You don’t want journey insurance coverage should you’ve received PhilHealth, proper? Incorrect! Eager to know what else you could be mistaken about in relation to Non-public Native Insurance coverage, PhilHealth or Expat Insurance coverage? Learn on to find the truths about journey insurance coverage within the Philippines, it may 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 insurance, solely offers solely primary protection and is commonly inadequate for critical medical circumstances or personal hospital care.
And in relation to personal medical insurance plans, you’ll discover that there are an entire heap of limits and exclusions, plus you could 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 may nonetheless be concerned in an accident. The stats from Metropolitan-Manila Improvement Authority (MMDA) alone are fairly alarming:
“There have been no less than 26,599 bike accidents formally reported by the Highway 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 no less than 78 bike accidents every day.”
“…automobile mishaps are 54 p.c of the entire highway accidents within the Philippines in 2023. For the Nationwide Capitol Area alone, no less than 86,000 vehicular accidents had been reported by MMDA. In translation, there are 235 accidents every day in Metro Manila. In 2021, it was reported that no less than 11,000 deaths resulted from such accidents – or 30 fatalities every day!”
An excellent if you’re match as a fiddle, sudden sicknesses can occur at any time, so you actually ought to contemplate that medical emergencies (akin to coronary heart assaults or dengue fever) may end up in costly hospital payments, and medical evacuation or repatriation to the UK can price upwards of £50,000, which is never lined by native well being plans.
3: “Journey Insurance coverage and Expat Insurance coverage Are the Similar Factor”
No they aren’t. Journey insurance coverage normally covers medical emergencies and travel-related points (e.g., misplaced baggage, journey cancellations), in addition to offering cowl if agreed for pre-existing medical circumstances and accidents associated to sure sports activities and actions that you could be do whereas away. It might probably additionally present coverage cowl for side-trips to different nations.
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 policy could be expensive, there are methods to tailor a coverage to be budget-friendly and nonetheless present important protection. What you should actually contemplate 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 problem arises.
5: “I Can Simply Fly Again to the UK for Remedy”
Not if you’re severely sick or injured! Journey Insurance coverage ensures that you could entry the therapy you want while you want it, one thing that native medical 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 when you’ve been within the Philippines doesn’t imply it received’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 insurance, and expat insurance coverage.
- Overconfidence in Financial savings – Some folks consider they’ll self-fund medical bills, however a single main medical emergency can drain financial savings rapidly.
- Perceived Low Value of Healthcare – Whereas basic healthcare within the Philippines is cheaper than within the UK, high-quality personal hospitals can nonetheless be very costly.
Get the journey insurance coverage you want for complete peace of thoughts!
Give our group a name (+44) 01892 833338 or go to our web site to get the knowledge you should make the best determination 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 present medical circumstances!