A choice of a health insurance plan always comes down to two factors: monthly premium and coverage. The premium is the guaranteed cost you pay to enjoy the health plan’s benefits. Coverage, on the other hand, pertains to the doctor and treatment services you won’t have to pay for. Good thing there are health insurance plans that give you options to have control over the price and coverage.
Manulife Philippines, like many health insurance providers, offers options for affordable personal health plans designed for specific needs. They recognize that healthcare expenses eats up on savings and can be a burden. When you choose a personalized health insurance plan, therefore, consider these critical factors in your decision.
Fixed Premium or Guaranteed Cost
A fixed monthly premium doesn’t change regardless of how much you use your health insurance in a year. How much your household earns determines the kind of premium that you can afford. Your income may also qualify for a premium tax credit – a refundable tax credit – based on your income changes. Low to moderate income households would benefit from it the most.
Doctors Services Coverage
Make sure that your choice of health plan covers qualified doctors to treat your illness or any pre-existing health conditions you may have. Although some specialists require an out-of-pocket expense, insurance companies determine the kind of services and tests you will need, so doctors will recommend a treatment plan that you won’t have to pay for.
Types of Illnesses Coverage
An affordable health plan won’t make sense if it doesn’t cover the types of illnesses you have. Make sure to look for a health insurance that includes all the essentials as well as rehabilitative and preventative services.
An ideal personal health insurance plan must not only give you peace of mind when you’re well but, most important, one that works when you’re sick. It should be reliable, affordable, and perfect for all your needs.