In the Philippines, a lot of sick people die not because there is no medicine or treatment available but because they don't have money to pay for these costs. A study commissioned by the World Health Organization (WHO) showed that most health expenses are shouldered by private households as much as 48% of total health expenditures. These households often had to use out-of-pocket payments for their health expenses.
This is also known as the traditional HMO. Generally, it has no life insurance coverage. There may be a yearly increase of premium upon renewal. However, renewal is not guaranteed, especially when there are high cliams. HMOs cover only up to age 60. There is no return of premiums for non-utilization.
This type of healthcare worls similarly to the short-term coverage except that it covers ages beyond 60. It's an individual type of HMO and it's the most expensive program. Renewal is also not guranteed.
This is an HMO with a Health Savings Asscount. It has a fixed premium program, usually 7 years, which matures in 20 years. It comes with a 4-way insurance coverage together with the long-term healthcare plan. Renewal is guaranteed and all unused health fund accumulates with interest. It may cover beyond age 60 with long term care growth.