Insurance in The Philippines

Medical costs are largely insured by the government at state hospitals, of which there are several in the Philippines offering adequate medical care, although frequently with lengthy waits. All that is required for insurance is a Philippine identity card. A minimal part of the cost must be paid with cash. Those without Philippine identity cards have to pay at greater rates, which can be paid back by private health insurance plans.

There are also some private facilities in the Philippines with even better quality medical care that can be paid for through private health insurers. Payment at private clinics can be by check, credit card, or any acceptable medical insurance card. Dental insurance costs more and is not usually included on basic plans. Many expatriate workers in the Philippines get their private health plans arranged through their employers.

More health coverage can be had for higher premiums. There is competition in the insurance market in the Philippines. It is also possible to buy household insurance, even for the tenant, to insure one's property and furniture in the case of theft, fire, burst pipes, or typhoons. This is sold by many major Philippine banks and can be bought through the web. Another kind of insurance that is sold in the Philippines is pension insurance, similar to social security retirement plans.