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Insurance PhilHealth

How our Health Card helped us SAVE P50,000 for Hospital Bill

It’s been a week since my daughter was discharged from the hospital (full story here) and I just want to share how our health card saved us from paying more than P50,000 for the hospital bill.

She was hospitalized for 10 days at the World Citi Medical Center (WCMC) in Quezon City and was admitted in an “open private room” at P2,200 per day rate (a large room with bathroom, AC, cable TV, telephone, and fridge).

Before we went to the hospital, I contacted our health card provider first and they confirmed that our card is still active until the end of November 2014. At the hospital, I personally spoke with the hospital’s Admission Personnel and their Liaison Officer, and a representative from our health card provider through phone. I made sure that my daughter’s hospitalization would be covered by our health card before they admit her; otherwise, I‘d have to take her to another hospital which is much more affordable than WCMC.

It’s been a week since my daughter was discharged from the hospital and I just want to share how our health card saved us from paying more than P50,000 for the hospital bill. She was hospitalized for 10 days at the World Citi Medical Center (WCMC) in Quezon City and was admitted in an “open private room” at P2,200 per day rate (a large room with bathroom, AC, cable TV, telephone, and fridge). Before we went to the hospital, I contacted our health card provider first and they confirmed that our card is still active until the end of November 2014. At the hospital, I personally spoke with the hospital’s Admission Personnel and their Liaison Officer, and a representative from our health card provider through phone. I made sure that my daughter’s hospitalization would be covered by our health card before they admit her; otherwise, I‘d have to take her to another hospital which is much more affordable than WCMC. Here’s the thing… My daughter was given her own health card with a coverage of P130,000 per illness and this was provided by my husband’s previous employer as one of their company benefits. He resigned from this company last April 2014 and he is currently employed in his new company with no health card provided since he’s still a probationary employee. After a long verification process with the hospital personnel and health card provider, my daughter’s admission at WCMC was finally approved with full coverage except for a portion of the bill that was supposed to be shouldered by Philhealth. As for Philhealth, the member is required to have at least 6 months of contributions from the date of admission. That sounded like another issue because my husband has only been employed in his new company for 3 months and was unemployed for 3 months prior without contributions after he resigned from his previous company in April. The Philhealth personnel at WCMC was kind of confused with the situation and she initially advised us to accomplish and submit duly signed CF1 form with Certificate of Contribution from his previous company. But she later advised that we should get those requirements from my husband’s current company instead. That’s what we did and we also got a copy of his MDR (member’s data record) at the Philhealth office in Alimall Cubao. Our total hospital bill was P59,000. P9,000 was covered by Philhealth and the rest was covered by our health card provider. We also paid P500 for miscellaneous fee. Our daughter, Macey, is doing pretty well now and we’re very thankful to my husband’s previous company for providing us a health card that even if he’s no longer with the company, he was still able to avail of its benefits. It’s the second time that we used that health card for hospitalization. The first was when my mother-in-law was hospitalized and everything was also covered by the card and it happened during his first month of employment in the company. That family health card is expiring very soon (end of November 2014) and my husband doesn’t have a new one yet from his current company. I also have none as of the moment because I am self-employed and the health card that was given to me by my previous company is also expiring this month. What I needed to do now is to find a good health card package that is within our budget and that could cater to our health needs especially when our little one gets sick again (hopefully not again). I know that having a health card is also one way of securing not only our health but also our pockets. Sabi nga ng isang commercial, “mahal magkasakit”. I also believe that prevention is better than cure. But in some cases, sickness happens no matter how much we try to take care of ourselves and prevent from having diseases/illnesses. And this is one of the reasons why aside from saving a portion of our income for emergency fund, it’s also necessary to have a good health card coverage much like having a life insurance. “Good health is not something we can buy. However, it can be an extremely valuable savings account.” -Anne Wilson Schaef- If you’ve reached this far, you’re probably curious now on what health card we have. It’s actually Maxicare. In my previous company of 7 years, our health card provider was also Maxicare and I never had any issue with them. This is my first choice of health card should I get one for my family but I’m also considering other options out there. How about you, what’s your health card and how’s your experience with your provider?
Macey at the hospital (a day before she was discharged)

Here’s the thing…

My daughter was given her own health card with a coverage of P130,000 per illness and this was provided by my husband’s previous employer as one of their company benefits. He resigned from this company last April 2014 and he is currently employed in his new company with no health card provided since he’s still a probationary employee.

After a long verification process with the hospital personnel and health card provider, my daughter’s admission at WCMC was finally approved with full coverage except for a portion of the bill that was supposed to be shouldered by Philhealth.

As for Philhealth, the member is required to have at least 6 months of contributions from the date of admission. That sounded like another issue because my husband has only been employed in his new company for 3 months and was unemployed for 3 months prior without contributions after he resigned from his previous company in April.

The Philhealth personnel at WCMC was kind of confused with the situation and she initially advised us to accomplish and submit duly signed CF1 form with Certificate of Contribution from his previous company. But she later advised that we should get those requirements from my husband’s current company instead. That’s what we did and we also got a copy of his MDR (member’s data record) at the Philhealth office in Alimall Cubao.

Our total hospital bill was P59,000. P9,000 was covered by Philhealth and the rest was covered by our health card provider. We also paid P500 for miscellaneous fee.

