Why You Need A Long-Term Healthcare

If you are employed, chances are you are covered with the health insurance provided by your company. And that’s a good benefit since it can really help you whenever you need some medical care. However, in the long run, this may not be enough. Why? Since it can be availed only while you are still working in your company. When you retire or resign, you will lose that benefit.

The following are some of the reasons why you need to have one.

) You cannot bring with you the healthcare benefits provided by your company when you resigned or retired.

) Most sickness appears during your retirement years.

) Healthcare is very expensive at old age.

) Medical costs double every 5 to 7 years.

) Hospitals may not let you get admitted when you do not have an initial down payment.

) The Majority of Filipinos do not save money for their future healthcare needs.

) No traditional healthcare company covers ages 61 and up.

) Most people rely on their children, selling properties, or borrowing money for their medical needs in their retirement years.

) One of the major reasons for bankruptcy is due to a medical crisis.

What Is Ultimate Kaiser Health Builder: FAQ

How prepared are you in dealing with any health-related problems that may arise? We know that our self, especially our health, is the most important asset. As they said, “Health is wealth”. If our body is not in good condition, we cannot work properly or do our job effectively. This can lead to loss of income. That’s why you need to have good and comprehensive health coverage.

If you don’t have healthcare, is your savings is enough to cover your medical expenses? Or you need to borrow money? To most people, they consider healthcare as an additional expense. But to the wealthy people, they consider it a good investment.

What Is A HMO?

The Health Maintenance Organization or simply HMO is a network or organization that provides or arranges health services to its members through its network – doctors, dentists, hospitals, and clinics in exchange for a membership fee. HMO subscribers can pay the contract price monthly, quarterly, semi-annually, or annually.

It operates as an intermediary between you as a member and to its network of providers. It differs from other types of health insurance in a way that the HMO will directly pay your medical bills or services to its accredited healthcare providers instead of giving you cash. Through HMO, you can have coverage for a broader range of preventive healthcare services compare to another type of plan.

Short-term VS Long-term Healthcare

Many people are comparing short-term HMO and long-term HMO. The main difference is a short-term HMO is designed for immediate consumption. The benefits are either you use it or you lose it. An example of this is the healthcare provided by the companies. On the other hand, long-term HMO is designed for future use.

Here is a comparison between the traditional HMO and the long-term HMO (Ultimate Kaiser Health Builder).