GRWM: Get Ready with Health Insurance (Philippines)

For Filipinos, I’ve made this one for you. I know that we’ve got a long way to go when it comes to securing our finances, especially in terms of medical funding. We all know someone or maybe you’ve experienced firsthand how challenging it is to look for money when health is at risk. Not to make you worry but it’s just something we all need to be concerned about because we can definitely do something about it now rather than regret it later.

Let’s talk about coverage, shall we? Finally, a get ready with me video where I talked about health insurance. 💪🏼

Base make-up gives you the basic coverage. They fill in dark spots and redness in your face! In financial planning, this is what insurance does. The “base” insurance will give you coverage should emergencies like SAD (sickness, accidents, death) moments happen in your life. When talking about coverage, some would prefer a product where you can build up while others would want the full coverage onset. Honestly, it’s good to build up since you can base it on your existing cash flow and other current factors (like your lifestyle).

When you’re a fresh graduate or in an early stage in your career, this would be a more sustainable way as well. Since you prolly have no children or have no one depending on your income, you are basically depending on yourself. #lovemyself I’d recommend you start with a health fund first. Everyone should have one whether they dependents or none. I strongly recommend that you get this first because you have fewer responsibilities and have more room to adjust when it comes to important life decision-making.

If you’re a breadwinner and/or on a limited budget, I recommend you increase your cash flow AND limit your expenses (aka your negotiable expenses bc you can obviously survive a month without a new dress or a coffee in your hand (I know I said that but yes you can survive! Try water OR instant coffee or you could do intermittent drinking HIHI GIVING YOU SO MANY OPTIONS TO CHOOSE FROM BC YOU DON’T NEED EXCUSES. YOU NEED SOLUTIONS AND SACRIFICES. BEEN THERE, DONE THAT.) I’d still recommend getting a health fund first because there are products that also offer life insurance for your family to leave behind in the event of untimely demise. (Actually a 2-in-1 coverage for a swak budget yay!) Other than that, opt for a critical illness coverage “rider” on top of your insurance or investment plans. Better known as the Concealer in make-up hihi.

Anyways, please check out the video for more content about it. 💖

Timestamps:

0:56 Step 1
2:40 Step 2
8:33 Step 3
9:16 Step 4
10:20 Step 5
11:05 Step 6

11:40 Skip to see the final look and the benefits but really, you’d miss some important notes about health insurance bc I talked about it while I was getting ready (which is the meat of the video lol)

12:07 Benefit #1
16:32 Benefit #2
19:28 Benefit #3
20:24 Benefit #4

Here are the sources and other materials you’d like to see for yourself:

• Why I Wear Sunscreen every day for 365 Days by Euodias
  https://www.youtube.com/watch?v=fvm2WkT2_1c

• The Pros & Cons of Sunscreen
  https://gracemed.org/using-sunscreen

• Causes of Deaths in the Philippines (Preliminary): January to October 2021
  https://psa.gov.ph/content/causes-deaths-philippines-preliminary-january-october-2021

• PHL healthcare benefit costs to rise this year
  https://www.bworldonline.com/phl-healthcare-benefit-costs-to-rise-this-year/#:~:text=WTW said in a statement,rise by 14.4%25 this year

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Watch Next:

3 Questions You Should be Asking Yourself FIRST if You Want to Build Your Financial Portfolio
https://www.youtube.com/watch?v=uteGK1FB6P0&t=180s

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Track: Get Up — SilentCrafter [Audio Library Release]
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