Macey-playing
Macey playing…

Our daughter, Macey, is doing pretty well now and we’re very thankful to my husband’s previous company for providing us a health card that even if he’s no longer with the company, he was still able to avail of its benefits. It’s the second time that we used that health card for hospitalization. The first was when my mother-in-law was hospitalized and everything was also covered by the card and it happened during his first month of employment in the company.

That family health card is expiring very soon (end of November 2014) and my husband doesn’t have a new one yet from his current company. I also have none as of the moment because I am self-employed and the health card that was given to me by my previous company is also expiring this month.

What I needed to do now is to find a good health card package that is within our budget and that could cater to our health needs especially when our little one gets sick again (hopefully not again). I know that having a health card is also one way of securing not only our health but also our pockets.

Sabi nga ng isang commercial, “mahal magkasakit”.

I also believe that prevention is better than cure. But in some cases, sickness happens no matter how much we try to take care of ourselves and prevent from having diseases/illnesses. And this is one of the reasons why aside from saving a portion of our income for emergency fund, it’s also necessary to have a good health card coverage much like having a life insurance.

Good health is not something we can buy. However, it can be an extremely valuable savings account.” -Anne Wilson Schaef-

If you’ve reached this far, you’re probably curious now on what health card we have. It’s actually Maxicare. In my previous company of 7 years, our health card provider was also Maxicare and I never had any issue with them. This is my first choice of health card should I get one for my family but I’m also considering other options out there.

How about you, what’s your health card and how’s your experience with your provider?

Categories
Insurance Investment

My Own Way of Saving the Lives of Other People

I attended a meeting today at Philamlife and I learned a lot of things from the speaker but I just want to share ONE important thing that touched me the most.

I usually write long posts but I’ll make this one short and sweet. 🙂

The main role of an Insurance Financial Advisor or Premier Agent (no matter what insurance company we’re from) is TO SAVE THE LIVES OF OTHER PEOPLE, mainly our clients.

I never expected that I would join the world of Insurance. My only purpose when I asked my friend who works in an Insurance Company was to know how I could avail of Life Insurance for myself and for my husband. And I never thought about getting one until we had our first child.

I guess you know what lies behind an Insurance Policy. It’s something that a lot of us are not interested to talk about but we know that IT IS IMPORTANT. I won’t be digging much into the details of having a life insurance because I know it’s kind of a sensitive matter and not a lot have an open mind to discuss things like this. But here’s my take on this…

Nobody wants anything negative to happen. But we all know that nothing is certain in this world. ANYTHING can happen. We just don’t know when.

When I got my own insurance, it somehow gave me that sense of security and peace of mind, not only for myself but also for my loved ones. But I’m not saying that you too should get one for yourself. I believe that having an insurance is not for everybody. It may sound like a contradiction to my role as a Financial Advisor but I’m just being honest. If you’re single, young, and no one depends on you, then you might not really need one, unless you want to or you have other reasons to have one for yourself.

I thought that if I am positive about having insurance, then maybe I can also share it to others. So, I joined Philamlife. I knew a lot of people have negative impressions and misconceptions about insurance and I respect them. But here’s what I have to say…

I joined the insurance company to touch and save other people’s lives.

I know this line has been overused and I’m sure you’ve heard of this a lot of times but honestly, this is what I live up to. This is my motivation and this is part of my advocacy of spreading financial literacy. And I’m sharing this not only because I am with Philamlife, but because this is what I believe in and I’m hoping that by doing this, I would somehow be able to add value to my life and the lives of other people.

Disclosure: I am a Licensed Financial Advisor of Philamlife. Should you be interested to know more about its products, you may contact me directly through my Contact Page. (Don’t worry, consultation is FREE! 🙂 )

Categories
Insurance Investment

Why It’s Important to have an Accident Insurance

Our former “kasambahay” was accidentally hit by a car while she was walking across the street from the “sari-sari” store. She thought it wasn’t that bad because she only felt a mild pain on both her hands and her abdomen.

I’m actually having a hard time imagining and explaining how she got hit but according to her, her position was like of “super woman” with her two hands in front as if trying to stop the car from hitting her but she got hit in the end.

She tried to confront the driver who came out of the car angrily and instead of asking for apology, he acted as if he was the one who got hit. Our “kasambahay” said she got shocked with how the driver disrespected her that she missed to get the car’s plate number until he got back to his car and drove away.

The people who witnessed that simple accident said that it was the driver’s fault and not hers but no one took the initiative to get the plate number either. Thus we had no one to blame and get accounted for after all.

Days passed and our “kasambahay” had been consistently complaining about the pain on her hands and abdomen. What we thought of as a simple accident became serious and because of that we had to pay for her check-up and medications. She’s no longer working for our family but we still continue to give financial support when she needs help.

Remembering this incident made me think that having an accident insurance is really important. An accident is an unforeseen circumstance that occurs unintentionally and usually results in harm, injury, damage or loss. Nobody wants to be involved in an accident. And having an insurance doesn’t give us an assurance that we won’t get into any accident but it somehow gives us that sense of security that when something similar happens, we can get financial assistance through the benefits of the insurance.

After giving it some thoughts, I decided to get an accident insurance for our new “kasambahay”. It’s an additional expense but I think it’s better to shell out a small amount of money for security and hopefully nothing happens, than something happens but we don’t have the insurance needed.

Disclaimer: I’m a Licensed Financial Advisor of Philam Life but this post is not intended to sell or endorse their products. This is only to share my experience and it doesn’t cover all the details in the article. Should you be interested to know more about their products, you may contact me directly through this Contact Form.