitals can nonetheless be very costly.
Get the journey insurance coverage you want for whole peace of thoughts!
Give our staff a name (+44) 01892 833338 or go to our web site to get the knowledge you must make the suitable choice about journey insurance coverage. We provide specialised insurance coverage insurance policies that may be tailor-made to your distinctive wants, even if in case you have pre current medical situations!
