There are many ways to answer this question because it can have many meanings. It could mean “How much is the cost of healthcare in the Philippines?”, or how much does an average Filipino family spend on health-related expenses?” We can break down these questions and find an answer to each question in this article.
How much does an average Filipino spend on healthcare costs?
Filipinos spend a substantial amount of money every year on their health. The main reason for this is because not everyone would have healthcare coverage. They would have to spend money out of their pockets for medical expenses. Doctors’ visits, medicines, vitamins, and hospitalization costs would all be out-of-pocket expenses if you would not be covered by some sort of healthcare plan.
Although many would realize the need to have healthcare coverage, many families would opt not to invest in healthcare plans. They would perceive it to be an unnecessary expense that they can avoid. This is why most families would spend a fortune just trying to stay healthy.
Statistical data would tell us that a little upward of a half-billion pesos was spent on health-related costs in the year 2013. The data only showed a higher amount of expenditure each year following 2013.
This means that instead of more people opting to buy healthcare coverage, people have continued to spend more money out-of-pocket for health-related issues. The Philippines is a country that still functions on a cash-based economy, so most of what makes up these figures are of cash value.
How much is healthcare coverage in the Philippines?
How that we know how much Filipinos choose to spend on healthcare, let us try to see how much people can be able to save if they chose to take out a healthcare plan instead.
Depending on the needs of the person or family, the average amount that you can invest per month on healthcare would range anywhere from 900 pesos to 1900 pesos. This is not much, considering that you will b given coverage for medical expenses and hospitalization costs with that price that you pay. Healthcare coverage might seem expensive, but then it would be much cheaper if you compare the medical expenses you stand to incur without any coverage at all
Why you need a healthcare plan
If you have read this far, you would know now that investing in a healthcare plan would be a much more worthy investment rather than just living your life without any coverage. Spending money for visits to the doctor, medicines and even your monthly budget for vitamins can all add up without you realizing it. Kaiser Health can provide you with healthcare plans that would have flexible payment terms so that you will not feel the weight of your premiums too much, They would offer many healthcare plans to make sure that you have everything you need.
Having healthcare coverage is not a luxury nowadays, it is a need. Everybody gets sick one time or another, and it is just best that you are prepared for it. You do not need to go broke just by trying to stay healthy. This is precisely why healthcare plans would exist, they are designed to make sure that you do not end up spending more than you absolutely have to for health-related issues.
If you are a budget-conscious Filipino who would want to get the most out of life, investing in a healthcare plan would be the right more for you. Companies like Kaiser Health will help you get the best possible package that will keep your body as well as your bank account healthy. There is no need to overspend for medical emergencies. Get a healthcare plan today!